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Karur Vysya Bank confirmed the RBI's approval, specifying that HDFC AMC must ensure its aggregate holding in the bank does not exceed 9.5% of the paid-up share capital.
The company plans to utilize the proceeds from the fresh issue, amounting to Rs 240 crore, for debt repayment, with an additional Rs 10 crore allocated for the purchase of electric vehicles.
The IPO comprises a fresh issue of Rs 450 crore and an offer-for-sale of up to 24.12 lakh shares by existing shareholders and promoters.
Foreign Institutional Investors (FIIs) sold equities worth Rs 3,364.22 crore on Thursday
TCS successfully capitalizes on global demand for digital transformation, despite a challenging year for the business technology category in general, as stated by the data and consulting company
The acquisition of 26% of Axiom's paid-up share capital on a fully diluted basis
Oil India sees a 3% rise due to increased crude prices
Over last three years, SRIN has cumulatively generated gross operating cashflows of Rs9.3bn
A 51% stake in TCNS Clothing has been acquired by Aditya Birla Fashion Retail Ltd (ABFRL), making it a promoter of the women's clothing company.
Global oil benchmark Brent crude registers a 0.99% increase, reaching USD 94.89 per barrel