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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.
The company's board will convene on October 4 to determine the issue price for the QIP
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.
Aditya Birla Capital received shares on a rights basis on Tuesday, according to the business.
The company is raising Rs 1000 crore from the issue at a price of Rs 1000 each. Investors need to apply for a minimum of 10 NCDs in a lot.
TSC Bosh, Executive Director (Infra & Logistics), REC, and PNB Chief General Manager Rajeeva signed the MoU.
The net proceeds from the fresh issue will be channeled into enhancing Fincare Small Finance Bank's Tier-1 capital base to meet future capital requirements.
A full maintenance contract with a post-warranty cost of Rs 43.22 crore, including GST, is included in the contract.
NCDs are fixed-income securities listed on BSE and NSE, offering an alternative to bank and corporate FDs for investors with medium risk tolerance
f BAF were to raise Rs100bn, valuation at CMP would moderate by 10% to 5.0x (FY25) and leverage by 16% to 4.3x. BAF’s high profitability (~5% ROAs) will enable delivering sector-leading ROEs of ~23%, even at lower leverage.