Satya Easwaran to be replaced with Badri Srinivasan.
The amount will be used to fund the payout for the voluntary retirement scheme (VRA), which is likely to cost over Rs 200 crore.
The company supplies its products to 9 out of top 10 global tyre manufacturers and to all of the top 11 tyre, paint, footwear and cosmetics manufacturers in India
Investment made under PLI scheme.
Non-convertible debentures (NCDs) are fixed income securities that is listed with stock exchanges, like BSE and NSE in India.
The valuation of the company was estimated to be up to $3 billion.
Almost our entire smartwatch portfolio is now manufactured in India.
This is a year-on-year increase of 16.6%.
According to a BSE filing, the parties to the proposed transaction, for which a legally binding memorandum of understanding had previously been signed, had "executed a Share Purchase Agreement and finalized the transaction."
30 to 40 cities are being added daily to the company's 5G network.