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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.
Analysts of IIFL Securities believe ACN’s Q4 results and soft FY24 organic growth outlook of 0-3% CC YoY, combined with the sharp decline in Managed Services bookings highlight the lack of tailwinds in the near-term demand environment.
The acquisition of 26% of Axiom's paid-up share capital on a fully diluted basis
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.
The price band for the offer is Rs 280-300 per share.
Aditya Birla Capital received shares on a rights basis on Tuesday, according to the business.
Infosys offers services, frameworks, solutions, and platforms in a variety of application areas, including semantic search, document summarization, contact centre transformation, AI-augmented software development lifecycle (SDLC), and marketing content creation.