The floor price for the two-day OFS is set at ₹225 per share.
Manufacturing PMI Stays Strong Above 50 for 22 Straight Months
The company raised $200 million last year, valuing it at $900 million.
The company envisions that the new app will help in expanding its digital business.
According to the filings, the company has raised secured loans totaling Rs 5,799 crore.
During the quarter under review, the company reported an EBITDA of Rs 727 crore.
The company plans to utilize the sale proceeds to expand its renewable energy footprint.
The setback occurs just when Agarwal's metals and mining company is struggling to pay down a sizable amount of debt.
Company's profitability was impacted due to a drastic surge in its expenses.
Recommendation: Add; Target Price: Rs 165