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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.
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.
Qatar Investment Authority (QIA) also invested Rs 8,278 crore for a 1% stake in RRVL, valuing the company at Rs 8.278 lakh crore
Aditya Birla Capital received shares on a rights basis on Tuesday, according to the business.
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.