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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.
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.
A full maintenance contract with a post-warranty cost of Rs 43.22 crore, including GST, is included in the contract.
Nirma Ltd. will conduct a required open offer to all public shareholders of GLS in accordance with SEBI regulations.
Adani Group verified the formation of the entity, Dharavi Redevelopment Project Pvt Ltd, without going into further detail.
The Government has received about Rs 1556 crore and Rs 88 crore as dividend tranches from Coal India Ltd. and BHEL, respectively.
The board will discuss issuing private non-convertible debentures (NCDs) as part of their routine refinancing
The offer will close on September 22. The issue size has been reduced at the time of filing the draft IPO papers from Rs 1,000 crore in July last year.
Management of the IPO-bound company chats with Sheetal Agarwal of IIFL to streamline the company’s strengths, performance and road ahead.