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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
The company intends to raise Rs 152 crore from the offer with fresh issue of equity shares and no element of offer for sale
Aditya Birla Capital received shares on a rights basis on Tuesday, according to the business.
The company is raising Rs 1000 crore from the issue at a price of Rs 1000 each. Investors need to apply for a minimum of 10 NCDs in a lot.
Drones will help Cipla transport medicines to pharmacists and clinics in rural places.
As the company continues to invest in new businesses amid a soft consumption environment, debt levels are expected to rise further in FY24.
TSC Bosh, Executive Director (Infra & Logistics), REC, and PNB Chief General Manager Rajeeva signed the MoU.
Vaibhav Jewellers aims to raise Rs 270.20 crore through the initial public offering, comprising a fresh issue of Rs 210 crore in shares by the company and an offer-for-sale (OFS) of Rs 60.20 crore
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.