Auto Sector

The IPO of Aeroflex Industries commenced on August 22nd and concluded on August 24th, featuring a price range of Rs 102 to Rs 108 per share.

On Monday, the rupee had gained 2 Paise against the dollar to close at 82.63.

After falling 0.2% on Monday, the dollar index, which compares the value of the dollar to six significant rival currencies, slid 0.077% to 103.85.

Brent crude had fallen 2 cents to $84.40 per barrel, while U.S. West Texas Intermediate had fallen 3 cents to $80.07.

Petrol and Diesel prices in cities across India on 29-08-2023

For this IPO, the company has set a price band of Rs 94-99 per share, with investors having the option to bid for a minimum of 150 shares in a single lot, and in multiples thereafter.

Sensex Climbs Higher with Realty Sector Surge, FMCG and IT Sectors Lag Behind

The company will invest Rs 900 crore this fiscal year, with the remaining amount spread out over the following three to four years as it transitions from being a pure-play two- and three-wheeler corporation to one that is focused on connected, sustainable, and greener.

The largest engineering company in India has stated that the magnitude of the L&T repurchase would be Rs 10,000 crore.

SoftBank currently owns a 3.35% stake in Zomato, obtained during the Blinkit deal where it sold its holdings to the company