Auto Sector

The floor price for the sale is ₹433 per share, with the base issue consisting of 5.50% equity, corresponding to 1.08 Crore shares.

This comes after Hyundai Motor India Ltd gained license from financial markets regulator Sebi to conduct an initial public offering (IPO).

According to the NSE's bulk deal data, Highdell Investment sold 40.76 lakh shares, representing an 8.64% ownership in Cartrade Tech.

This factory is planned to be operational by the calendar year 2027, serving both domestic and foreign markets.

Furthermore, the platform will be an open system, allowing for seamless connection with FinTech firms and Bancassurance partners.

The proposed merger of Cavendish Industries and JK Tyre is subject to approval from regulatory bodies, stock exchanges.

TVS Holdings, formerly Sundaram Clayton Ltd SCL, is an auto component manufacturer headquartered in Chennai and a subsidiary of the TVS Group.

During the April-June quarter, the company's gross debt climbed by 16% while its net debt increased by 29% sequentially.

Following this deal, Samvardhana Motherson will be REE's exclusive partner in managing the complete supply chain.

The QIP proceeds will strengthen the company's capital structure to support its organic and inorganic growth goals.