Auto Sector

The confidential filing route was introduced in November 2022 by the markets regulator Secrities and Exchange Board of India (SEBI).

In total, 24 companies participated in the anchor book launched by the company for a day on March 31.

Indian equity markets see strong gains today.

The company said it made amendments to ESOP, which had been approved by both the board and shareholders earlier in the month.

Yubi is a digital platform that connects lenders with prospective borrowers.

The amount will be used to fund the payout for the voluntary retirement scheme (VRA), which is likely to cost over Rs 200 crore.

Aarti Industries’ senior management hosted a 2-day plant visit at Jhagadia and Dahej in Gujarat, along with an insightful interaction with analysts.

Chasing inflows in the last fortnight of March 2023 has been like the last deciding over of T20 cricket match for Bharat Electronics (BHE). From YTD inflows of barely Rs45 billion until early February 2023 to securing Rs165 billion incremental orders in the last few days, BHE is now ahead of its initial guidance, at ~Rs210 billion (9% YoY), despite delays.

The issue comprises fresh issue of equity shares worth Rs 400 crore and an offer for sale of up to 1.33 crore equity shares by a promoter and existing shareholders.

The outcome of the board meet may not have met all the expectations, but it has surely triggered off a thought process among investors about the direction that SEBI wants the Indian capital markets to take.