Auto Sector

Markets see steep rise in the last 30 minutes.

The interim dividend will be paid to the shareholders whose names appear on the register of members of the company on record date.

The backers of first fund, Abu Dhabi Investment Authority, Singapore's GIC and family office Premji Invest have committed to invest in the second fund also.

Bonds will be issued on private placement basis.

The proposed IPO will comprises fresh issue of shares worth Rs 275 crore and an offer-for-sale of up to 8.50 million shares by the company's existing shareholders and promoters.

The company has asserted that all debts in which shares of promoters were collateral have been paid back.

The company is planning to raise Rs 300 crore through a fresh issue of equity shares and an offer for sale of up to 8.94 million shares by its promoter.

Rupee opened at 82.26 / dollar.

The recent amendment on REIT taxation offers relief to unitholders, with ‘repayment of capital’ effectively being taxed at a lower rate, and on the sale of units. This will improve EOP’s FY24/25 post-tax yield by at least ~70 basis points.

The investment objective of the Scheme is to provide returns before expenses that correspond to the returns of Nifty 8-13 yr G-Sec Index.