Auto Sector

NewCo is a subsidiary of M&M.

The public issue comprises only a fresh issue, and there is no offer for sale portion.

The company has fixed a price band of Rs 33-35 per share and investors can bid for 428 shares and in multiples thereof.

With this acquisition, M & M's stake in M.I.T.R.A is now 100%.

MTAR Technologies (MTAR) is on track to deliver 50-55% CAGR in revenues/EBITDA/PAT during FY23- 25, driven by consistent increase in wallet share and deepening of scope in BE’s stationary energy servers, in its Clean Energy segment.

The central government has signed MoUs with 27 steel companies under the first PLI scheme for specialty steel with committed incentive of Rs63 billion.

The investment strategy of the Scheme will be to invest in a basket of securities forming part of Nifty 100 Low Volatility 30 Index in similar weight proportion.

In conversation with Sheetal Agarwal of IIFL, management of this agritech company explains the company's business model, macro opportunity landscape and future plans.

Renault-Nissan cars manufactured at Chennai will be exported from Kamarajar Port.

The investment objective of the Scheme is to generate returns that are in line with the performance of the underlying scheme, subject to tracking error.