Auto Sector

The IPO comprises a fresh issue of Rs 450 crore and an offer-for-sale of up to 24.12 lakh shares by existing shareholders and promoters.

Foreign Institutional Investors (FIIs) sold equities worth Rs 3,364.22 crore on Thursday

Although the industry will be compelled to take price hikes, analysts of IIFL Capital Services believe the govt will restrict it; given that the elections are looming in some states in the coming months.

Analysts of IIFL Capital Services perceived a risk to the sustainability of low discounts, if any of the larger players lost market share.

According to a BSE notification dated September 28, it will be involved in the importing, warehousing, distribution, and exportation of pharmaceuticals.

The company has fixed the price band at Rs 133 to Rs 140 per equity share

The company stated in a regulatory filing that it had received an income tax assessment order/demand order for the financial year 2019–20 (assessment year 2020–21) with a tax demand and interest.

On 28th September 2023, the United States Bureau of Economic Analysis (BEA) announced the third and final estimate of US GDP for the June quarter (Q2-2023).

Although L&T withheld the precise amount of the order win, it classifies an order as "mega" when its worth exceeds Rs 7,000 crore.

The appointment of Amit Jhingran as the business's MD and CEO with effect from October 1, 2023, was authorized by the Board of Directors at its meeting on September 28th