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Business Wire India 1 Finance – Official sponsor for KKR This press release is the original post that has been issued because of a change in the multimedia update and some details that are added to the issue, distributed on Friday, March 25, 2022, 6:35 PM IST. Look out for the new game changer on the personal finance and advisory block that is all set to launch […]

The proceeds from its fresh issuance are worth Rs1,400 crore for the repayment or prepayment of borrowings, in full or part of all or certain borrowings for the company and Rs463.90 crore for financing the opening of eight new showrooms besides general corporate purposes.

India is the world’s third-largest energy-consuming country and electricity demand grows by 4.7% each year.

Fitch expects demand for next-generation technology, such as artificial intelligence, 5G, cybersecurity, digital strategy and cloud services, to grow faster than traditional IT services.

The portion reserved for retail investors was subscribed 0.90 times.

Motherson Sumi Wiring India Limited has a strong parentage from Motherson Sumi Systems Limited (33.4% shareholding) and Sumitomo Wiring Systems, Ltd., Japan (25.3% shareholding).

The issue with a face value of Re 1 per equity share consists of a fresh issue of equity shares worth up to Rs 750 crore and an offer-for-sale (OFS) of up to 9,328,358 equity shares by existing shareholders.

We expect Wipro to maintain its net cash position over the medium term, Fitch says.

The company's manufacturing facility in India is situated at Pithampur, Madhya Pradesh, and is currently working at a capacity utilization of more than 70-75% in the current financial year, Sunil Chordia says.

Business Wire IndiaThe Great Place to Work® Certification is a step towards building High Trust, High-Performance Culture that organizations around the globe aspire to achieve to enhance and endorse their Employer Brand.   Aavas Financiers is a Great Place to Work-Certified™ organization in India from March, 2022 to March, 2023 certified by the Great Place to Work® Institute. The Trust Index© employee survey aims to […]