Recommendation: Reduce; Target Price: Rs 170
The funding aims to boost Sri Lanka's economic growth and enhance its regional economic integration, particularly with India, as stated by the DFC
At the same time in the previous fiscal year, Apollo Tyres reported a consolidated net profit of Rs 179.39 crore in a regulatory filing.
The entire proceeds from the IPO, excluding IPO expenses, will go to selling shareholders
The IPO, valued at Rs 834 crore, comprises only an offer-for-sale of 2.95 crore equity shares by the Rathee family
Energy and oil & gas sectors lead the gains, up by 0.5% and 1%, respectively
The company is collaborating with reliable partners in the UK, Spain, and France to initiate commercial operations by mid-2024.
The Uttarakhand Power Corporation Limited (UPCL) plans to acquire this power at a tariff of Rs 2.57 per unit from SJVN's 1,000 MW Bikaner Solar Project.
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