The offer will comprise a pure offer-for-sale (OFS), with no fresh issue of shares.
The week also saw India’s forex reserves moderating to less than USD 700bn
Consumer inflation at 2.10% in June, was lower than the consensus estimate of 2.40% as per Reuters
The company added that the securities will be backed through hypothecation and mortgage, creating a subservient charge on assets.
Top gainers in Sensex include Sun Pharma, Bajaj Finance, M&M, Tata Motors.
Together, the two back-to-back deals push RailTel’s new order haul for July past ₹281 crore, underscoring the PSU’s growing heft in railway-focused ICT and safety solutions.
As part of the approved plan, the consortium will make a total payment of ₹919 crore, along with any applicable statutory dues.
The company said that its revenue from operations registered a growth of 22% to ₹957 Crore. In the year-ago period, revenue stood at ₹783 Crore.
With tariff uncertainty still looming, FOMC members were unanimous that status quo was the best choice
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