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On successful completion of this acquisition, Sundaram Finance’s stake in IMPAL will increase from existing 20% to 24.99%.

This latest contract covers multiple scopes structural construction, interior finishing, and full-scale MEPF (mechanical, electrical, plumbing, and firefighting) work for Sector 07 of the project.

Last week, Bajel Projects also secured a major transmission order from PowerGrid Corporation of India Limited (PGCIL).

The transaction is expected to be completed on or before July 31, 2025, depending on the timelines of each phase.

Its IPO of upto INR 5,400.00 million comprises of both a fresh issue and offer for sale from its existing shareholders/promoters.

The IPO mostly consists of an offer for sale by its promoter entity – HDFC Bank. In addition, it also includes a fresh equity of equity shares.

Tabular alumina is a premium-grade alumina used in critical applications through refractories, ceramics, and advanced manufacturing.

The receipt of the EIR marks the formal closure of the US health regulator’s pre-approval inspection, which was conducted between February 19 and February 25, 2025.

The IPO space saw a positive flow, which further indicated the robust demand for new issuances, with the primary markets receiving INR 9.52 billion.

The Group’s earnings before interest, taxes, depreciation, and amortisation (Ebitda) rose by 8.2%, reaching ₹89,806 crore on an adjusted basis.