The offer will comprise a pure offer-for-sale (OFS), with no fresh issue of shares.
Top gainers in Sensex include Sun Pharma, Bajaj Finance, M&M, Tata Motors.
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.
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.
With tariff uncertainty still looming, FOMC members were unanimous that status quo was the best choice
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.
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