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The IPO comprises a fresh equity issue worth ₹325 Crore and an Offer for Sale (OFS) of 65.27 lakh shares, valued at ₹230 Crore, leading to a total IPO size of ₹555 Crore.

TVS Motor Company stock has gained a total of 60% in the last one year, and 24% since the beginning of the year.

The acquisition is part of Mahindra Lifespaces' collaboration with Actis, a global investor in sustainable infrastructure, expanding its industrial real estate portfolio.

This order involves the development of an integrated claims management solution portal and mobile application, set to be completed by June 14, 2030.

Despite the Fed cutting rates aggressively by 50 bps, the RBI has chosen to continue to sit on the fence

According to the corporation, the preferred issue will increase its net worth from approximately Rs 11,155 crore to over Rs 12,680 crore.

The company aims to use the net proceeds from the IPO towards repayment of debts, for working capital requirements and other general corporate purposes.

Top gainers in Sensex include UltraTech Cement, SBI, M&M, HDFC bank. Top losers include HUL, Nestle, Maruti Suzuki, ITC.

The money will be used to meet the company's capital expenditure needs as it grows to take advantage of the vast global potential.

In constant currency (CC), the company's revenue for the quarter was Rs 3,062.3 crore, up 33% year over year and 26.3% quarter over quarter.