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The IPO, which opened for public bidding yesterday, has received bids for 15,24,36,771 shares, much exceeding the 2,10,79,384 shares that are available.

The company is collaborating with Kotak Mahindra Capital for the QIP, with more banks expected to join the process.

The hotel will be conveniently located 14 km from Kalaburagi Airport and 6 km from the railway station, with easy access to public and private transport.

In June, reports suggested that Airtel was in discussions with Vodafone Plc to acquire the remaining 3% stake in Indus Towers, as Airtel already owned 49% at the time.

PhonePe expanded its services by leveraging its UPI network to offer insurance, mutual funds, and EDI-based merchant lending, increasing customer loyalty.

According to the statement, the project, which is expected to cost around Rs 1,800 crore, will provide power at a competitive rate.

By 15:13 pm on Tuesday, the second day of subscription, the issue had been subscribed 9.96 times, with bids for 8,90,51,970 shares.

The net NPA ratio stood at 0.98%, slightly higher than 0.90% in the previous quarter, but better than 1.30% in the same quarter of FY2024.

In addition, Ambuja Cements will gain access to an extra 6 MTPA of capacity in Northern India by utilizing Orient Cement's premium limestone reserves in Rajasthan.

Currently, Mazagon Dock shares have a face value of ₹10 each. The board also reviewed a new dividend proposal.