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This comes after Hyundai Motor India Ltd gained license from financial markets regulator Sebi to conduct an initial public offering (IPO).

Stocks hitting 52-week highs in Nifty include Bajaj Finserv, Hindalco, M&M, and Bajaj Auto.

IDFC Bank and IDFC Capital First announced the completion of their merger in 2018 to form IDFC First Bank.

The company is now venturing into the electric mobility business, with Mehta playing a key role in driving this new phase of expansion.

Zetwerk's energy transition business spans renewable energy, including solar PV module production, battery pack and charger manufacture.

Equirus Capital Private Ltd and DAM Capital Advisors Ltd are serving as book-running lead managers for the IPO.

The floor price for the sale is ₹433 per share, with the base issue consisting of 5.50% equity, corresponding to 1.08 Crore shares.

Hibiscus Trade purchased 20.1 million shares (1.27% stake) between July 30 and September 18, 2024.

Sterling was unchanged at $1.33425. On Wednesday, it reached $1.3430 for the first time since February 2022.

The momentum comes after inbound shipments climbed only 4.8% year on year to 305 tonnes in the first half of this year.