The transaction will be made using Security Receipts (SRs). The ARC will subscribe to 91.50% of the Security Receipts.
The regulator's assessment also discovered that the noticee notified the stock exchanges of the resignation of its three directors with delays.
FPIs infused $696 Million into Indian equities in a truncated week with FPI reporting only for 3 days
Several stocks have emerged as top gainers in the Sensex, including Tata Steel, Power Grid Corporation, Tech Mahindra, and HCL Technologies.
According to BSE data, as of 14:43 p.m. The IPO has been subscribed 56.27 times with the NII portion witnessing the maximum demand by being subscribed 123.93 times.
The company may raise an additional ₹140 Crore by private placement, preferential allocation, or rights issue as part of a Pre-IPO placement.
The firm is a real estate developer specialising in high-end, sophisticated lifestyle residential complexes in Mumbai, Maharashtra.
As of March 2024, the company had enabled approximately Rs 1.73 trillion in finance, benefiting more than 10 crore people in India.
It has received orders for 3 further packages, including a 380kV overhead transmission line and a bulk supply 380kV gas-insulated substation.
Contract termination has a negative influence on turnover and proportionate profit due to the number of pending contracts to be executed.

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