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New worries about the state of the global economy, according to economists, have impacted investor enthusiasm.

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This contract will be completed over the next 18-24 months.

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Also, the operations at the Company's Paradeep Unit in Odisha has been temporarily shut-down for maintenance work from August 20, 2022.

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Karur Vysya Bank is opening a new branch at Kanuvai, Coimbatore in Tamil Nadu on 24 August 2022. Powered by Capital Market – Live News

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The promoters and selling stockholders are offering up to 1.72 crore shares for sale as part of the first public offering (IPO). There is a minimum bid amount of 46 shares, and bids can be made in increments of 46 shares after that. Subscriptions for the intended primary offering are accepted through Friday, August 26

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The regulatory filings state that because the business model "has not succeeded," the company "has not been able to produce sufficient cash flow from operations or obtain fresh capital and, as a result, is unable to make its various payment commitments and has ceased to be a going concern"

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Shivalik Bimetal Controls rose 5.99% to Rs 540.80 after the company said its board will consider a bonus share issue on 29 August 2022.

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