Following this share transaction, the selling shareholder will have a 60-day lock-up for future sales, subject to certain exclusions.
The company raised ₹2,075 Crore from its promoters by issuing preferential shares. The company successfully raised ₹20,000 Crore, so far.
Market breadth showed 2,246 shares advancing, 1,118 shares declining, and 86 shares remaining unchanged.
Asian markets were mixed ahead of inflation data from China and India.
Arisetty was instrumental in founding Aurm, a business that collaborates with banks and property developers to offer clients safe-deposit vaults.
Among sectors, selling was seen in banking, FMCG, healthcare, and metal stocks
According to BSE data, bids were received for 40,83,95,659 shares in the ₹740-crore initial share sale, whereas 4,37,69,494 shares were offered.
The coupon/interest rate offered is 8.35% per annum.
Suzlon will provide the wind turbines and carry out the project in the Rajasthani district of Fatehgarh
Gangwal sold a 5.8% share in the budget airline in March 2024, lowering his holding to approximately 5.8% at the conclusion of the quarter.
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