News Overview

Greenlam Industries has become a proud recipient of the Top Exporter of Decorative Laminates award for twelve consecutive years.

The company is already holding a 6.67% equity stake in Great Rocksport Private Limited.

Nifty IT stocks weigh as the index nosedived by nearly 1,400 points. Nifty Bank also dipped by 560 points.

Record date for IDCW is 22 April 2022

The Board of Directors’ fund-raising committee has approved the issue and allotment of 85,559,435 new equity shares through this Institutional Placement.

The company has restarted Urea Production from April 15, 2022 and expected to stabilize production by April 20, 2022.

The Board has approved the issuance of Perpetual Debt Instruments (part of Additional Tier I capital), Tier II Capital Bonds and Long Term Bonds up to a total amount of Rs50,000 crore.

This will result in an increase of Rs10,000 to Rs63,000 on the ex-showroom prices across the range.

The Placement issue price of Rs101.10 per equity share represents a discount of 4.96% to the applicable floor price of Rs106.38 per equity share calculated in accordance with applicable SEBI regulations.

States’ total expenditure is budgeted to increase moderately in FY23, likely to be driven by a significant slowdown in capex (average growth of 21 states is 13.8%), while revenue spending should remain compressed (average: 8.5%).