News Overview

The company stock was bullish touching a high of Rs929.70 on Wednesday morning.

Record date for IDCW is 04 April 2022

Metal and auto stocks will be in focus as companies will present their monthly production and sales data in the first week of April 2021.

The company stated that a meeting of the Board of Directors of the Company is scheduled to be held on Thursday, April 21, 2022, in Mumbai.

With effect from 29 April 2022

The Share Capital of the company will reduce from over Rs940 crore to ~Rs37.61 crore, by reducing the face value of the equity shares of the Company from the existing Rs10/- per share to Rs4/- per share.

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The SBI has underwritten the entire debt requirement of Rs12,770 crore for the NMIA Project, the company said.

Shradha Suri has over 23 years of experience in the automotive sector and corporate management.

The preferential issue will be upto 16,55,172 Equity Shares with the face value of Rs10 per share at an issue price of Rs145 per share.