News Overview

On the positive side, Nifty FMCG, consumer durables, and oil & gas sectors continued to perform well, each gaining over 1 %

The acquisition was finalized on December 18, 2023, according to US time

Motisons Jewellers plans to raise Rs 151.09 crore from the IPO, which solely comprises a fresh issue of 2.74 crore shares.

The bonds scheduled to be issued (after the Company accepts bids) under the Series XV-C issuance have a tenor of ten years.

The project was considered after the PSU oil refiner, BPCL, abandoned its Rs 11,130 crore polyols project in February 2022

Due to the unavailability of iron-ore fines, the business had ceased operations at Pellet Plant Unit (The Plant) with effect from December 12, 2023.

The project's total cost is Rs 123.36 crore, and it has been awarded to the joint venture between KRDCL and RVNL.

The price band for the issue was set at Rs 808-850 per share.

Astral's sales for the July–September quarter increased 16.3% to Rs 1,363 crore, while its net profit nearly doubled year over year (YoY) to Rs 131.2 crore.

The Company has obtained in-principle permission from the BSE Limited and the National Stock Exchange of India Limited for the issuing of preferential equity shares