News Overview

The board also authorized a three-year promotion and distribution deal with Novartis Healthcare.

The public issue consists solely of an offer-for-sale (OFS) by existing shareholders, including Kamal Khushlani, Poonam Khushlani, Concept Communication, Bela Properties, Jay Milan Mehta, and Sagar Milan.

Before filing the Red Herring Prospectus (RHP), Motisons had raised Rs 33 crore in a pre-IPO placement.

Inox India, a Vadodara-based company specializing in the manufacturing of cryogenic tanks, is pursuing the IPO to raise Rs 1,459.32 crore through an offer for sale.

Suraj Estate Developers specializes in the development of residential and commercial real estate in the South Central Mumbai region.

Among sectors, the Pharma index rose by 1%, Capital Goods index by 0.7%, Realty index declined by 1%, and Bank index was down 0.5%

The agreement with Tata Capital clears the legacy NPA book held by the ARCs, leaving the current debt at Rs 559 crore secured from Tata Capital

Prominent financial institutions such as Morgan Stanley, HDFC MF, Government of Singapore, Citigroup, and the IMF have acquired a share in the deal.

The move aims to reduce Edelweiss Financial Services' debt and enhance its market value, addressing a net debt of Rs 15,220 crore as of September-end

The investment focuses on manufacturing 59 KMTPA of plastic pipes, 5,300 MTPA of water storage tanks, and 8,900 MTPA of sandwich-molded tanks