News Overview

The company intends to secure Rs 80 crore through a pre-IPO placement round.

Karur Vysya Bank confirmed the RBI's approval, specifying that HDFC AMC must ensure its aggregate holding in the bank does not exceed 9.5% of the paid-up share capital.

The National Company Law Tribunal (NCLT) granted approval for the merger in August, dismissing objections from various creditors against Zee

The IPO, featuring shares with a face value of Rs 10, exclusively comprises a fresh issue of equity shares, targeting proceeds of up to Rs 1,800 crore.

The company signed a power-purchase agreement with GRIDCO, an Odisha state power undertaking, for the purchase of 400 MW generated through thermal power plants in Jharsuguda and Sambalpur.

The order includes 55-seater BS VI diesel buses equipped with iGen6 technology, showcasing a powerful 147 kW (197 hp) H-series engine and a focus on passenger comfort

The company plans to utilize the proceeds from the fresh issue, amounting to Rs 240 crore, for debt repayment, with an additional Rs 10 crore allocated for the purchase of electric vehicles.

Kiran Mani previously oversaw Google’s Android operations in the Asia Pacific region and will lead technology development and partnerships with Hollywood studios for JioCinema

Sterling and Wilson Renewable Energy Limited (SWRE) has been notified of the award for the 300 MWac EPC project of NTPC Renewable Energy Limited (NTPC REL) at Khavda RE Power Park, Rann of Kutch in Gujarat.

The IPO comprises a fresh issue of Rs 450 crore and an offer-for-sale of up to 24.12 lakh shares by existing shareholders and promoters.