News Overview

Since the IPO is entirely an OFS, the entire proceeds will go to the existing shareholders.

APAT’s largest plant at Raipur is spread across ~190acres of the total land parcel of over 400acres, with total saleable capacity of 1.2mtpa.

The stated aim is to unlock value vs the existing consolidated entity as it aligns management, strategies and capital structure to meet the specific needs of each business.

APM gas prices are unchanged at US$6.5/mmbtu, as per the Kirit Parekh (KP) committee recommendation.

Since the IL&FS crisis, market access for many NBFCs was either cut-off or had become disproportionately expensive.

After a subdued previous week, the start-up funding scenario more than doubled in the latest week to September 29,2023.

As the name suggests, the UTI Innovation fund would be a thematic fund with a flexi-cap stock selection preference.

Brent futures for December delivery were down 34 cents, or 0.4%, at $90.37 per barrel.

Electric vehicle sales, including international markets, were at 6,050 units.

The IPO will consist of a fresh issue component valued at Rs 325 crore by the company and an offer-for-sale (OFS) of 79 lakh shares by promoter Krishan Lalit Bansal.