Post the final consultation with lead managers, details like IPO size and pricing will be out.
The deal is in line with the growth and diversification strategy of Primarc Group and will leverage DLF's expertise in asset management.
The agreement was signed as part of the London Roadshows led by Karnataka Industries Minister M.B. Patil.
These pipes will be used in Rajasthan and Jharkhand, with a completion timeline of 40 weeks.
The company is buying 7,914 equity shares at ₹10 each from existing shareholders. After the deal is consummated, DriveX will become a subsidiary of TVS Motor.
The facility is managed by Tata International Vehicle Applications (TIVA) and complies with government guidelines for environmentally safe dismantling.
It comes from non-petroleum sources such as ethanol. Compared to jet fuel, SAF has emitted 80% less greenhouse gas emissions.
The company acquired TCS shares worth ₹8.52 crore, which brought the new stake at 0.0006%.
This partnership is focused on the efficiency, sustainability, and innovation in steel-making processes to be in tune with global trends in green technology adoption.
The orders comprise the supply of towers, hardware, and poles to customers in the Americas and construction of 220 kV transmission lines in the CIS region.

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