News Overview

Despite the Fed cutting rates aggressively by 50 bps, the RBI has chosen to continue to sit on the fence

In constant currency (CC), the company's revenue for the quarter was Rs 3,062.3 crore, up 33% year over year and 26.3% quarter over quarter.

The acquisition is part of Mahindra Lifespaces' collaboration with Actis, a global investor in sustainable infrastructure, expanding its industrial real estate portfolio.

According to the corporation, the preferred issue will increase its net worth from approximately Rs 11,155 crore to over Rs 12,680 crore.

The money will be used to meet the company's capital expenditure needs as it grows to take advantage of the vast global potential.

The IPO comprises a fresh equity issue worth ₹325 Crore and an Offer for Sale (OFS) of 65.27 lakh shares, valued at ₹230 Crore, leading to a total IPO size of ₹555 Crore.

The company aims to use the net proceeds from the IPO towards repayment of debts, for working capital requirements and other general corporate purposes.

TVS Motor Company stock has gained a total of 60% in the last one year, and 24% since the beginning of the year.

Despite the ban in the F&O segment, these stocks can still be traded in the cash market.

The IPO of Waaree Energies Limited was opened for subscription from October 21 to October 23, 2024.