News Overview

The company sold its shares for ₹163-172 per share. Western Carriers' post-listing market capitalisation is expected to be ₹1,754 crore.

For Vi, in 2019, the Supreme Court upheld the Department of Telecom's AGR demand, resulting in a burden of ₹58,000 crore.

With a higher year-ago base, the maximum gains in WPI inflation came from the food basket

The BSE Midcap Index is down by 1.45%, and the BSE Smallcap Index has seen a decline of 1.77%

In addition to tapping into its 5,100-plus service centres in 2,300 cities, the country's leading carmaker is in talks with oil marketing companies (OMCs) and energy companies

ABCL’s consolidation aims to improve operational efficiency, simplify processes, and enhance capital allocation across subsidiaries, benefiting shareholders.

According to the draft papers, the corporation will only issue new shares, and current shareholders will not sell their stakes.

IPO proceeds will be used to fund ₹120 Crore for working capital, ₹30 Crore for acquisitions to support inorganic growth, and general corporate purposes.

The NFO is available for subscription from September 17 to September 24.

This QIP permits them to raise capital by issuing new shares to institutional investors such as banks and mutual funds.