News Overview

Notable 52-week highs on the Sensex are recorded by ICICI Bank, Bharti Airtel, and Sun Pharma.

The proceeds from the IPO will be used for funding ongoing projects, acquiring land for new real estate developments, and general corporate purposes.

Akash Bhansali, Rohit Kothari, and Madhusudan Kela have each invested in IGREL Renewables through their own organisations.

The price band for the IPO is set between ₹163 to ₹172 per share.

It also identified significant dues in customs, service tax, and goods and services tax (GST) as "disputed."

The IPO will involve a fresh issue of 1.55 Crore equity shares, with no offer-for-sale (OFS) component.

According to the announcement, further negotiations are taking place about financing green energy corridors, wind turbine production, and the EV ecosystem, including charging infrastructure.

The IPO is scheduled to open for subscription on September 23 and will close on September 25.

The company is also considering a pre-IPO placement of up to ₹120 Crore. If this placement occurs, the size of the fresh issue will be adjusted accordingly.

TV18 is a publicly traded company that owns a 13.54% stake in Viacom18, which is in the process of merging with Disney Star India.