News Overview

Copthall Mauritius Investment Ltd purchased about 1% share for ₹406 Crore, while Ghisallo Master Fund bought 0.80% ownership for ₹316 Crore.

This contract is linked to L&T’s Module Fabrication Facility (MFFK) located in Kattupalli, Tamil Nadu.

On the Nifty, LTIMindtree, Divis Labs, Wipro, and IndusInd Bank led the gains, while Maruti Suzuki, Asian Paints, Adani Enterprises, and Nestle experienced losses.

On another hand, the company logged a net profit of ₹23.9 Crore in the June quarter, down 52.2% from last year's ₹50 Crore.

Link Intime India Private is serving as the registrar for the IPO, while Equirus Capital and IIFL Capital Services are the book-running lead managers.

The IPO includes a fresh issue of 2.87 Crore shares worth ₹1,291.40 Crore and an offer for sale (OFS) of 3.42 Crore shares totaling ₹1,539 Crore.

Its fleet includes more than 12,000 vehicles, ranging from economy to luxury cars, mini-vans, luxury coaches, specialty vehicles like luggage vans, limousines, vintage cars, and accessible vehicles for people with disabilities.

Paytm shares jumped 2.5% on the BSE to a day high of Rs 559.65, while Zomato shares increased roughly 1% to Rs 257.80.

GMR shares, which have outperformed with a 58% gain in the last year, were trading slightly higher at Rs 96 on the BSE.

The agreement also covers the withdrawal of claims for the $90 million termination fee, damages, litigation costs, and other related expenses.