The consolidated revenue of the company rose 74% on year to ₹42.06 billion in Apr-Jun.
The GST cess collection was at ₹129.53 billion in July, up 10.0% on year.
According to sources, the deal's floor price of ₹2,180 per share represents a 3.4% discount from the current market price (CMP).
This move intends to allow the respective businesses to follow their unique objectives with greater agility, hence increasing shareholder value.
EBITDA increased by 14.8% to ₹103.4 Crore in the first quarter of this fiscal year, up from ₹90.1 Crore the previous year.
In the first quarter of this fiscal, EBITDA climbed by 16.5% to ₹376.1 Crore, up from ₹322.8 Crore in the previous year.
Following the deal, GAVL will own a 100% share in GTFL, further integrating its operations, the firm stated in a stock exchange filing.
The budget raised the long term capital gains tax on equities from 10% to 12.5%.
Refinery products contracted in June, putting the maximum pressure on core sector growth
Domestic mutual funds were allotted ₹1,117 Crore worth of shares.
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