News Overview

Producer inflation in food and other primary articles trended higher in February.

Over 2023, AA ecosystem has expanded significantly – financial institutions registered as FIPs (Financial Institution Providers) has grown >4x from 31 to 147; while FIUs have grown >2x from 142 to +380.

At the time of writing, on day 2, The retail portion of the offer was subscribed at 0.45 times, while Non-Institutional Investors (NIIs) subscribed 0.58 times. The QIB category is subscribed 0.33 times.

As part of the agreement, around 430 people from the company are scheduled to migrate to Eris.

Yes Bank has initiated operations with a restricted user group utilizing the @ptyes identifier.

In the issue, the company offered its shares in the price band of ₹280-295 per share with a lot size of 50 shares. Through the IPO, the company aimed to raise ₹601.55 Crore, which included a fresh issue of ₹250 Crore and an offer-for-sale (OFS) of up to 11,917,075 equity shares.

BAT CEO Tadeu Marroco stated that he is not aiming to dilute any more interest since BAT wants to maintain an impact on the ITC board.

The business also stated that a subsidiary, Hinduja Tech, has inked a formal deal for Creador to spend $50 million to acquire a 19.6% ownership in the company.

Transrail is an engineering, procurement, and construction company with integrated manufacturing facilities for lattice structures, conductors, and monopoles, boasting over four decades of experience in providing comprehensive solutions on a turnkey basis globally.

Assets under management (AUM) reached ₹633.7 Crore in FY23, reflecting a growth of 27.80% over the previous year but experienced a decline of 6.47% compared to FY21 when it was ₹495.8 Crore. For the six-month period ending September FY24, the net profit stood at ₹16.8 Crore, with net interest income at ₹38.65 Crore and total income at ₹88.3 Crore. The AUM during this period amounted to ₹733.7 Crore.