Posts in category Business Standard
Bharat Highways Invit to float IPO on Feb 28, price set at Rs 98-100 a unit (22-02-2024)
Bharat Highways InvIT, an infrastructure investment trust, on Thursday said it will launch its Rs 2,500 crore Initial Public Offering (IPO) on February 28.
The InvIT's maiden public issue will conclude on March 1 and the price band has been set at Rs 98-100 per unit for the issue, Bharat Highways InvIT said in a statement.
Proceeds from the issue will be utilised to provide loans to the Project SPVs (special purpose vehicles) for repayment of their outstanding loans.
Bharat Highways InvIT is an infrastructure investment trust established to acquire, manage, and invest in a portfolio of infrastructure assets in India and to carry on the activities of an infrastructure investment trust under Sebi's InvIT rule.
Its initial portfolio consists of seven road assets, all operating on HAM (Hybrid Annuity Model) basis, in Punjab, Gujarat, Andhra Pradesh, Maharashtra, and Uttar Pradesh consisting of about 497.292 km of constructed and operational roads.
Additionally, the InvIT has entered
Taylormade Renewable to acquire majority stake in Reciclar Technologies & Memtrix Technologies LLP (22-02-2024)
Reciclar Technologies is a leader in designing and construction of state-of-the-art:
Bank of India announces appointment of Non-Executive Chairman (22-02-2024)
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Nifty February futures trade at premium (22-02-2024)
NSE India VIX drops 4.58% as shares advanced.
Teesta Valley Tea Company reports standalone net loss of Rs 3.64 crore in the December 2023 quarter (22-02-2024)
Sales rise 11.82% to Rs 3.50 crore
Kamarhatty Company standalone net profit rises 89.47% in the December 2023 quarter (22-02-2024)
Sales rise 10.58% to Rs 71.36 crore
Kanak Projects standalone net profit rises 59.52% in the December 2023 quarter (22-02-2024)
Sales rise 31.16% to Rs 4.42 crore
Hong Kong Market closes 1.45% up (22-02-2024)
At closing bell, the benchmark Hang Seng Index surged 239.85 points, or 1.45%, to 16,742.95. The Hang Seng China Enterprises Index spurted 115.68 points, or 2.05%, to 5,758.46.
Quick Wrap: Nifty IT Index gains 1.94% (22-02-2024)
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Sensex climbs 535 pts; Nifty hits fresh life high; VIX drops 4.58% (22-02-2024)
As per provisional closing data, the barometer index, the S&P BSE Sensex jumped 535.15 points or 0.74% to 73,158.24. The Nifty 50 index added 162.40 points or 0.74% to 22,217.45