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Board of Vakrangee to consider fund raising via equity issuance (17-09-2024)
On 24 September 2024
Ceigall India declared L1 bidder for NHAI road project of Rs 1,199 cr (17-09-2024)
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Ceigall India emerges successful bidder for NHAI road project of Rs 1299 cr (17-09-2024)
The company bid project cost of Rs 1,299.20 crore.
PMEA Solar Tech Solutions files for IPO, eyes Rs 600 cr via fresh issue (17-09-2024)
PMEA Solar Tech Solutions has filed preliminary papers with capital markets Sebi to raise funds through an initial public offering (IPO).
The Mumbai-based company’s IPO is a mix of fresh issues of shares aggregating up to Rs 600 crore and an offer for sale (OFS) of up to 1.12 crore equity shares by promoters, according to the draft red herring prospectus (DRHP) filed on Monday.
The company may consider raising up to Rs 120 crore in a pre-IPO placement. If such placement is completed, the fresh issue size will be reduced.
Proceeds from the fresh issue to the extent of Rs 119.55 crore will be used for the setting up of certain manufacturing facilities undertaken through investment in the wholly owned subsidiary PMSS, Rs 120.45 crore for purchase of machinery/equipment; Rs 240 crore for payment of debt and remaining funds for general corporate purpose.
Founded in 2006, PMEA Solar Tech Solutions specialises in solar tracking mounting systems and equipment and has an annual installed ..
Tax change, spike in inflows revive interest in Rs 84,000-crore FoF space (17-09-2024)
Inflows into FoFs at 17-month high in August; ABSL MF files papers for unique FoF offering, more could follow
INR hits one and half month high against US dollar, NIFTY ends at record close (17-09-2024)
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Indices end on a positive note amid US rate cut hopes (17-09-2024)
Domestic equity indices closed with modest gains on Tuesday, driven by anticipation of an upcoming interest rate cut by the Federal Reserve. The Nifty 50 settled above the 25,400 level, despite hitting a low of 25,352.25 earlier in the day.
PN Gadgil jumps 64% on debut; Tata Motors DVR cancellation nears completion (17-09-2024)
Tata Motors DVR sold 11.5 million new ordinary shares on stock exchanges on Tuesday
Northern Arc Capital IPO subscribed 9.98 times (17-09-2024)
The offer received bids for 21.43 crore shares as against 2.14 crore shares on offer.