Gujarat Gas (GGL) surged 11.91% to close at Rs 678.95 on the BSE after the company’s board approved a restructuring scheme that would eliminate the layered structure of the GSPC Group and unlock value for its various stakeholders.
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VFX company Identical Brains files draft IPO papers with NSE Emerge (02-09-2024)
VFX company Identical Brains Studios on Monday said it has filed preliminary IPO papers with NSE Emerge to raise funds through an initial public offering (IPO).
The Mumbai-headquartered company’s initial public offering comprises a fresh issuance of up to 36.94 lakh equity shares with a face value of Rs 10, through the book-building route, according to the draft red herring prospectus (DRHP).
The firm plans to utilise the proceeds to fund the renovation of the existing office and studio in Andheri; establish Colour Grading Digital Intermediate and Sound Studio set-up at a new branch office in Andheri; establishment of the new branch office in Lucknow; purchase of computers, storage systems and software; further strengthen the existing facilities the company; support the company’s incremental working capital requirements and for general corporate purposes.
Identical Brains Studios offers a comprehensive suite of VFX services in a diverse range of projects such as films, web series, T
Techno Electric ends higher after bagging contract for data centers from RailTel Corp (02-09-2024)
Techno Electric & Engineering Company advanced 2.34% to end at Rs 1660 after the company announced that it been awarded a contract to design, build, finance, operate, and transfer Edge Data Centers (EDCs) by RailTel Corporation of India.
Quick Wrap: Nifty Metal Index declines 1.04% (02-09-2024)
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Benchmarks hit fresh record highs; Nifty ends above 25,250; VIX spurts 4.98% (02-09-2024)
As per provisional closing, the barometer index, the S&P BSE Sensex jumped 194.07 points or 0.24% to 82,559.84. The Nifty 50 index rose 42.80 points or 0.17% to 25,278.70.
India’s manufacturing sector continues strong expansion with 57.5 PMI in August (02-09-2024)
The seasonally adjusted HSBC Manufacturing Purchasing Managers’ Index dropped to 57.5 in August from 58.1 in July. Nonetheless, a score above 50.0 indicates expansion.
L&T carves renewable EPC biz into separate vertical (02-09-2024)
The EPC major’s announced that it has carved out a separate business vertical for Renewable EPC out of its Power Transmission & Distribution business, within its Infrastructure Projects segment.
Financial health of corporates and financial institutions at strongest level in decades in India (02-09-2024)
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Atul Auto hits the roof as total sales rise 9% YoY in Aug’24 (02-09-2024)
Atul Auto hit an upper circuit of 5% at Rs 665.85 after the company’s total sales grew by 8.58% to 2,834 units in August 2024 as against 2,610 units sold in August 2023.
WazirX plans restructuring, seeks white knight; users set to lose 43% funds (02-09-2024)
WazirX customers may get anywhere between 55-57 per cent of funds back