The company announced on Thursday, that Aditya Birla Fashion and Retail plans to raise Rs 750 crore on or after September 4 through debt bonds. According to a regulatory filing by Aditya Birla Fashion and Retail (ABFRL), the business would raise money through a private placement. "The Company proposes to raise funds by issuing 75,000 [...]
State-owned SAIL on Thursday said it has supplied 4,000 tonnes of steel plates for the construction of the seventh frigate ship as part of the P17A project of the Indian Navy. The P17A Project comprises the construction of seven ships, of which six have been launched between September 2019 and August 2023. In a statement [...]
Jupiter Life Line Hospitals, a multispecialty hospital network, announced on Friday that it has set a price range of Rs. 695-735 per share for its Rs. 869-crore initial public offering (IPO). The company said the initial share sale will open for public subscription during September 6-8 and the bidding for anchor investors will open on [...]
The winning bidder, Jalan Kalrock Consortium, announced on Thursday that it has invested an additional Rs 100 crore in Jet Airways, bringing its total investment in the airline to Rs 250 crore. "JKC confirms to have deposited Rs 100 crores in Jet Airways in less than 48 hours of the NCLAT allowing implementation of the [...]
Verlinvest Asia Pte Ltd, an investment firm, sold a 12.56 per cent stake in the wine manufacturer Sula Vineyards on Thursday for Rs 513 crore in an open market deal. Following the stake sale, shares of Sula Vineyards declined 3.62 per cent to close at Rs 490.30 apiece on the NSE. According to the bulk [...]
BSE said on Thursday that the recently demerged entity from Reliance Group Led by Mukesh Ambani, Jio Financial Services will be dropped from all S&P BSE indices from September 1 prior to trading open. Earlier, the stock was slated to be removed from the indices on August 24. Later, it was postponed to August 29. [...]
Following the industry wide and to an extent the sector wide trend of premiumization to drive margin expansions, Hero Electric has stated on Thursday that it is diversifying into the premium segment through the A2B brand to create differentiated brands to cater to multiple segments in the electric mobility space. Under this brand the company [...]
Zydus Lifesciences on Thursday said it has received approval from the US health regulator to market a generic product to treat acne in the American market. The drug firm has received final approval from the US Food and Drug Administration (USFDA) for Isotretinoin Capsules USP (10 mg, 20 mg 30 mg and 40 mg), it [...]
According to the Draft Red Herring Prospectus of Jupiter Life Line Hospitals subscription will open on September 6 and the three day initial public offering (IPO) will conclude on September 8 and the bidding for anchor investors will open on September 5. The hospital chain operates in Thane, pune, Indore under the “Jupiter” brand with [...]
Amazon on Thursday said it has signed an agreement with India Post to simplify cross-border logistics for MSME exporters. Minister of State for Science and Technology Jitendra Singh unveiled a postal stamp to commemorate a decade of partnership between India Post and Amazon at the e-commerce company's Sambhav Summit 2023. At Amazon’s E-commerce SMBHAV Summit [...]
