Minister for Municipal Administration K.N. Nehru launched the annual special sale for Deepavali festival season at Co-Optex showroom here on Tuesday. Mr. Nehru inaugurated the festival sale at “Pothigai”, the Co-Optex showroom near the Central Bus Stand. Collector M. Pradeep Kumar, Mayor M. Anbazhagan, and Corporation Commissioner V. Saravanan were present. According to a press … Read more
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India’s Adani Energy Solutions raised $1 billion through a share sale, which got bids from U.S. investors and sovereign wealth funds, the power distribution company said on Monday. The qualified institutional placement (QIP) was the Adani Group’s first fundraising from equity markets after a $2.5 billion share sale was scrapped in February last year. The … Read more
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Adani Energy Solutions, led by billionaire Gautam Adani, is likely to launch a share sale this week to raise more than $600 million, two sources with direct knowledge of the matter told Reuters on Monday. The sale of existing shares will be Adani Group’s first fundraise from equity markets after a $2.5 billion share sale … Read more
Solid surface manufacturer Durlax Top Surface plans to raise around Rs 40.80 crore through its initial public offer which will open for subscription on June 19, a statement said on Monday. The company, which has been involved in the business of solid surface for over a decade, has received approval to launch its public issue … Read more
Engineering and construction company Deepak Builders & Engineers India Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering. This is the first company to file the draft papers with Sebi for floating a maiden public issue in the current financial year (2024-25). The initial public offering … Read more
Zinc oxide manufacturer JG Chemicals on Thursday fixed a price band of Rs 210-221 apiece for its Rs 251-crore Initial Public Offering (IPO). The initial share sale will open for public subscription during March 5-7 and the bidding for anchor investors will open for a day on March 4, the company said. The Rs 251.2-crore … Read more
Mumbai: Union Bank of India has put on sale nonperforming assets (NPAs) worth ₹1,217 crore and the bank is looking to recover ₹1,012 crore, targeting 80% recovery on the sale of loans. The portfolio on sale comprises 16 accounts, including advances to Gammon India, Supertech Realty, Hotel Horizon, and ACCIL Corp. Prospective buyers have until … Read more