The company has declared an interim dividend of ₹8.5 per share compared to ₹7.5 per share of interim dividend declared last fiscal year. Synopsis The revenues for the quarter grew nearly 10% while the net profit rose 16.5%. Both the domestic and US markets reported double-digit growth in revenues. The operating margin (Ebitda margin) rose … Read more
Mumbai: Niva Bupa Health Insurance, formerly known as Max Bupa Health Insurance, is gearing up for an initial public offering (IPO) of ₹3,000 crore, as per banking sources. The company, a joint venture between UK-based Bupa and the domestic private equity firm True North, has engaged investment bankers, such as Kotak Mahindra Capital, ICICI Securities, … Read more
Mumbai: Tata Consumer Products Ltd (TCPL) is set to announce a ₹3,500 crore rights issue after seeking board approval to fund its acquisitions of Capital Foods and Organic India pegged at ₹7,000 crore. The company, which announced the deals late last week, can move beyond commodities into fast-growing, high-margin, value-added food segments with the strength … Read more
Mumbai: Creditors to Gayatri Projects (GPL), promoted by former Rajya Sabha MP T Subbarami Reddy, have voted to initiate liquidation proceedings against the company after rejecting the only bid from private equity fund Mark AB Capital Investment LLC, people familiar with the matter said. Mark AB was offering a total of ₹650 crore, of which … Read more
Shares of AIK Pipes And Polymers listed at a premium of 12.36% on the BSE SME platform on Tuesday. The stock debuted at Rs 100 as against an issue price of Rs 89. Ahead of the listing, the company’s shares commanded a premium of Rs 5 in the unlisted market. The Rs 15 crore IPO … Read more
Jamshedpur-based Kross Ltd has filed a draft red herring prospectus with the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO) of shares. The Rs 500 crore worth IPO comprises fresh issue worth up to Rs 250 crore, and an offer for sale aggregating upto Rs 250 crore … Read more
