Diffusion Engineers IPO swept through, being subscribed by 2 times, hours within the issue opened for the public. The highest demand was driven by the retail participants, followed by the non-institutional investors. Around 11:30 am, the issue was subscribed 34 times by the retail category investors while the NIIs had subscribed the issue by 1.35 … Read more
Waaree Energies, a leading manufacturer of solar photovoltaic (PV) modules in India, is set to launch its initial public offering (IPO) in October. The company received final regulatory approval from the Securities and Exchange Board of India (Sebi) on September 20, 2024, allowing it to proceed with its ambitious fundraising plans. IPO Structure The upcoming … Read more
The initial public offer (IPO) of KRN Heat Exchanger will open for subscription on September 25. The issue will be available for investors to bid till September 27. Ahead of the issue opening, the company’s shares are trading with a GMP of Rs 240 in the unlisted market, which is a massive 110% premium to … Read more
Auto components maker Uno Minda Ltd on Thursday announced investments of more than Rs 610 crore on setting up a new plant in Indonesia and expanding domestic capacity in India. The company’s wholly-owned subsidiary, PT Minda Asean Automotive (PTMA), has secured additional orders, including orders for long tail lamps for passenger cars from OEMs (original … Read more
Toyota Kirloskar Motor (TKM) Wednesday signed an agreement with the Maharashtra government to manufacture electric and hybrid cars, which Chief Minister Eknath Shinde said would revolutionise the automobile sector in the state. The MoU (Memorandum of Understanding) was signed at Sahyadri Guest House in Mumbai. The company has inked the MoU to examine the setting … Read more
Foreign promoters of Timken India are likely to sell 6.6% of stakes in the company through block deals on Tuesday, according to a term sheet issued by BofA Securities India. The term sheet indicates that the floor price has been set at Rs 3,550 per share, which is a 10.2% discount to Monday’s closing price … Read more
Tata Motors on Wednesday said it will build a cutting-edge vehicle manufacturing facility in Ranipet, Tamil Nadu, at an investment of ₹9,000 crore. The Tata group company signed a memorandum of understanding (MoU) with the Tamil Nadu government to establish the facility, its second plant in southern India. The unit is expected to generate about … Read more
The country’s leading carmaker Maruti Suzuki is looking at transporting more vehicles it makes via railways to cut down costs and reduce emissions in line with the government’s push towards clean mobile solutions. The company, along with joint-venture partners, has invested over Rs 1081 crore to commission the country’s first in-plant railway siding at its … Read more
