Adani Energy Solutions plans $360-million US bond issuance
November 13th, 2023 23:27
"We are looking for a private placement of $360 million of transmission assets which were commissioned in the last three to four years. That is a size of $360 million, transactions and paperwork all are underway," Rohit Soni, chief financial officer, AESL told analysts on the company's Q2 earnings call.
Tata Technologies IPO to open for subscription on November 22
November 13th, 2023 23:27
This IPO is entirely an offer for sale of up to 6.08 crore equity shares for cash, which has been reduced from 9.57 crore shares earlier. Under the OFS, parent Tata Motors will sell 4.62 crore shares, Alpha TC Holdings will offload 97.1 lakh shares and Tata Capital Growth Fund will give up 48 lakh shares.
Grasim Industries Q2 Results: Profit rises 15% YoY to Rs 1,164 crore
November 13th, 2023 21:27
Revenue from operations in the reporting period rose 10% to Rs 30,221 crore against Rs 27,486 crore in the corresponding period of the previous year. The revenue growth was driven by the performance of key subsidiaries -- UltraTech Cement and Aditya Birla Capital. However, softening of realisations in Caustic Soda impacted the standalone performance.
Federal Bank's arm Fedfina, IREDA get nod from Sebi to float IPOs
November 13th, 2023 20:30
Going by the draft papers, the IPO of Fedbank Financial Services Ltd (Fedfina) consists of a fresh issue of equity shares aggregating up to Rs 750 crore and an offer for sale (OFS) of 7.03 crore equity shares by promoter Federal Bank and existing shareholder True North Fund VI LLP.
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