Monday, February 5 Apeejay Surrendra Park Hotels IPO opened, and it will close on Wednesday, February 7. Retail and non-institutional investors gave the Park IPO’s second day of sales outstanding responses, resulting in an oversubscribed offer. The subscription status for the Apeejay Surrendra Park Hotels IPO on day one was 2.53 times. The initial public offering…
The Reserve Bank of India (RBI) severely damaged Paytm Payments Bank’s business on Wednesday, January 31, by forbidding the company from providing any of its essential services, such as wallets and accounts, starting in March. Though the action severely restricts the company’s operations, it is not officially a cancellation of Paytm Payments Bank’s license. The…
On January 27, the company announced in an exchange filing that Piramal Enterprises had chosen to sell Shriram Investment Holdings its whole interest for ₹1,440 crore to Shriram Ownership Trust. The company has a share purchase agreement in place to sell all of its 20% fully paid-up equity share capital in Shriram Investment Holdings, which…
Ashok Leyland, one of India’s leading commercial vehicle manufacturers, has received an order from Karnataka State Transport Undertakings to supply 1,225 fully built Viking buses by April 2024. The order is worth an estimated Rs 522 crore. With this latest order, Ashok Leyland has become the preferred brand among Karnataka State Transport Undertakings (STUs), which…
