Ahmedabad-based Dev Accelerator intends to spend ₹73.1 crore of the net IPO funds for fit-outs in the proposed centers. Further, ₹35 crore will be utilised for repayment of borrowings and the remainder proceeds for general corporate purposes.
In the FIR, Gameskraft alleged that Prabhu “dishonestly” siphoned off funds amounting to ₹270.43 crore over nearly five years and used these funds for his own trading activities without the company’s authority, consent, or approval.
Markets are awaiting the US Federal Reserve’s policy decision, with a 25-basis-point rate cut widely expected.
Drew Pettit, Director of US Equity Strategy at Citi said that the firm is broadly underweight on emerging markets, preferring a barbell strategy of US mega-cap growth and European value stocks. Within emerging markets, the firm favours China and South…
In the domestic market, the price of 24 karat gold stood at ₹11,171 per gram, while 22 karat gold traded at ₹10,240 per gram, according to Goodreturns data. Prices for 18 karat gold were at ₹8,378 per gram.
Lupin said the US Food and Drug Administration (USFDA) conducted an inspection at the facility between September 8 to September 16 and that the company will address the observations within the stipulated timeframe.
CNBC-TV18 had reported on Tuesday that promoters of Gujarat Fluorochemicals intend to sell up to 13 lakh shares in the company, and the floor price of the block deal has been fixed at ₹3,500 per share.
Shringar House of Mangalsutra’s IPO had seen strong investor interest during its three days of public bidding. The issue of the company was subscribed more than 60 times its offer size between September 10 and September 12.
Urban Company IPO Listing: Beyond the immediate listing pop, Urban Company offers a compelling long-term structural story and serves as a proxy for the growing demand in the home services segment, analysts said.
The DFS secretary, M Nagaraju, also clarified that there is no proposal before the Centre to reduce its stake in PSU Banks below 51%.