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Unitholders also approved the appointment of the Sponsor as the project manager for the operations and maintenance (O&M) of the acquired assets. The resolution was passed with a 96% majority.

Indian stock markets closed higher on July 4 with the Nifty above 25,400 and Sensex up 193 points. Gains in IT, pharma, and defence stocks led the recovery. Global markets remained cautious ahead of US tariff deadline.

The company issued 1.40 crore equity shares to 360 ONE Alternates Asset Management, priced at ₹90 per share, in consultation with the lead bankers. This transaction represents 4.74% of the company’s pre-offer share capital.

Bank of Maharashtra’s CASA deposits for the quarter grew by 14.56% from last year to ₹1.52 lakh crore. The lender’s calculated credit-deposit ratio stood at 79.04% from 78.17% in the same quarter last year.

The project is expected to be developed in the next three years. It offers 340 two and three bed residences, with an aggregate saleable area of approximately 5 lakh square feet, the company said.

Fertiliser and agrochemical makers had two big problems: inventory pile up and pricing pressure. The excess stocks at the dealer level seem to have depleted. Pricing is still tough. Here’s a look at what differentiates one from another.

The proceeds will be used for lending, financing, repayment or prepayment of borrowings, and other general corporate purposes. The issue falls within the company’s ₹2,000 crore shelf limit.

Nitin Aggarwal, Senior Group VP and Head of Institutional Equities at Motilal Oswal Financial Services, believes State Bank of India still has strong growth potential, especially following its recent capital raise.

According to UBS, OMCs stand to benefit from high marketing margins in a stable retail fuel price environment.

Excluding the one-off components, CreditAccess’ loan growth would have been 1.7% year-on-year and 3.1% sequentially.