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Out of the total cost of ₹711 crore, Max Estates will make an upfront payment of ₹284 crore and the balance amount will be paid in eight half-yearly instalments.

Going forward, DAM Capital has 18 IPOs in the pipeline, out of which it is the left lead banker in 12 of them, and four are sole banker IPOs.

Laurus Labs’ revenue increased 16% on a quarter-on-quarter and 18% on a year-on-year basis. The stock has surged in reaction to results.

Asset quality showed some deterioration. Gross Non-Performing Assets (NPA) rose to 2.31% from 1.98% in Q2 FY24. Net NPA increased to 0.91% from 0.75% sequentially.

The stock had exited the F&O ban on Thursday, which means new positions can now be created in the stock.

The decision is in line with a desire to secure lower electricity tariffs, as activists had claimed smaller renewable projects in Sri Lanka were selling power at much lower rates, the AFP report said.

Shares of Orient Cement Ltd ended at ₹332.25, down by ₹1.35 or 0.40% on the BSE.

The benchmark Sensex and Nifty slipped by 0.5% each, while the Nifty Bank index fell 0.4%. In total, 27 Nifty stocks ended in the red, with Trent, SBI Life, and Dr. Reddy’s emerging as the top losers.

The company, which operates more than 209 hospitals across India and Africa, intends to merge its listed subsidiary, Dr. Agarwals Eye Hospital, with the parent company through a share swap within the next 12 months.

Aviation major IndiGo is likely to see a single digit rise in its profitability in the third quarter due to AoG-related costs, which resulted in higher aircraft lease rental expenses, depreciation and financing costs.