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Tech Mahindra Shares Rise as Company Sells 103-Acre Land in Hyderabad to Mahindra University for Rs 535 Crore

Tech Mahindra Shares Rise as Company Sells 103-Acre Land in Hyderabad to Mahindra University for Rs 535 Crore

/ Indian Market /

Tech Mahindra’s shares saw an increase of over 2% on August 20 after the company’s management approved the sale of a 103-acre land parcel in Hyderabad to Mahindra University. The deal, valued at Rs 535 crore, includes land and buildings with a total built-up area of approximately 1.26 million square feet spread over 17 buildings

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Axiscades Technologies' Shares Surge 6% After Subsidiary Secures Contract with British Energy Firm

Axiscades Technologies’ Shares Surge 6% After Subsidiary Secures Contract with British Energy Firm

/ Indian Market /

Shares of Axiscades Technologies climbed over 6% on August 20 after its subsidiary, Epcogen, secured a long-term contract with Highview Power Limited, a UK-based energy storage technology company. At 2 PM, the stock was 2.1 percent higher at Rs 554 on NSE against the previous close of the session. Epcogen has won another large deal,

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ADF Foods Shares Surge Over 7% Following Rs 100 Crore Block Deal

ADF Foods Shares Surge Over 7% Following Rs 100 Crore Block Deal

/ Indian Market /

ADF Foods shares jumped over 7% on August 20, following a significant block deal worth approximately Rs 100 crore. The stock opened with a 3.68% gain and reached an intraday high of Rs 242.85 per share on the Bombay Stock Exchange (BSE). According to CNBC-TV18, the sharp rise in its share price can be attributed

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Poly Medicure Launches QIP to Raise Rs 1,000 Crore, Targets Expansion

Poly Medicure Launches QIP to Raise Rs 1,000 Crore, Targets Expansion

/ Indian Market /

Poly Medicure has initiated a Qualified Institutional Placement (QIP) aiming to raise Rs 1,000 crore, according to sources cited by CNBC-TV18. The QIP is expected to result in an equity dilution of approximately 5.54 percent, relative to the company’s pre-issue outstanding capital. The shares would be issued at a price range of Rs 1,850 to

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Hi-Tech Pipes Approves Fundraising Plan of Rs 600 Crore via Multiple Avenues

Hi-Tech Pipes Approves Fundraising Plan of Rs 600 Crore via Multiple Avenues

/ Indian Market /

Hi-Tech Pipes has announced that its board of directors has approved a plan to raise Rs 600 crore through the issuance of various securities. The fundraising will be carried out through multiple channels, including private placements, qualified institutional placements (QIP), follow-on public offerings, or rights issues, according to an exchange filing by the company. The

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Government Reduces Windfall Tax on Crude Oil to Rs 2,100 per Tonne

Government Reduces Windfall Tax on Crude Oil to Rs 2,100 per Tonne

/ Indian Market /

It reduced the windfall tax, also known as special additional excise duty, on domestically-produced crude oil to Rs 2,100 per tonne from Rs 4,600 per tonne earlier. This reduction in duty is part of the fortnightly review undertaken by the government in the special additional excise duty, also known as the windfall tax. The windfall

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Sebi Clarifies No NOC Request from NSE for IPO, Points to Exchange's Delay

Sebi Clarifies No NOC Request from NSE for IPO, Points to Exchange’s Delay

/ Indian Market /

The Securities and Exchange Board of India (Sebi) informed the Delhi High Court on Wednesday that the National Stock Exchange (NSE) has not submitted a fresh request for a no-objection certificate (NOC) for its planned Initial Public Offering (IPO). This clarification came in response to a writ petition seeking to expedite the NSE’s IPO process.

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Interarch Building Products Raises Rs 179.5 Crore from Anchor Investors Ahead of IPO Launch on August 19

Interarch Building Products Raises Rs 179.5 Crore from Anchor Investors Ahead of IPO Launch on August 19

/ Indian Market /

Interarch Building Products, a leading provider of pre-engineered steel construction solutions, has successfully mobilized Rs 179.5 crore through its anchor book on August 16, ahead of its upcoming Initial Public Offering (IPO) set to open on August 19. Notable institutional investors like ICICI Prudential Mutual Fund, Whiteoak Capital, Mirae Asset, Pinebridge Global Funds, LC Pharos

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