Monday, May 20 2024 | Time 17:39 Hrs(IST)
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Business Economy


Ramdevbaba Solvent Limited IPO opens on April 15

Nagpur, Apr 11 (UNI) Nagpur headquartered Ramdevbaba Solvent Limited - a manufacturer and distributor of physically refined Rice Bran Oil - on Thursday announced plans to go public with an Initial Public Offering on April 15.
The company aims to raise Rs 50.27 crores at the upper price band through this IPO, with shares set to be listed on the NSE Emerge.
The issue size is Up to 59,13,600 equity shares at a face value of ₹ 10 each, according to a press release.
The net proceeds from the IPO will be utilised to Set up new manufacturing facility, repayment in full or in part, certain outstanding borrowings, funding the working capital requirements and general corporate expenses.
The bidding for the anchor portion will open on April 12. The issue will open on April 15 and close on April 18, , said the release.
The Book Running Lead Manager to the Issue is Choice Capital Advisors Private Limited. The Registrar to the Issue is Bigshare Services Private Limited, the release added. UNI SP SSP.
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Webtec inaugurates new campus; invest Rs 150 cr

20 May 2024 | 5:27 PM

New Delhi, May 20 (UNI) Webtec, a leading rail equipment manufacturer, inaugurated its new manufacturing campus in Rohtak, India, on Monday.

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Wheels India reports strong profit growth in Q4

20 May 2024 | 5:03 PM

Chennai, May 20 (UNI) Driven by a strong product mix, Wheels India on Monday announced that it registered a 64.3 % rise in its Net Profit for Q4 ended 31st March 2024 at Rs.36.8 crores compared
to Rs. 22.4 crores registered in the corresponding quarter of the previous year.

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India Cements turns out better operating performance

20 May 2024 | 4:48 PM

Chennai, May 20 (UNI) With the improved sales volume, India Cements Limited could turn out
a better operating performance and pared the losses for the 4th quarter under review.

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India Cements turns out better operating performance

20 May 2024 | 4:48 PM

Chennai, May 20 (UNI) With the improved sales volume, India Cements Limited could turn out
a better operating performance and pared the losses for the 4th quarter under review.

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Airbus, SIDBI sign MoU for helicopter financing in India

20 May 2024 | 1:48 PM

New Delhi, May 20 (UNI) Airbus Helicopters and Small Industries Development Bank of India (SIDBI) on Monday announced that the two entities have signed a Memorandum of Understanding (MoU) for financing the purchase of Airbus’ helicopters in India.

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