ArisInfra Solutions Ltd., a Mumbai-based supplier of construction materials, has received the much-awaited approval from the Securities and Exchange Board of India (SEBI) to raise Rs 600 crore through its upcoming Initial Public Offering (IPO). The company, which specializes in B2B (business-to-business) services for the real estate and infrastructure sectors, is now all set to move forward with…
In a notable development, Vedanta Ltd, under the leadership of Anil Agarwal, has received approval from its board to proceed with an Offer For Sale (OFS) of its 2.6% stake in Hindustan Zinc (HZL). The board’s decision authorizes the sale of up to 110 million equity shares of Hindustan Zinc, a move that is set to raise approximately ₹6,450 crore at the current share price of ₹586.00 on the…
Chennai Petroleum Corporation Ltd (CPCL), a prominent subsidiary of Indian Oil Corporation (IOC), has reported notable enhancements in its financial performance and operational efficiency for the fiscal year 2024 (FY24). The company achieved a significant increase in margins, thanks largely to its strategic focus on processing cost-effective crude oil. This achievement underscores CPCL’s…
