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Aegis Vopak Terminals is set to raise 3,500 crore through equity. The funds will be used to repay debt and expand operations. The IPO will dilute promoter holdings. Recent financials show strong revenue and profit growth. Expansion plans at Mangalore and Pipavav ports are underway. The company's valuation is currently high but expected to normalize after debt repayment.
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News and Media
Listed broking firms faced significant profit declines in the March quarter due to stricter regulations imposed by SEBI, including the scrapping of popular derivative products and reduced trading activity following a stock market downturn. These regulatory changes, such as uniform fee structures and true-to-label norms, impacted retail participation and increased transaction costs.
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News and Media
JSW Steel wants its money back. The company has asked banks for a refund related to its Bhushan Power and Steel resolution plan. This follows a Supreme Court decision that ordered BPSL's liquidation. JSW Steel also wants a 60-day delay in the liquidation process. The company is exploring its legal options after the court's ruling.
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News and Media
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