Ixigo shares will be listed on the BSE and NSE today after raising Rs 740.10 crore through its IPO, including a new share sale of Rs 120 crore and an OFS of over 666 million shares. The stock market begins the week cautiously following last week’s corrections.
Zomato is negotiating to acquire Paytm’s movie and ticketing business, although no final decisions requiring board approval have been made yet. Hindustan Aeronautics Limited (HAL) is in focus as the Defense Ministry seeks to procure 156 Light Combat Helicopters.
Paytm is in the news as Neeraj Arora steps down as Non-Executive Independent Director, with Rajeev Krishnamuralilal Agarwal stepping in. In other news, Wipro has partnered with GBST to provide comprehensive administration services for financial firms transitioning from old IT systems.
Ashoka Buildcon’s long-term bank facilities of Rs 200 crore have been rated CARE AA- /Stable, and its larger facilities of Rs 500 crore have been rated CARE AA-/Stable/CARE A1+. Vodafone Idea is reportedly considering selling its $2.3 billion stake in Indus Towers.
IIFL Finance has completed a special RBI audit and anticipates positive outcomes. The firm reported a 6% decrease in net profits YoY for the March quarter. LIC plans to raise to $6-7 billion by selling assets, including major properties in New Delhi and Kolkata.
TCS faces a legal setback in Texas, receiving an adverse judgement which it plans to contest through appeals, believing it has strong grounds for defence.
