Shyam Metalics & Energy | The steel maker on Tuesday launched its Qualified Institutional Placement (QIP) with a base issue size of ₹1,152 crore. The company is eyeing an increased issue size of ₹1,385.3 crore, incorporating the green shoe option. The indicative price for the QIP is set at a discount of 10.4% to the closing price and 3.6% to the SEBI floor price.
Hero MotoCorp | The two-wheeler maker on Tuesday reported a 5% rise in its total sales at 54.99 lakh units in 2023 as compared to 52.47 lakh units sold in the previous year. In December 2023, total sales were marginally down at 3,93,952 units as against 3,94,179 units in the year-ago month.
DMart | Avenue Supermarts on Tuesday reported a 17.18% increase in its standalone revenue from operations to ₹13,247.33 crore. In the third quarter ended on December 31, 2023, the company had revenue from operations of ₹11,304.58 crore in the October-December quarter a year ago, according to a quarterly update by Avenue Supermarts.
Bank of Maharashtra | The sate-owned bank on Tuesday said for the third quarter of FY24, the bank’s total business reached ₹4.35 lakh crore, marking a 19% increase compared to the year-ago period. Total deposits for the quarter stood at ₹2.46 lakh crore, reflecting an 18% year-on-year (YoY) rise from ₹2.08 lakh crore, the bank said in a regulatory filing.
Hindustan Zinc | The Vedanta Group firm on Tuesday said its mined metal production has reached 271 kilo tonne, indicating a 7% year-on-year growth and an 8% quarter-on-quarter increase. This growth was attributed to a mix of improved mined metal grades and higher ore production at the Rampura Agucha and Sindesar Khurd mines, according to a stock exchange filing.
Mahindra Finance | The company on Tuesday said the company’s disbursements for December 2023 were estimated to be around ₹4,900 crore, marking a noteworthy 5% increase over the same period in the previous year. The trend of growth persisted throughout the third quarter of FY2024, with disbursements reaching approximately ₹15,500 crore, indicating a strong 7% year-on-year growth.
Muthoot Finance | Gold loan company on Tuesday unveiled its 33rd series of public issue of secured redeemable non-convertible debentures (NCDs) with a face value of ₹1,000 each. The base issue size is set at ₹100 crore, with an option to retain oversubscription up to ₹900 crore, aggregating up to a tranche limit of ₹1,000 crore.
Birlasoft | IT services company on Tuesday announced the appointment of Manjunath Kygonahally as chief executive officer (CEO) for the rest of the world (RoW) region, effective January 2, 2024. He will be based in the UK. Kygonahally would be responsible for all business and strategic growth initiatives in the RoW region, comprising all regions outside of the Americas.
VST Industries | Radhakishan Damani acquires another 2.22 lakh shares in the company via block deals. SBI Mutual Fund was the other buyer in the block deal.
Omprakash Tiwary is a business writer who delves into the intricacies of the corporate world. With a focus on finance and economic landscape. He offers readers valuable insights into market trends, entrepreneurship, and economic developments.
