Thu, Sep 5, 2024 9:43 PM
Average long-term US mortgage rates holds at 6.35% this week
A Flip by Shubhangi Gupta
The initial public offering (IPO) of Kross Ltd., which opened for subscription on Monday, was subscribed 1.4 times so far on Tuesday, the second day of the bidding process. Around 11:45 am, the highest demand was driven by the retail investors, booking the issue by 2.34 times, followed by the non-institutional investors, subscribing to the issue by 1.13 times.
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Time Technoplast Limited has secured a significant contract from a reputable government-owned Oil Marketing Company (OMC) to supply Type IV CNG/CBG Mobile Storage Cascades. The total basic value of this order is approximately INR 67.21 crores. The order was awarded domestically and is expected to be executed within 10 weeks from the date of the purchase order or call-off.
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In a recent strategic move, the promoters and promoter group of GACM Technologies have announced their intention to increase their stake in the company by up to 13 per cent within the year. This decision underscores the promoters' unwavering confidence in the company’s growth potential and their commitment to enhancing shareholder value.
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