Procurement and processing agent Vasuki Global Industries is planning to raise funds via initial share sale going ahead as it has filed draft papers with the capital markets regulator SEBI. As per the preliminary papers filed on March 28, the IPO comprises only a fresh issue of 1.4 crore equity shares by the company, with no offer-for-sale component.
Open FlipIndia’s foreign exchange reserves rose for a fifth straight week to hit a record high of $642.63 billion as of March 22, data from the central bank showed on Friday. The reserves jumped by $139 million in the reporting week. Changes in foreign currency assets, expressed in dollar terms, include the effect of appreciation or depreciation of other currencies held in its reserves.
Open FlipMetro Brands Limited (MBL), has announced the extension of its partnership with Crocs India Limited (CIL), a world leader in innovative casual footwear. The renewal is sealed through a retail partnership agreement, with few changes in agreement terms, most important being granting MBL exclusive rights to operate and own Crocs “full price” stores across the western and southern states in India.
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