Power transmission and distribution solution provider GE T&D India Ltd's promoters, Grid Equipments Private Ltd and GE Grid Alliance B.V. (formerly Alstom Grid Holding B.V.), announced a proposed offer for sale (OFS) on Wednesday (September 18). The floor price of the offer will be ₹1,400 per equity share. The OFS involves up to 11.7% of the company’s equity share capital.
Open FlipThe Union government said it will soon launch a Rs 1,000-cr credit guarantee fund to increase lender confidence in pledge financing against electronic Negotiable Warehouse Receipts for farmers and traders using WDRA-registered warehouses. Food Secy Sanjeev Chopra told reporters at New Delhi on Sept 18 that the fund, with a corpus of Rs 1,000 cr, will address the anticipated credit risk of lenders.
Open FlipEngineering, procurement and construction (EPC) company BL Kashyap and Sons Ltd on Wednesday (September 18) said it has secured a new work order worth approximately ₹221 crore. The contract, awarded by SSS Realty & Co, involves civil, structural, and allied works for a project in Koramangala, Bengaluru, with a completion timeline of around 20 months.
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