Mon, Dec 23, 2024 8:47 PM
HG Infra Engineering arm inks battery storage deal with NTPC
A Flip by Avya Verma
Engineering and construction company Transrail Lighting has closed the subscription for its Rs 839-crore initial public offering on December 23. It recorded the third-highest subscription numbers amongst IPOs closed today, after Mamata Machinery and DAM Capital Advisors. Sanathan Textiles and Concord Enviro Systems were the other two public issues, closing today.
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Tata Group has initiated work on the initial public offer (IPO) of its flagship financial services arm Tata Capital, expected to be a big-bang deal exceeding Rs 15,000 crore, to comply with RBI's norms for 'upper layer' NBFCs. Tata Capital has roped in advisors Cyril Amarchand Mangaldas and Kotak Mahindra Capital, with pitches to engage other investment banks to follow.
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Wall Street's main indexes were muted on Monday, with the Dow Jones Industrial Average falling 0.09% to 42800.49, while the S&P 500 and Nasdaq Composite rose 0.16% and 0.35%, respectively, as a government funding bill averted a partial shutdown and investors digested a slower pace of rate cuts from the U.S. central bank.
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