Mon, Dec 30, 2024 5:22 PM
Tech View: Nifty’s short-term trend negative; 23,400 in sight
A Flip by Riya Sharma
Pricol Ltd's board approved the divestment of its wiping business division to Auto Ignition Ltd for ₹20 crore on a slump sale basis, with the transaction expected to be completed by January 31, 2025. Pricol Ltd's board approved the divestment of its wiping business division to Auto Ignition Ltd for ₹20 crore on a slump sale basis, with the transaction expected to be completed by January 31, 2025.
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Honasa Consumer Ltd's Chief Business Officer, Master Zairus, has resigned due to personal reasons, effective February 28, 2025. Despite a net loss of ₹18.6 crore in Q2, the company's younger brands saw over 30% year-to-date growth, and focus categories like face washes and sunscreens experienced 28% year-over-year growth.
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The maiden public issues of Parmeshwar Metal, and Davin Sons Retail have been fully subscribed on the first day of bidding, i.e. January 2, with former getting strong demand compared to the latter. Parmeshwar Metal IPOThe Gujarat-based company, which manufactures copper wire and rods by recycling copper scrap, targets to raise Rs 24.74 crore via initial public offering of 40.56 lakh shares.
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