look news india
Dividend of Rs 3.60 per share declared. Company incurred a loss of Rs 594.5 crore. Board approves raising of Rs 3000 crore via NCDs. FY25 $2.11Bn investment approved in T Steel Holdings Pte. Board approves conversion of $565 million debt into T Steel Holdings.
Domestic sales grew 28% to ₹ 7,143 crore on a year-on-year basis. Export sales grew 18% to ₹ 1,673 crore on a year-on-year basis. Exports are likely to be affected by global economic uncertainty. The company said that investments in infrastructure and economic growth will increase the company's profits.
GMR Airports
Operating metrics improved with EBITDA and revenue growth. Domestic and international pax traffic grew by 8% in Q4FY24. International passengers accounted for 25% of total passengers in Q4FY24. Pax traffic grew 11% year-on-year to 31.4 million.
The sneaker category will benefit from good growth. Sneaker Studio stores have increased to 698. 24 new franchise stores opened in this quarter. New franchise stores opened in tier 3-5 cities.
IRB Infra
A big block deal is possible in IRB Infra today. A promoter can sell up to 4% stake in a block deal. IRB Holding, Deepali Mheskar can sell stake. The offer price for the block deal is possible from Rs 63 to Rs 72.7 per share. The size of Rs 1512 crore is possible for a block deal. Block deal is possible at a discount of 13%.
KFin Technologies
Block deal is possible in KFin Technologies. General Atlantic Singapore Fund can sell 4.1% stake. If needed, up to 6.8% stake will be sold. Base issue size is Rs 500 crore, upside is Rs 833.3 crore. Floor price has been fixed at Rs 712.5 per share. Deal is possible at a discount of 4.2%. There will be a lock-in period of 60 days. After the deal, General Atlantic's stake will increase to 31.23%.
Infosys launched AI based innovation at French Open. The innovation was launched in collaboration with French Tennis Federation.
Route Mobile
The UK subsidiary will provide a corporate guarantee of $35 million. The guarantee will be shown as a contingent liability.
Rail Vikas Nigam Limited
LOA received from South Eastern Railway. LOA received for order worth Rs 38.10 crore.
