Jan 28, 2021
By: Navdeep YadavSigns a distribution agreement with Ricardo Salinas-led Grupo Salinas to sell its bikes in Mexico.
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Floor price fixed at ₹1,495.93 per share, QIP is share sale to qualified institutional investors.
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The cost of acquisition will be approximately ₹398 crore.
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The volume growth is mere 7 percent, excluding the consumer businesses acquired from GSK and VWash.
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The net profit fell 36 percent year-on-year led by prudent expenses and provisioning charges during the quarter.
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Janakiraman is currently deputy MD (Finance) at SBI and Tewari is MD and CEO at SBI Cards.
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Margins are likely to expand on the back of positive operating leverage and lower discounts to dilute input cost.
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The proceeds will be used to increase the airport capacity to 34 million passengers per annum.
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Credit: BCCL