Medical consumables company Poly Medicure Ltd on Monday (August 19) has launched a Qualified Institutional Placement (QIP) to raise ₹1,000 crore, sources privy to the developments told CNBC-TV18. The shares are being offered within an indicative price range of ₹1,850 to ₹1,880 each, which represents a discount of approximately 11.6% from the company’s closing price. […]
Tata Motors board approves demerger of commercial vehicle business into separate listed entity – CNBC TV18
Auto major Tata Motors Ltd on Thursday (August 1) said its board has approved a composite scheme of arrangement that will result in the demerger of its Commercial Vehicle (CV) business into a separately listed company. Concurrently, Tata Motors Passenger Vehicles (TMPV) will merge with the existing listed company, leading to two distinct publicly traded […]