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Hyundai Motor India has set a price range of Rs 1,865 to Rs 1,960 for its initial public offering (IPO) that opens next week for subscriptions, an advertisement in the Financial Express newspaper showed on Wednesday. The Indian unit of the Korean carmaker is offering a discount of Rs 186 per share to eligible employees in the IPO, the advertisement showed. The $3 billion IPO, India’s largest ever, will open for subscriptions for big institutional investors on Oct. 14, and invite bids from retail and other categories during October 15-17. (Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

The initial public offer of Garuda Construction and Engineering got fully subscribed with 1.91 times subscriptions on the first day on Tuesday. The initial share sale received bids for 3,80,15,666 shares against 1,99,04,862 shares on offer, according to data available with the NSE. The portion meant for Retail Individual Investors (RIIs) got subscribed 3.43 times while the quota for non-institutional investors received 1.10 times subscription. The category for Qualified Institutional Buyers (QIBs) attracted a mere 2 per cent subscription. Garuda Construction and Engineering Ltd on Monday said it has raised Rs 75 crore from anchor investors. The company has fixed a price band of Rs 92-95 per share for its Rs 264-crore initial public offering.… Read More »Garuda Construction IPO Subscribed 1.9 Times On Day 1

The initial public offer of Garuda Construction and Engineering got fully subscribed with 1.91 times subscriptions on the first day on Tuesday. The initial share sale received bids for 3,80,15,666 shares against 1,99,04,862 shares on offer, according to data available with the NSE. The portion meant for Retail Individual Investors (RIIs) got subscribed 3.43 times while the quota for non-institutional investors received 1.10 times subscription. The category for Qualified Institutional Buyers (QIBs) attracted a mere 2 per cent subscription. Garuda Construction and Engineering Ltd on Monday said it has raised Rs 75 crore from anchor investors. The company has fixed a price band of Rs 92-95 per share for its Rs 264-crore initial public offering.… Read More »Garuda Construction IPO Subscribed 1.9 Times On Day 1

Three Independent Haryana MLAs, including India’s richest woman Savitri Jindal, are likely to extend support to the BJP government in the state. Ms Jindal, Devender Kadyan and Rajesh Joon will meet the BJP high command and the state election in-charge Dharmendra Pradhan today. Ms Jindal, who had earlier been a minister in the last Congress government in the state, won from the Hisar seat. She had won the Hisar twice earlier – in 2005 and 2009. The BJP pulled a surprise victory in the Haryana elections yesterday to return to power for a historic third time in a row. Sources suggest Chief Minister Nayab Singh Saini would return for a second stint in the top… Read More »Savitri Jindal, 2 Independent MLAs Likely To Back BJP In Haryana

Adani Airport Holdings Limited (AAHL), India’s largest private airport operator, and global tech leader Thales, have announced a strategic collaboration aimed at revolutionising airport operations and enhancing passenger experience across India. Thales will provide integrated solutions focused on three core areas: smart airport security, biometric passenger journey, and operational efficiency. Since early 2024, Thales has deployed its Fly to Gate biometric system at seven AAHL airports, offering touchless, facial recognition-based ID verification, drastically reducing the need for physical documents and cutting passenger processing times by up to 30%. The system, aligned with the government’s DigiYatra initiative, enhances security while simplifying travel. “We are delighted to strengthen our partnership with Adani Airport Holdings Limited to bring… Read More »Adani Airports Partners With Thales To Enhance Indian Flying Experience