1 / 4Cochin Shipyard | The government announced plans to divest a 5% stake in a state-owned shipyard through an Offer for Sale (OFS), with a floor price set at ₹1,540 per share. The OFS includes a base offer of 2.5%, with an additional 2.5% available as a green shoe option. The sale will open on October 16 for non-retail investors and on October 17 for retail investors.
2 / 4Rallis India | Agri-inputs company reported a 19.5% year-on-year (YoY) increase in net profit at ₹98 crore for the second quarter that ended September 30, 2024. In the corresponding quarter of the previous fiscal, Rallis India posted a net profit of ₹82 crore. The company’s revenue from operations rose 11.5% to ₹928 crore as against ₹832 crore in the corresponding period of the preceding fiscal.
3 / 4G R Infraprojects | Infrastructure company said it has received a Letter of Acceptance (LOA) from the Maharashtra State Road Development Corporation Ltd (MSRDC) for the construction of an access-controlled segment of the Pune Ring Road in Maharashtra. The project, valued at ₹1,885.63 crore, covers a 9.341-km stretch from village Kalyan/Rathwade to village Shivare/Kusgaon in Pune district.
4 / 4Capri Global Capital | Non-banking finance company said it has teamed up with renewable energy fintech Credit Fair to offer its new rooftop solar finance product under MSME loans, targeting a separate ₹1,000 crore green loan book in the coming years. This initiative enables individuals and businesses to adopt solar energy through hassle-free, collateral-free financing with minimal documentation, promising loan approvals in under five minutes and disbursals within 4-6 hours.
