UltraTech’s Q3 net surges 68% helped by lower costs
UltraTech’s consolidated sales for the quarter were at ₹16,487 crore, up nearly 8% on year, while earnings before interest, tax, depreciation, and amortization rose by around 38% to ₹3,395 crore. On a sequential basis, sales rose by 5% while the operating profit was 25% higher.
NCLT clears ICICI Bank-ICICI Securities merger; EGM set for March 27
Given the current stock prices, the scheme appears favourable to ICICI Bank shareholders, potentially leading to resistance from ICICI Securities shareholders at the current swap ratio.