Kross LTD IPO: Kross Ltd’s IPO, focusing on trailer axles and suspension assemblies, opens for subscription on September 9 and closes on September 11, with anchor investor bidding on September 6. The Rs 500 crore issue includes up to Rs 250 crore in fresh equity and Rs 250 crore from an offer for sale (OFS) by promoter shareholders Sudhir and Anita Rai.
India Cements’ Srinivasan, other promoters exit company board
The Aditya Birla Group firm has completed the acquisition of 10.13 crore equity shares of India Cements (ICL), representing 32.72% of the equity share capital