Most of them have used improved cash flows to cut debt for better ratings and equity valuations, despite disruptions to business due to the Covid-19 pandemic two years back.
IIFL Finance will raise Rs 6,414 crore through a capital infusion led by Blackstone, which will invest Rs 5,000 crore for an approximately 16% stake.
Cochin Shipyard Ltd reported a 50% decline in consolidated net profit for the September quarter of FY27. The company’s net profit fell to Rs 53.77
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