The promoters Manoj Kumar Lohariwala and his brother Vinay Kumar Lohariwala are diluting their stakes from 67% to 52%. Of the issue proceeds, ₹168 crore would be used toward debt repayment and ₹72 crore for working capital requirements.
AI executives are calling for a deliberate slowdown in the pace of advanced model development. This plea may lead to short-term pressure on stocks of
The primary market anticipates a busy week with five mainboard and six SME IPOs. NSE’s substantial IPO will lead primary market activity, opening on September
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