Manipal Health Enterprises has received Sebi approval for its initial public offering. The company plans to raise approximately ten thousand crore rupees through this offering. A significant portion of the funds will repay subsidiary borrowings. Another part of the proceeds will fund a stake acquisition. This move signals a major step for the healthcare provider’s expansion plans.
Titan shares gain 2% on Q1 business update; consumer business grows 41% YoY
Titan Company share price rose 2% after it saw a 41% year-on-year rise in the June quarter. Robust jewelry demand and an expanding retail network