As state finances finally start looking up following a pandemic-induced dullness, increasing capital expenditure is necessary to jolt the economy, cut down fiscal deficits and improve debt levels
The move will help the company to accelerate its core business in the country and leverage new opportunities for growth
The investment comes following a net withdrawal of Rs 4,686 crore from financial services stocks in October on account of profit booking
The board approved Rs 18 crore rights issue in the ratio of 2 new equity shares for every 1 equity share held by eligible shareholders as on the record date.
For the first half of the current fiscal, the industry reported a year-on-year growth of 29 per cent, ICRA said on Monday, based on projections from 49 auto ancillaries with aggregate annual revenues of close to Rs 3,00,000...
