Bhubaneswar: Mumbai-based multinational company TCR Engineering has set up its new Materials Testing and Non-Destructive Testing (Materials Testing and Non-Destructive Testing) lab in Odisha's capital Bhubaneswar.TCR Engineering's new
Niraj Shah hikes McLeod stake to 7% He consolidated his position as the second largest shareholder of the company where the promoters now hold only 17.48 per cent
Mumbai-based investor Niraj Rajnikant Shah has scooped up a little more than a 2 per cent stake in bulk tea producer McLeod Russel India Ltd, taking his holding in the Khaitan family promoted company to over 7 per cent.
Shah consolidated his position as the second largest shareholder of the company where the promoters now hold only 17.48 per cent.
According to the latest regulatory filing, Shah acquired a little over 21.28 lakh shares in McLeod representing 2.042 per cent stake. Prior to this, Shah held 5.15 per cent in the company. Following the latest series of acquisitions, the investor now has 7.19 per cent in McLeod.
The Burger King India IPO was oversubscribed more than three times on the very first day
Burger King India s Rs 810 crore initial public offering (IPO) will debut on the bourses tomorrow, i.e. December 14. The quick-service restaurant chain s IPO had received an overwhelming response from the investor community. The public offer was subscribed 156.65 times, receiving over 1,100 crore bids compared with 7.45 crore shares on offer. The portion reserved for retail investors was subscribed more than 30 times, the qualified institutional buyers (QIB) segment was subscribed 24 times and the non-institutional investors (NII) category received 262 times subscription.
Burger King India s initial public offer was open between December 2 and 4. The primary market offering consisted of a fresh issue of equity shares amounting to Rs 450 crore and an offer for sale worth Rs 360 crore by the promoter QSR Asia. The shares were offered in the price band of Rs 59-60 per share.