A significant weakness in realizations pulled down the company’s net sales, at the standalone level, by 28% year-on-year; while adjusted net profit dropped 67.4%.
Canadian billionaire Prem Watsa-led Fairfax-backed Seven Islands Shipping Ltd has filed draft red herring prospectus with SEBI to sell shares in an initial public offering to raise as much as ₹600 crore to fund a fleet expansion plan. Seven Islands, India’s third biggest ocean carrier by capacity, was founded in 2003 by Captain Thomas Wilfred .
Gold drops a fifth day as bond yield rally delivers fatal blow livemint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from livemint.com Daily Mail and Mail on Sunday newspapers.
Read more about Logistics firm Seven Islands files for Rs 600 crore public issue on Business Standard. The firm said it has filed papers with markets regulator Sebi for a public offering to raise up to Rs 600 crore
Logistics major Seven Islands files for Rs 600 crore IPO zimbabwestar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zimbabwestar.com Daily Mail and Mail on Sunday newspapers.