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Rolex Rings gets SEBI nod to launch IPO
PTI
New Delhi |
Updated on
June 01, 2021
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Share sale to consist of fresh issue of shares worth ₹70 cr and OFS of up to 65 lakh shares by Rivendell PE LLC
Auto components maker Rolex Rings has received capital markets regulator SEBI’s approval to float an initial public offer (IPO). Rolex Rings’ IPO comprises fresh issue of shares worth ₹70 crore and an offer-for-sale of up to 65 lakh equity stocks by Rivendell PE LLC (formerly known as NSR-PE Mauritius LLC), according to its draft red herring prospectus (DRHP). Currently, Rivendell holds 45.51 per cent stake in Rolex Rings.
Karnataka: Bosch extends help to repair faulty ventilators in government hospitals free of cost ANI | Updated: May 30, 2021 02:25 IST
Bengaluru (Karnataka) [India], May 30 (ANI): Auto component maker Bosch India has come forward to undertake repairing work of faulty ventilators in Karnataka s government hospitals free of cost, Dr CN Ashwatha Narayana, state s COVID Task Force head, said on Saturday.
After having a discussion regarding the matter with Bosch s vice president Ramesha Saligrama, he informed that the company has voluntarily come forward for the service.
There were complaints saying that many ventilators in the government hospitals were not in the working condition and there were reports in the media too regarding this. In this crucial situation, the company has decided to repair the ventilators through Corporate Social Responsibility (CSR) funding, said Saligrama.
Bosch India hands over medical aid worth 1 million euro to Niti Aayog to combat 2nd wave of COVID-19 Bosch India handed over this equipment to NITI Aayog for further distribution, Bosch India said in a statement.
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NEW DELHI: Auto component maker Bosch India on Friday said the company has handed over a medical aid worth 1 million euro to the government s think-tank Niti Aayog to combat the second wave of COVID-19 in India.
The aid includes 92 ventilators and 438 oxygen concentrators, 10 oxygen cylinders, and other medical supplies such as face masks and glass cannula from major manufacturers, it said.