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Manipal Group boss Ranjan Pai has pumped Rs 1,400 crore into Bjyus subsidiary Aakash Institute, enabling the embattled edtech major to clear its debt to Davidson Kempner. This and more in today's ETtech Top 5.
The minister's reaction came as a response to a tweet by former Infosys director TV Mohandas Pai's that it was a "sad day for Karnataka. We have driven away one of our best companiesc from Mysore because of lethargy and lack of response, why are we driving away our industry? How will jobs come."
The company provides conceptual design, process engineering, integrated manufacturing and life cycle support to leading companies in the automotive, industrial, aerospace, defense, outer-space, nuclear, medical, railways, IT, and other sectors.
An analysis by Moneycontrol suggests that if these shareholders choose to exit after the lock-in period, these stocks could experience an estimated fund outflow of around Rs 2,10,782.40 crore, based on the closing prices of these stocks as of October 9
Morgan Stanley has assigned a target Price of Rs 2,440 a share for Kaynes Tech and Rs 671 for Syrma SGS