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The company has appointed Kotak Mahindra Capital Company, Edelweiss Financial Services and ICICI Securities as the book running lead managers to the issue. Advertisement The proceeds of the issue will be used for expansion of the existing manufacturing facility at Pudukkottai in Tamil Nadu, purchase of tinting machines and gyro shakers, and repayment/prepayment of borrowings. The Pune-based firm is the fifth-largest company in the Indian decorative paints segment in terms of revenue for fiscal year 2020. It has three manufacturing facilities located in Rajasthan, Kerala and Tamil Nadu. ...

Equities set to open flat; Infosys, Wipro likely to set the direction January 13, 2021 × Indian stock markets are expected to open in a narrow range on Wednesday as mixed cues emerge from Asian markets and SGX Nifty. The SGX Nifty futures is currently ruling at 14,626 as against the Nifty futures' Tuesday closing of 14,624. Asian stocks in Japan, Hong Kong and Australia are trading slightly higher while China market is in the red. Overnight, the Dow Jones Industrial Average rose 60 points, or 0.19 per cent, to 31,068.69, the S&P 500 gained 1.58 points, or 0.04 per cent, to 3,801.19 and the N...