EFC (I) Ltd. has completed the acquisition of 100% of Ultrafresh Modular Solutions Ltd. through a share-swap transaction. The deal involved the issue of 19,99,996 shares by EFC India, with the acquisition valued at approximately Rs.53.99 crore.
EFC (I) Ltd. has completed the acquisition of 100% of Ultrafresh Modular Solutions Ltd. through a share-swap transaction. The deal involved the issue of 19,99,996 shares by EFC India, with the acquisition valued at approximately Rs.53.99 crore.
Unimech Aerospace and Manufacturing Ltd. has completed the first tranche of its investment in Kanoo Unimech Advanced Manufacturing Solutions, a joint venture with Yusuf Bin Ahmed Kanoo Company in Saudi Arabia.
The Indian stock market is closed on Friday, October 2, on account of Mahatma Gandhi Jayanti. Trading on the BSE and NSE, including equity and derivatives segments, will resume on Monday, October 5.
Jagsonpal Pharmaceuticals Ltd. has completed its acquisition of the wellness portfolio of Group Pharmaceuticals Ltd. on October 1 after the agreed conditions were fulfilled.
Asian equities moved lower on Friday as investors dealt with volatility in global bond and currency markets. The US 10-year Treasury yield briefly reached 5.34%, its highest level since 2002, before easing to around 5.25%.
Carlsberg India has received regulatory clearance from the Securities and Exchange Board of India (SEBI) for its confidential IPO pre-filing.
Vishakha Renewables, a solar-components manufacturer promoted by the Adani group, has filed its Draft Red Herring Prospectus (DRHP) with SEBI for a proposed Rs.1,250 crore IPO.
Pioneer Fabrications has filed its DRHP with SEBI for a proposed Rs.190 crore IPO. The offering will comprise an entirely fresh issue of equity shares, with the company planning to use the proceeds for working capital, equipment purchases and establishing a new manufacturing facility.
Hard-earned money deserves respect: Investment decisions should not be based solely on YouTube videos, social media reels or sensational content, where views and engagement may take priority over investor interests. Long-term wealth creation requires discipline, patience, asset allocation and consistency. 1) Avoid emotional decisions. 2) Stay consistent. 3) Ignore unnecessary noise. 4) Focus on fundamentals. Protecting capital is as important as growing it. Before investing, ask whether the decision is based on logic and financial goals or temporary excitement.
The US-Iran conflict continues to be closely watched by global markets because of its effect on crude shipments and refined fuel supplies.
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