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Krystal Integrated Services IPO Receives 13.21 Times Subscription On Last Bidding Day
Krystal Integrated Services clocked 13.21 times subscriptions for its intial public offering (IPO) on the last bidding day on Monday. The maiden issue of the management and security services provider was subscribed 43.90 times by non-institutional investors, 7.33 times by qualified institutional buyers, and 3.31 times by retail individual investors. The IPO included a fresh issue of up to Rs 175 crore and an offer-for-sale (OFS) of up to 1,750,000 equity shares.
ASK Hedge Solutions To Raise Rs 3,000 Crore Corpus For AIF
ASK Hedge Solutions announced on Monday that it plans to raise Rs 3,000 crore orpus in the upcoming 18 months for its alternative investment fund. CEO Vaibhav Sanghavi said, "The ASKAbsolute Return Fund is an open-ended category-III alternative investment fund (AIF), which will be seeking to raise the money from high networth individuals, ultra HNIs, family offices and corporate treasuries."
HCG Group To Invest Rs 500 Crore In Gurugram's PNG, CNG Expansion
HCG Group celebrated the inauguration of Piped Natural Gas (PNG) connections in Palam Vihar, Gurugram. The event was graced by the esteemed presence of Gajendra Singh, Member of the Petroleum and Natural Gas Regulatory Board (PNGRB), underscoring the imperative shift towards sustainable energy solutions for a greener and healthier future. Singh commended HCG Group for its proactive stance in championing eco-friendly energy alternatives, aligning with national sustainability objectives. Kapil Chopra, the Chairman of HCG Group, accompanied by Managing Director Rahul Chopra, unveiled the company's visionary plans aimed at significantly increasing access to sustainable energy in the region. Chopra announced the group's ambitious goal of delivering nearly 100,000 domestic PNG connections within the next year, with a steadfast commitment to extending this service to approximately 300,000 households over the subsequent five years.
Servotech Power Systems To Set Up 20 EV Charging Stations In Nashik
Servotech Power Systems announced on Monday that it has recieved an order to set up 20 EV charging stations across the Nashik Municipal Corporation area. The firm informed that the aim is to cater to the growing need for accessible charging facilities for EVs.
Rupee Depreciates 4 Paise To Close At 82.90 (Provisional) Against US Dollar
The Indian rupee depreciated 4 paise to close at 82.90 (provisional) against the US dollar on Monday. Analysts noted that the positive trajectory of the domestic markets and foreign fund inflows helped provide support to the domestic unit and limit its losses. After opening at 82.84 against the American currency at the interbank foreign exchange market, the rupee touched a high of 82.83, before dropping to 82.91 and finally settling at 82.90. In the last trading session on Friday, the domestic currency closed at 82.86 against the greenback.
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