The offer will comprise a pure offer-for-sale (OFS), with no fresh issue of shares.
Read MoreThe offer will comprise a pure offer-for-sale (OFS), with no fresh issue of shares.
As part of the approved plan, the consortium will make a total payment of ₹919 crore, along with any applicable statutory dues.
Together, the two back-to-back deals push RailTel’s new order haul for July past ₹281 crore, underscoring the PSU’s growing heft in railway-focused ICT and safety solutions.
The company added that the securities will be backed through hypothecation and mortgage, creating a subservient charge on assets.
The total value of the contract is ₹447.42 crore, which includes GST. The execution period has been set at 36 months from the date of commencement.
The EPC firm clarified that the project is part of its regular business operations & falls within its core infrastructure development portfolio
Here are some of the stocks that may see significant price movement today.
Top gainers in Sensex include Sun Pharma, Bajaj Finance, M&M, Tata Motors.
As part of the approved plan, the consortium will make a total payment of ₹919 crore, along with any applicable statutory dues.
Together, the two back-to-back deals push RailTel’s new order haul for July past ₹281 crore, underscoring the PSU’s growing heft in railway-focused ICT and safety solutions.
Here are some of the stocks that may see significant price movement today.
Top gainers in Sensex include Sun Pharma, Bajaj Finance, M&M, Tata Motors.
As part of the approved plan, the consortium will make a total payment of ₹919 crore, along with any applicable statutory dues.
Together, the two back-to-back deals push RailTel’s new order haul for July past ₹281 crore, underscoring the PSU’s growing heft in railway-focused ICT and safety solutions.
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