Category: PNN News

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SAFE West India 2024 addresses India’s Growing Security Market, Projected to reach USD 7.36 Billion by 2029

May 11, 2024

Mumbai (Maharashtra) [India], May 11: Informa Markets in India successfully inaugurated the second edition of SAFE West India, India’s leading security and fire expo, at the Bombay Exhibition Centre in Mumbai. Held from May 9th to 11th, 2024, the three-day event served as a premier platform for industry stakeholders, government representatives, and security enthusiasts to engage in collaborative innovation. SAFE West encompasses a wide range of trends and solutions in the realm of commercial security and surveillance, focusing on preventive technologies and innovations tailored for the Western India market. The expo united esteemed Indian brands specializing in CCTV, surveillance, biometrics, entrance automation, access control, GPS, Wi-Fi routers, RFID, spy cameras, POE switches, powe...

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Creditwalle Unveils Game-Changing Financial Services Platform For Borrowers

May 9, 2024

Creditwalle is revolutionising borrowing experience with the launch of its game-changing financial services platform, empowering borrowers with fast lending mechanism, transparency, and 24/7 availability, so borrowers never have to go elsewhere. In an era inspired by convenience, accessibility, and speed, the financial environment is powerfully evolving. Instant loans from are becoming a trusted source of lending for those who need financial support right away. User-friendly interface, availability 24 hours a day, easy access to funding, and prompt disbursal make these platforms for loans an attractive choice. Creditwalle not only offers these advantages but also provides unbiased real ARPs, single application forms, credit score protection, quick and high conversion, and more. It prov...

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Ashapuri Gold Ornament Ltd’s Rs. 48.75 crores Rights opens on May 8, 2024

May 6, 2024

Ahmedabad (Gujarat) [India], May 6:  Ashapuri Gold Ornament Ltd (BSE – AGOL – 542579) – one of the prominent manufacturers and wholesalers of gold jewellery is schedule to open its Rs 48.75 crore rights issue on May 08, 2024. The funds raised through the issue will be utilised to meet the working capital requirements to fund company’s expansion plans, entering new geographies and for general corporate purposes. Right issue of the company are offered at a price of Rs. 5.85 per share – 57.45% discount to closing share price on 3rd May, 2024. Rights Issue closes on 27th May, 2024. Issue Highlights: The company will issue 8.33 crore fully-paid equity shares at an issue price of Rs. 5.85 per share Shares in Rights issue priced attractively at Rs. 5.85 per share – 57.45% discount to c...

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MOS Utility, Two foreign funds buys total of 2.99 lakh shares in bulk deal

May 6, 2024

Mumbai (Maharashtra) [India], May 6:  Two foreign funds have bought total of 2,99,200 shares of MOS Utility Limited (further referred to as “MOS”) in a bulk deal on 2 May 2024. Saint Capital Fund and Zinninai Global Fund PCC- Cell Dewcap fund have bought 1,49,200 shares each in the company. Both funds together have bought shares worth Rs. 5.77 crore in the company. Saint Capital Fund and Zinninai Global Fund PCC- Cell Dewcap fund bought 1,49,200 shares each in the company on 2 May 2024 Both funds together have bought shares worth Rs. 5.77 crore in the company. On 2 May 2024, Saint Capital Fund bought 1,49,200 shares of MOS Utility at Rs. 193.96 per share, investing Rs. 2.90 crore. Saint Capital Fund is a SEBI registered FPI and a boutique Global Investment Fund with prime focus...

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Sai Swami Metals and Alloys Ltd’s Rs. 15 crore public issue received bumper subscription of over 500 times

May 4, 2024

Ahmedabad (Gujarat) [India], May 4:  The initial public offering of Ahmedabad-based Sai Swami Metals & Alloys Ltd, makers of DOLPHIN Brand stainless Steel Cookware & appliances and wide range of stainless steel products received overwhelming response for its Rs. 15 crore SME IPO and got subscribed over 500 times. Retail segment was subscribed 528.8 times, while Non institutional investor category was subscribed 558.5 times. Company received bids for over 128.96 crore equity share aggregating total subscription amount of over Rs. 7,737.60 crores against the 25 lakh shares offered in the public issue. The public issue closed for subscription on May 3. Shares of the company will be listed on BSE SME platform on May 8, 2024.  Grey Market premium on company’s share was around Rs.53 ...

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Evexia’s move of acquiring Revin labs, Robust growth forecasted

May 2, 2024

In the world of industrial applications, Evexia Lifecare limited stands out as a manufacturer of a range of petrochemical downstream products. These include specialized oils, chemicals, petroleum sulphates, and solvents crucial for industries such as rubber, leather, ink, and paint. Going green with eBikes A significant milestone was the company’s move into the green energy sector in FY21 with the establishment of an eBike plant in Vadodara. Not just stopping at manufacturing, the company is also gearing up for job work and producing their own line of eBikes. Global Financial Moves On 3rd February 2023, the company issued 1.50% Listed FCCBs worth USD 1000 Lakhs to the Global Focus Fund from the Republic of Mauritius. This financial move, regulated by the Financial Service Comm...

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Lagnam Spintex announces FY24 results, PAT Zooms to YoY 380% at Rs 7.30 cr in Q4FY24, Declares Dividend of Rs. 0.50/- per share

April 29, 2024

New Delhi (India), April 29: Lagnam Spintex Limited, a leading manufacturer of high quality cotton yarn in India, has announced its results for the financial year and quarter ended on March 31, 2024. The company witnessed remarkable revenue growth, propelled by its strategic expansion initiatives and diversification into new product lines. Lagnam had commissioned their Rs 218 cr. Capex expansion project ahead of schedule on 31st January 2024, as against the schedule date of 1st April 2024. This early commissioning has helped the company in bringing competitive cost advantage and increase in top line as seen in the results. The Total revenue for the quarter Q4FY24 grew by 66% to Rs 149.82 crores compare to Rs 90.41 crores in Q4FY23. The Profit after Tax in Q4FY24 grew by whooping 380% t...

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Balu Forge Industries Ltd (BFIL) Announces Listing of Equity Shares on National Stock Exchange of India Limited (NSE)

April 26, 2024

Mumbai (Maharashtra) [India], April 26:  BFIL, a prominent precision engineering company engaged in manufacturing of crankshafts and forged components, is excited to announce that its shares shall be trading on the National Stock Exchange (NSE) effective at the opening of markets on 29th April, 2024 under the symbol of “BALUFORGE”. Commenting on the announcement, the management team of BFIL stated: “We are pleased to inform that our Company’s shares will also be listed/traded on the main board of NSE from 29th of April, 2024, this earmarks one of the credible milestones for BFIL, further this will help grow and strengthen the visibility of BFIL amongst the entire capital market community. BFIL is a prominent player in the specialized engineering and precision machined components ...