BVG India Ltd. seeks SEBI’s approval to raise as much as Rs 200 crore selling new shares, while its shareholders plan to sell up to 7.2 million shares in an initial public offering, according to its draft prospectus.
- Investor Strategic Investments FM (Mauritius) Alpha Ltd., part of 3i Group Plc, is selling up to 3.38 million shares; founders Hanmantrao Ramdas Gaikwad selling up to 1.7 million shares and Umesh Gautam Mane selling 300,523 shares
- The Pune-based company is considering a pre-IPO placement to raise Rs 40 crore ; fresh share issue in the IPO will be lower if the pre-IPO sale happens
- ICICI Securities, JM Financial and HSBC Securities will manage the offer.
Auto Sales Numbers: Escorts September Sales Down 25.6% YoY
Escorts Ltd reported sales for Sept. of -25.6%.
- Sept. sales -25.6% YoY
- Sept. vehicle sales 8,816 units, -26% YoY
- Sept. local sales 7,975 units, -30% YoY
- Sept. exports 841 units vs. 398 YoY
