Parag Milk Foods raises Rs 131 crore via preferential allotment
"The current proceeds of preferential shares and warrants would be utilised to fund our long-term capital requirements and to enhance the working capital needs," Parag Milk Foods chairman Devendra Shah said.This will aid in further strengthening the company's balance sheet and drive the company for accelerated growth ahead, he said.
Vegan health-wellness brand Fitspire to expand into non-metros, also enter international markets
Founded in 2020 by IIM Lucknow alumnus Vipen Jain, along with co-founders Nidhi Jain and Hinah Sawhney, Fitspire provides health and wellness products in the vegan nutritional segment catering to sports nutrition, general health wellness, and personal and child wellness.
Ace investors of D-Street add finance, metals & textiles to portfolio
For instance, Rakesh Jhunjhunwalas name showed up in June quarter holdings of Indiabulls Housing and SAIL with 2.17% and 1.39% stake, respectively. Jhunjhunwala increased stake in Edelweiss by 0.4% but lowered stake in Titan, TV18 Broadcast and Autoline Industries.
Telecom stocks were hammered the most, as their subscriber bases declined for the third month in a row. Midcaps and smallcaps took a major beating. While benchmark Sensex dropped 0.1 per cent to close at 38.365, peer Nifty shed 0.3 per cent to end at 11,317.