In Short : The Competition Commission of India has approved GIP EM Star Ltd.’s subscription to certain equity share capital of Aditya Birla Renewables. The investment aims to support renewable energy expansion, strengthen project development, and accelerate clean power deployment. The approval reflects growing investor confidence in India’s renewable sector and will enhance capacity growth, […]
Prostarm Info Systems IPO Receives 12.65 Times Subscription on Day-2 of Offer – EQ
In Short : Prostarm Info Systems’ ₹168 crore IPO was subscribed 12.65 times by Day 2, driven by strong retail and non-institutional investor interest. The issue, priced at ₹95–₹105 per share, closes on May 29. Despite declining grey market premium, demand remains robust. Funds raised will support working capital, debt repayment, and expansion, as the […]
Azure Power’s Rights Issue open for subscription – EQ Mag Pro
EBENE, Mauritius : Azure Power Global Limited (NYSE: AZRE), a leading independent sustainable energy solutions provider in India, announced today that its rights offering opened today for subscription to raise proceeds of up to $249,938,599. Pursuant to the rights offering, each shareholder of the Company will receive one non-transferable subscription right (a “Right”) for each […]