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The agreement will serve Saudi’s enterprises and government institutions with advanced technologies such as IoT, 5G, Low Range Wide Area Network etc.
The Mumbai-based company saw a huge jump in its profit of Rs 135 crore as of December 2021 against Rs 28.78 crore in the previous fiscal.
The public sector bank Rs 1.29 trillion as of December 31, 2021 (Q3FY22), as against Rs 1.04 million in the same quarter in the previous fiscal.
The company posted a 50 per cent jump in its profit after tax (PAT) at Rs 486 crore in the quarter ended September 2021.
In Union Budget 2020-21, the central government also gave a new lease of life to the ailing sector by announcing the setting up of a mega textile park.
Moreover, the banking index, Nifty PSU Bank took a hit too and is also trading below Rs 2,508.
Tech Mahindra, TCS and Infosys stocks hit their fresh 52-week highs today on both BSE and NSE.
So far this week the company's shares have fallen by over 28 per cent.
Founded by Naresh Trehan, a renowned cardiovascular surgeon, Global Health is a leading private multi-speciality tertiary care provider in the north and east regions of India.
Sequoia Capital will make a partial exit on its while Warburg Pincus, which invested in 2016, is unlikely to sell any of its shares.
Given the number of regulatory procedures to be fulfilled, the government would unlikely to meet the deadline of the fourth quarter in the current financial year.
The company said in July that, it identifies ‘value accretive M&A’ as one of its strategic pillars to grow the FMCG business.
The Bengaluru based company provide solutions in process design, engineering, manufacturing, testing, and supply of a variety of precision products and assemblies.
The issue comprises of fresh issue of shares worth Rs 926 crore and an offer for sale (OFS) up to 3,369,360 equity shares by promoter Veena Kumari Tandon.
The company wanted to expand its footprint internationally in countries like the United States of America, Canada, Germany, the United Kingdom and Israel.
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