Capital Infra Trust, sponsored by Gawar Construction Ltd, sets a price band of Rs 99-100 per unit for its Rs 1,578-crore IPO opening on January 7 and concluding on January 9. The funds raised will be used to repay/pre-pay loans, including unsecured loans from the sponsor.
National Infrastructure Trust, an infrastructure investment trust sponsored by Gawar Construction Ltd, on Tuesday filed preliminary papers with the capital markets regulator for Rs 1,600 crore Initial Public Offering (IPO).
“The applicant (SS Infra) has proved before us that the outstanding operational debt is more than rupees one crore, which is due to the applicant by the respondent and that the respondent (Sadbhav Engineering) has defaulted in payment,” said the division bench of judicial member Shammi Khan and technical member Sameer Kakar, in its order of April 22.
Aug 17, 2021 / 10:30AM GMTOperator Ladies and gentlemen, good day, and welcome to Sadbhav Engineering and Sadbhav Infrastructure Project Limited Q1 FY '22 Earni
Sadbhav Infrastructure Project Limited (SIPL) announces net profit in Q4 and FY23, focusing on construction services for roads, highways, bridges, and other infrastructure projects.
The overall chart pattern indicates small upside for the short term, but the higher possibility of Nifty reversing down from 17,700-17,750 levels in the next couple of sessions. Immediate support is placed at 17,450 levels, says Nagaraj Shetti of HDFC Securities.
One may expect Nifty to show choppy movement with weak bias for the short term. Further weakness from here could slide Nifty down to the important support of 17,600 levels, says Nagaraj Shetti of HDFC Securities.
The near term trend shall continue to remain directionless as Nifty50 appears to be in a new trading range of 16,350 to 16,160 levels, said Mazhar Mohammad of Chartviewindia.in.