ATC Energies IPO to make its debut today. Check GMP ahead of listing
Contrary to another IPO of Shri Ahimsa, which opened on the same day, ATC Energies System’s offering received a muted subscription from investors. However, the company’s shares will debut on the NSE SME platform today. The GMP ahead of the listing is around 3%. Net proceeds to the tune of Rs 64 crore will be…
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Exide, Amara Raja shares jump up to 5% as safe harbour threshold for Li-ion batteries raised to Rs 300 cr
Shares of Exide Industries and Amara Raja surged up to 5% in Wednesday’s intraday trade after the Central Board of Direct Taxes (CBDT) expanded the scope of Safe Harbour Rules, including lithium-ion batteries used in electric and hybrid vehicles under the definition of core auto components, according to a notification. Safe Harbour Rules provide businesses…
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