​​The public issue comprises fresh issuance of equity shares worth Rs 350 crore and an offer for sale of 40 lakh shares by promoters, draft red herring prospectus (DRHP) filed with Sebi showed.

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Vaidyanathan had earlier too gifted his shares to staff members, including his trainer, househelp and driver, to help them purchase homes.

The company took the decision in a meeting on Wednesday night to halve the diesel supply from Thursday, the executives told ET on condition of anonymity.

Inter-ministerial consultations have been completed on a draft cabinet note on proposed amendments. "We have incorporated the relevant suggestions and a final proposal will soon be put for final consideration and approval of the cabinet," the official said.

Tata Motors and Ford India have approached the administration in Gujarat to understand the incentive structure after the sale of the factory, clearly indicating that the maker of Nexon and Altroz is the frontrunner for the facility.

The Nifty closed above the 17,000 level for the first time since February 24, the day Russia invaded Ukraine. But sentiment turned nervous globally after Moscow dashed hopes of the Russia-Ukraine conflict getting resolved soon with a Kremlin spokesperson denying recent reports on a possible settlement. Expectations of peace talks progressing between the two countries have contributed to the market rebound of late as well as the decline in oil prices.

“Even with 7.5% GDP growth year-over-year it might not feel like we are in a kind of very fast growth phase, it is a modest growth that we are going to achieve. And if global uncertainties increase then there are downside risks to this 7.5% GDP growth as well. We are now looking at a broader global commodity price inflation and its impact on India beyond just simply the oil prices.”

RevFin is projecting loan disbursals of Rs 450 crore in the next fiscal year starting April 1, compared with Rs 120-200 crore this FY. It expects disbursals of Rs 2,200 crore in FY24, Rs 5,500 crore in FY25, Rs 11,500 crore in FY26 and Rs 20,000 crore in FY27.