The IPO is entirely an offer for sale. The company will not receive any proceeds from the offer

FHL, however, said the complaint has not yet been served on it under the Hague Convention on the Service Abroad of Judicial and Extrajudicial Documents in Civil or Commercial Matters (Hague Service Convention) -- a multilateral treaty that provides litigants the efficient means of serving documents on parties living, operating or based in another country.

Abu Dhabi Investment Authority has acquired the stake through one of its entities Platinum Illumination A 2018 Trust from Blackstone Group entity BREP SG Asia Pearl Holdings NQ PTE Ltd.

The behavior of the index against the level of 18,000 will be crucial to watch not only for tomorrow but also over the coming days

On January 3, ET reported that Shriram planned to raise about $500 million via an offshore bond sale, which would be the year’s first issuance by a non-banking finance company.

The bonds would be marked as high-yield papers, below the investment-grade rating ranks.

The board has also approved January 21, 2022, as "record date" for the payment of the interim dividend for 2021-22.

Mohit Agarwal, director at Asian Tea & Exports, said freight rates to places like Iran and Kazakhstan have gone up by $500-1,000 per container over the last 10 days. "We do not know what is driving this fresh surge in freight rates," he said. "The consignments are lying at the ports for a month or more at times."

The drop in index, it said, was largely due to an anomalous 50pp weekly fall in the Apple driving index. The Google retail & recreation mobility index fell by 5.6pp, while workplace mobility fell by 0.7pp, it noted.

Reliance Industries-ACRE and Welspun Group unit Easygo Textile Pvt Ltd are the two highest bidders among the four firm offers that lenders have received for the textile-cum-yarn making company.