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Indian Express
32 minutes ago
- Indian Express
Crizac IPO allotment date next week; know how to check status online via PAN
Crizac IPO: Following the close of the subscription of initial public offering (IPO) of Crizac Limited, all eyes of the investors will now be on the finalisation of the allotment of shares. The Crizac IPO allotment will take place next week. The Crizac IPO was opened on July 2 (Wednesday) and closed on July 4 (Friday). The Rs 860-crore initial share sale received bids for 154,56,79,488 shares against 2,58,36,909 shares on offer, as per NSE data, reports PTI. According to the PTI, Crizac Ltd got subscribed 59.82 times on the closing day of the final bidding on Friday. The portion for Qualified Institutional Buyers (QIBs) got subscribed a whopping 134.35 times while the quota for non-institutional investors fetched 76.15 times subscription. Retail Individual Investors (RIIs) part received 10.24 times subscription. The price band of Crizac IPO has been fixed at Rs 233-245 share. According to the details available, the Crizac IPO is slated to be finalised on July 7. The allotment status will be released online on the official website of the registrar — MUFG Intime India Private Limited. Additionally, the allotment status will also be made available on the official websites of the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). – – –
Hans India
34 minutes ago
- Hans India
Second-hand car prices in Delhi drop heavily
New Delhi: Prices of second-hand cars in the national capital have witnessed a sharp fall in recent days, with traders reporting a decline of 40 to 50 per cent, the Chamber of Trade and Industry (CTI) said on Friday. CTI Chairman Brijesh Goyal has said the market for overage vehicles in Delhi has been severely affected, with nearly 60 lakh vehicles impacted by the sudden downturn. He attributed the price crash to restrictions related to End-of-Life (EOL) vehicles, which have crossed the permissible age limit for operation in Delhi. Goyal, also an automobile businessman, claimed that traders were being forced to sell cars at significantly lower prices. "In the last five days, the prices of second-hand cars have dropped by 40 to 50 per cent. Businessmen in Delhi are now compelled to sell vehicles at one-fourth of their original price," he said. He said that second-hand cars from Delhi were usually sold in Punjab, Rajasthan, Uttar Pradesh, Bihar, Tamil Nadu, Karnataka and Kerala. However, the demand from outside states was now accompanied by aggressive bargaining. "Luxury used cars that earlier fetched Rs six to seven lakh were now being sold for barely Rs 4 lakh to Rs 5 lakh. 'Buyers from other states are aware of the challenges faced by Delhi-based traders and are negotiating accordingly," Goyal said. He further added that over 1,000 traders in areas like Karol Bagh, Preet Vihar, Pitampura, and Moti Nagar were involved in the business of selling second-hand vehicles. Car dealers have also raised concerns over difficulties in obtaining the No Objection Certificate (NOC) from the Transport Department, which is required to sell used vehicles in other states. Earlier, the process was relatively smooth, but now traders say they were facing delays and complications. The Delhi government had banned fuel for end-of-life vehicles -- 10 years or older for diesel vehicles and 15 years or older for petrol vehicles -- that are deregistered and not allowed to ply on the roads from July 1, following a court order. However, on Thursday, the government requested the Commission for Air Quality Management (CAQM) to put the ban on hold with immediate effect, arguing that the fuel ban on overage vehicles was not feasible due to technological challenges.
Time of India
an hour ago
- Time of India
Bank fraud case: Fresh ED summons to Tollywood producer Allu Aravind in Rs 101 crore; land deal with prime accused under probe
HYDERABAD: In a major development in the Rs 101.4 crore Ramakrishna Electronics bank fraud case, the Enforcement Directorate has summoned prominent Tollywood film producer Allu Aravind to appear next week. The move comes after Aravind reportedly failed to submit key financial documents during his earlier appearance before the agency. Aravind was first questioned by the ED on June 2 regarding suspicious financial links to Ravi Kumar Vemula, a director in Ramakrishna Electronics and Ramakrishna Teletronics Private Ltd (RTPL) and prime accused in the case. According to sources, investigators are still determining whether Aravind's involvement in land and financial transactions with the accused was deliberate or incidental. Allu Arvind told TOI that the transaction under scrutiny was minor and that he is fully cooperating with the ED by providing all necessary information. You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad "Back in 2017, I purchased a property, and a small portion of it was acquired from Ravi Vemula. He was reportedly unable to repay his loans, which led to the ED launching a probe," he said. He further said, "The agency asked me for details regarding the land transaction. The payment was made through proper banking channels. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like A Apple Recomenda o Blinkist, O Melhor App Para Intelectuais Ao Redor do Mundo Blinkist Undo When I appeared before the ED on July 2, they asked for transaction-related documents. Since the books of accounts weren't readily accessible, I requested a week's time. I will submit all the required details on the next date." Financial irregularities The ED's probe was based on an FIR filed by the CBI, Special Bureau of Forensic Science, Bengaluru, following a complaint from the Union Bank of India. The CBI alleged that directors, V Raghavendra and Ravi Vemula, fraudulently diverted loan funds sanctioned to their companies under overdraft and cash credit (OCC) facilities. In June 2024, ED teams conducted coordinated search operations and also froze Rs 1.45 crore .
