
UAE-based DAMAC Group's data centre arm announces $2 billion investment in Indonesia
DAMAC
Group, has announced plans to invest $2.3 billion in the development of AI-focused data center in
Jakarta
,
Indonesia
.
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Mint
37 minutes ago
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Penny stock below ₹5 to be in focus after execution of orders worth nearly ₹300 crore
Penny stock: Spright Agro Ltd on Tuesday, 1 July 2025, announced that the company has successfully executed an agro supply order worth ₹ 299 crore for some Ahmedabad, Gujarat-based clients, according to an exchange filing. Spright Agro 'announced the successful execution of agro commodity supply orders worth Rs. 299 crores for clients based in Ahmedabad, Gujarat. This marks a significant milestone in the company's agri-trading operations,' said the company in the BSE filing. Highlighted its timely delivery of order supplies, the company also focused on its financial performance for the 2024-25 fiscal year. Spright Agro's revenue from core operations witnessed a 127% year-on-year (YoY) rise to ₹ 165.17 crore for the year ended 31 March 2025, compared to ₹ 72.58 crore in the previous financial year. Apart from the sales figures, the company's net profit also witnessed a 68.5% YoY rise to ₹ 19.58 crore in the financial year 2024-25, compared to ₹ 11.62 crore in the previous financial year. Currently, the company is focusing its efforts on scaling high-margin agri-trading operations and enhancing supply-side efficiencies, which has driven this strong profitability growth over the period. 'The company aims to create strong distribution networks, enabling it to deliver high-quality agricultural products to a broader customer base,' they said. Spright Agro shares closed 3.9% lower at ₹ 2.96 after Tuesday's stock market session, compared to ₹ 3.08 at the previous market close. The company announced the order execution update right before the stock market closed on 1 July 2025. The shares of the farming and agricultural trader hit their 52-week high level at ₹ 44.66 on 9 August 2024, while the 52-week low level was at ₹ 2.93 on 1 July 2025, according to data collected from BSE. The shares closed higher after hitting their year-low levels on Tuesday. Spright Agro shares have given stock market investors more than 1,641% returns on their investment in the last five years. However, the stock is down 88.49% in the last one-year period. On a year-to-date (YTD) basis, the stock has lost 80.95% in 2025. The company's market capitalisation (M-Cap) is at ₹ 317.17 crore as of the stock market close on Tuesday, 1 July 2025. Read all stories by Anubhav Mukherjee


Mint
37 minutes ago
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Crizac IPO: Kolkata-based education platform Crizac Limited completed its anchor round on Tuesday, 1 July 2025. The Crizac IPO raised ₹ 258 crore from anchor investors ahead of the initial public offering (IPO). According to the BSE filing, Crizac allocated a total of 1,05,30,612 or more than 1.05 crore equity shares to the anchor investors at an allotment price of ₹ 245 per share, with the face value of ₹ 2 apiece. Societe Generale, Pinebridge Global Funds, Shamyak Investment Private Limited, Aryabhata India Fund, ICICI Prudential MF, Allianz Global Investors Fund, Carnelian Bharat Amritkaal Fund, 360 One Equity Opportunity Fund, Motilal Oswal MF, Bandhan MF, Axis Max Life Insurance and Kotak Mahindra Life Insurance were the top anchor investors who booked the Crizac IPO. Shamyak Investment Private Limited at 13.95%, Aryabhata India Fund at 10.85%, ICICI Prudential MF at 8.14%, and Allianz Global Investors Fund at 8.14% were the top anchor allocations for the public issue. According to the BSE filing, a total of three domestic mutual funds applied to the IPO via a total of five schemes. As of Tuesday, 1 July 2025, the grey market premium (GMP) of the Crizac IPO stood at ₹ 12 per share. With the upper price band at ₹ 245 per share, the stocks are expected to be listed at ₹ 257 apiece, a listing premium of 4.9%, according to Investorgain data. Grey market premium (GMP) is an indicator of the investors' willingness to apply for a public issue. The GMP jumped to current level of ₹ 12 per share after the anchor round update on 1 July 2025. Crizac IPO is offering a book-built issue of a full offer-for-sale (OFS) component of equity shares up to ₹ 860 crore from the company promoters, Pinky Agarwal and Manish Agarwal. The company fixed the price band for the public issue in the range of ₹ 233 to ₹ 245 per equity share of face value of ₹ 2 apiece. The IPO has a lot size of 61 shares per lot. Crizac Ltd will not receive any proceeds of the public issue as the IPO only has an offer-for-sale component from the company. The company has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors. Equirus Capital Private Limited is the book-running lead manager for the public issue, while MUFG Intime India Private Limited (formerly Link Intime) is the registrar to the offer. Read all stories by Anubhav Mukherjee


Time of India
38 minutes ago
- Time of India
Minister felicitates five startups for innovative projects
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