The FPO was subscribed 62 per cent, as it received bids for around 11.25 crore shares.

The issue has received the most number of bids at a price of Rs 71-72.

Services of public sector banks were impacted as employee unions went on a two-day nationwide strike from Friday to press for wage revision.

The PSU posted manifold rise in profit at Rs 168.25 crore for December quarter.

The telecom equipment maker cut the price band to Rs 71-77 per share.

The QIB portion of the issue was subscribed 5 per cent.

The FPO received bids for 1,63,53,450 shares compared with 18,18,00,000 shares on offer.

The company is expecting at least Rs 500 crore from the government in the next fiscal for meeting its various capital expenditure (capex) r...

The FPO received bids for 1,01,27,550 shares compared with 18,18,00,000 shares on offer.

Funds raised through FPO will be utilised for funding working capital requirements as well as repayment of existing debt.

The company intends to sell its 18 crore shares, including one per cent quota for the employees, in the price bracket of Rs 72 to Rs 77 per...

The issue will open on January 24 and close on January 28, said the company in a statement.

ITI intends to use the proceeds to fund its working capital requirements for FY2020 and repay loans fully or partially.

The telecom equipment maker’s issue will close on January 28.

Issue proceeds will be used to fund working capital requirements.

Proceeds of the issue will used to fund working capital requirements, repayment of loans and general corporate purposes.

The government currently holds 92.59 per cent stake in ITI.