Tuesday , 25 September 2018
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ECONOMIC SCAN

Dhruv Consultancy Services IPO to open on March 26

MUMBAI: Dhruv Consultancy Service Ltd engaged in the business of providing infrastructure consultancy services like design, engineering, procurement, construction and project management services for Highways, Bridges, Tunnels, Architectural and Ports, etc., is now entering the capital markets with an initial public offer of 43,00,000 equity shares of face value Rs.10 per share being offered through this issue at price of Rs 54 per equity share. The Issue opens on March 26 and closes on March 28. The equity shares of the company are proposed to be listed on the SME Platform of BSE. The Issue is being made through the Fixed Price Process wherein 50% of the Net Issue shall be available for allocation on a proportionate basis to retail Investors, and balance 50% of the net Issue shall be available for allocation on a proportionate basis to non-retail investors, irrespective of the number of specified securities applied for.

Orient Electric launches Aerocool ceiling fans

PANAJI: Orient Electric, part of the diversified USD 1.6 billion CK Birla Group, announced the national launch of its new Aerocool super premium ceiling fan which promises highest air delivery of 300 CMM with minimum air vortex and sound. The new launch is part of the company’s plans to strengthen its presence in the fast-growing premium and super premium segments. Orient Aerocool takes the technological genius of recently launched Aerostorm fan a step further with its striking looks, aerofoil blade design, winglet technology and the unique bottom canopy. Commenting on the launch of the fan, Atul Jain, senior vice president, Business Head, Fans, Orient Electric said, “It gives me immense pleasure to share that our Aeroseries fans range is finding acceptance all over the country. Our recent tie-up with Amazon for Aerostorm fan has been a success and we have captured No. 1 position in premium ceiling fans at Amazon Great Indian Sale. NT

 

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