The bankruptcy court orders insolvency proceedings against Vatika

NEW DELHI: The bankruptcy court has ordered admission of a Gurgaon-based real estate developer under the corporate insolvency resolution process (CIRP) in an application filed by IDBI Trusteeship Services after the company defaulted on its debts of around Rs 274 crore.The Chandigarh bench of the National Company Law Tribunal (NCLT) has also appointed Jayant Prakash […]

Vidya Wires IPO has subscribed 2.3 times on Day 1 so far. Check GMP and other important details

Gujarat-based Vidya Wires’ Rs 300-crore initial public offering (IPO) received a strong response on the first day of subscription and was booked more than twice. The issue attracted bids for shares of Rs 9.98 crore against the offered shares of Rs 4.33 crore, reflecting robust interest from both retail and non-institutional investors.On the gray market, […]