
Paras Defence stock split & dividend
Paras Defence and Space Technologies has received shareholders approval for the sub-division of equity shares or stock split. This is the first-ever stock split by Paras Defence.
Paras Defence has declared its first-ever dividend of Rs 0.50 per shareduring its Q4 FY25 earnings on April 30.
In the fourth quarter, Paras Defence reported a stellar 97% increase in net profit, reaching Rs 19.7 crore compared to Rs 10 crore during the same period last year. The company’s revenue also rose by 35.8% year-on-year to Rs 108.2 crore, up from Rs 79.7 crore in the previous year’s quarter.
Paras Defence stock split & dividend
ITD Cementation Wins Order Worth Rs 893 Crore In Odisha
ITD Cementation India Ltd. has won a contract worth Rs 893 crore in Odisha. The project involves the construction of the berth and breakwater for the development of greenfield captive jetties, according to a stock exchange filing on Monday.
ITD Cementation is eyeing a top-line growth of 25–30% in the current financial year and the company is also focusing on cost control and improving its margin, Chief Financial Officer Prasad Patwardhan said last month.
ITD Cementation Wins Order Worth Rs 893 Crore
Yes Bank to raise Rs 16,000 crore via equity, debt
Private sector lender Yes Bank announced that its board has approved raising of Rs 16,000 crore through a mix of equity and debt in order to fund business growth. The Bank has approved raising up to Rs 7,500 crore in equity capital and Rs 8,500 crore through debt instruments during FY26. The funds will be raised in several phases, across both domestic and international markets.
In a regulatory filing, the company said that it has received board approval to raise up to Rs 7,500 crore by issuing equity securities through various permitted methods. However, the total equity dilution including from converting any approved convertible debt, will not exceed 10 per cent.
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Reliance To Develop Open Spaces Around Mumbai's Coastal Road
Nearly a year after Mumbai's Coastal Road was opened to traffic, the BMC has selected Reliance Industries Limited (RIL) to develop 53 hectares of reclaimed open space along the road. The company will take at least three to four months to prepare a plan, following which work on realising new open spaces along the road from Priyadarshini Park to Worli will commence, said sources in the civic body. Initially, the BMC had planned to develop open spaces along the 13,000-crore Coastal Road of its own accord.
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