Laser Power & Infra Ltd., an integrated manufacturer of power cables, conductors and specialised products for the power transmission and distribution industry, will launch its Rs 742-crore initial public offering on July 9. The issue will close on July 13, according to its red herring prospectus. The IPO comprises a fresh issue of equity shares worth Rs 542 crore and an offer for sale of shares aggregating up to Rs 200 crore by promoter selling shareholders. Net proceeds from the fresh issue will be used towards repayment or prepayment of borrowings amounting to Rs 490 crore, and for general corporate purposes. The company operates three manufacturing units in West Bengal and reported revenue of Rs 2,326 crore and net profit of Rs 151 crore in FY26. Its order book stood at Rs 3,243 crore as of March 31, 2026. Laser Power, which also has an engineering, procurement and construction division, is a licenced stranding partner of US-based TS Conductor, allowing it to locally manuf...
The SAFF Championship clash between India and Kuwait in Bengaluru witnessed several ugly brawls with on Tuesday. India coach Igor Stimac was sent off following argument with the match officials and Kuwait players. That was not all as two players, one each from India and Kuwait, were also sent off due to ugly fouls. This was the second time in the 2023 edition of the SAFF Championship that Stimac was sent off from the ground. Earlier, he was shown a red card during a match against Pakistan. Tuesday's match against Kuwait ended in a 1-1 draw. Both teams are in the semi-finals but India finished second in the points table.
Stimar first received a yellow card for disrupting play. Then he was sent off for having a go at the match officials. Stimac engaged in an animated argument with match officials and was eventually flashed a red card in the 81st minute.
@stimac_igor pic.twitter.com/9XsezuKehW
— GKFC Ultra (@gkfcultra) June 27, 2023
But the harsh moments did not end there as India's Rahim Ali and Kuwait's Al Qallaf were sent off. The melee ensued after Qallaf pushed down India's Sahal Abdul Samad in the 84th minute and Rahim, in turn, pushed the Kuwait player to the ground. After that there was not enough time for either side to force a result.
@ttovino pic.twitter.com/outwXCLYmx
— GKFC Ultra (@gkfcultra) June 27, 2023
Sunil Chhetri worked his magic but India had to split points with Kuwait after an acrimonious 1-1 draw in their last group match in the SAFF Championship on Tuesday. Chhetri had put India on the road to victory with an injury-time strike in the first half but an own goal by Anwar Ali in the added time of the second half spoiled the home side's march. This was also the first goal India conceded in nine matches.
The result meant that India and Kuwait ended up on seven points but the latter topped Group A on better goal average.
India will play Lebanon in the semifinal while Kuwait will take on either Bangladesh or Maldives.
Already qualified for the semifinal, both India and Kuwait pressed forward from the whistle, giving some entertaining moments.
With PTI inputs
from NDTV News- Special https://ift.tt/yAqj74N
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