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...
OnePlus Open made its debut today as the first foldable phone from the Chinese smartphone maker. The handset features the same specifications as the Oppo Find N3 that was launched in global markets earlier today. The company confirmed that the handset will be equipped with Sony's newest LYTIA-T808 camera sensor. The handset is also confirmed to feature a waterdrop-style hinge. Other details of the handset that were previously leaked, matched the specifications of the Oppo Find N3.
from NDTV News- Special https://ift.tt/HkT9OyX
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