‘India is a key pillar’: Delta Electronics’ leadership meets PM Modi to chart next decade of energy transition and AI

The two companies are looking to raise a combined Rs 52.02 crore through their respective SME IPOs. Both issues are entirely fresh issues, with the proceeds earmarked for a mix of business expansion, working capital, debt repayment and other corporate requirements.

ITC will hold about 73.4 per cent in the merged company, which will have over 19,000 employees, serve 800 customers and target $1 billion in annual revenue by FY28

MSCI’s Asia Pacific equities gauge dipped 0.1%, with the Kospi Index in South Korea — a bellwether for AI investments — falling 1.2%. However, US equity-index futures erased earlier losses to edged up, with contracts for the tech-heavy Nasdaq 100 climbing 0.1%.