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Goldman Sachs and Nomura picked up stakes in Afcons Infrastructure through bulk deals, despite the stock's negative listing. Afcons Infrastructure's muted debut was due to negative market sentiments and lower-than-expected subscription, primarily caused by the parent's higher OFS and challenging phase.
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The Reserve Bank of India reported that almost all Rs 2000 banknotes have been returned. The bank withdrew the notes from circulation on May 19, 2023. The total value of these notes was Rs 3.56 lakh crore. The RBI said that 98.04 percent of the notes are back in the banking system.
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The company reported consolidated revenue from operations of Rs 1,064 crore for the reporting period, a 7% increase from Rs 992 crore in the same period last year. The board has announced an interim dividend of Rs 4 per share with a face value of Rs 2 each for FY25. November 14 has been set as the record date to determine shareholder eligibility for the dividend distribution.
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