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Upcoming IPO! Vidya Wires files draft papers with market regulator Sebi

Business Standard LogoBusiness Standard6h ago

Upcoming IPO! Vidya Wires files draft papers with market regulator Sebi - Business Standard

Quick Summary:

That said, the company intends to use the proceeds from the fresh issue for funding capital expenditure requirements for setting up a new project in its subsidiary, ALCU.

Incorporated in 1981, Vidya Wires is one of the largest manufacturers of winding and conductivity products for a range of critical industries and applications.

On the flip side, the company's expenses also jumped to Rs 1,154.16 crore in FY24, up 16.97 per cent from Rs 986.67 crore reported in FY23.


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Article Details

Category: BusinessFinance

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-13 @ 13:37:16 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 423 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 25101283

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