Latest news with #Convertible
Mint
7 hours ago
- Business
- Mint
MapmyIndia share price rises 2% despite stock market sell-off; here's why
Stock Market Today: MapmyIndia share price gained 2% during the intraday trades on Friday despite the stock market sell-off. Some of the key reasons are the announcement of Q1 results and also the investments announced . Check details MapmyIndia reported ₹ 46.18 crore as the Q1 net profit. The net profit during the April to June 2025 quarter saw a sharp 30% jump of over ₹ 35.31 crore during the year-ago quarter. MapmyIndia Q1 revenues from operations at ₹ 12.16 crore also marked a 21% increase when compared to ₹ 10.14 crore in the year-ago quarter At the operating level the performance remained strong for MApmyIndia . The Profit before tax at ₹ 60.27 crore for MapmyIndia during the quarter ending June 2025 saw a strong 27.8% growth compared to ₹ 47.15 crore during the June 2024 quarter. In order to purchase 43,759 equity shares of M/s. Gtropy Systems Private Limited, the material subsidiary of the company, at a share price of Rs. 5713 each, the Board evaluated and approved an investment of Rs. 24,99,95,167/- (Rupees Twenty Four Crore Ninety Nine Lakhs Ninety Five Thousand One Hundred and Sixty Seven only). This would increase the stake of the company from 75.98 % to 96.00 %, with the right to acquire the balance of the 4% shareholding at current valuations. The Board of MapmyIndia also considered & approved making an investment of Rs. 25,00,00,000/- (Rupees Twenty Five Crore only) to acquire 75,18,797 Compulsorily Convertible Preference Shares (CCPS), at a price of Rs. 33.25/- per CCPS on a fully diluted basis in M/s. 'Zepto' Private Limited (formerly known as Kiranakart Technologies Private Limited), which is engaged in the QuickCommerce industry. The proposed investment is part of the Company's strategic initiative to gain strength and gain capabilities and adoption of a suite of solutions for the large and fast-growing quick commerce industry C.E. Info Systems Ltd., or MapmyIndia share price opened at ₹ 1798.05 on the BSE on Friday, slightly higher than the previous day's closing price of ₹ 1752.25. The MapmyIndia share price thereafter gained further to an intraday high of ₹ 1801.75,marking gains of around 2%. Notably, the same was on a day when the benchmark Sensex dipped more than 0.7%. Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
28-07-2025
- Business
- Business Standard
Omaxe New Chandigarh Developers raises Rs 431 cr via NCD issuance
Omaxe New Chandigarh Developers, a wholly owned subsidiary of Omaxe, has successfully raised Rs. 431 crore by issuance and allotment of 43,100 Unlisted, Senior, Secured, Redeemable Non- Convertible Debentures (NCDs) of face value Rs. 1 Lakh each through private placement. The funds have been raised from "OCM INVESTMENT FUND SCHEME I".
Car and Driver
23-07-2025
- Automotive
- Car and Driver
View Exterior Photos of the 2026 Aston Martin Vanquish Volante
Read the full review | See Interior Photos Aston Martin's grandest grand tourer, the Vanquish, debuted in coupe form last year and is now also available as a convertible, the Volante.
Times
18-07-2025
- Automotive
- Times
The Aston Martin Vantage Roadster — it's the car of the summer
Aston Martin's relentless release of models shows no signs of slowing down. Last year it introduced the new, more focused Vantage. Representing the current first rung of Aston Martin ownership, it is somewhat amusingly seen as the brand's entry-level car. Just in time for summer it has launched the open-top Roadster version of the Vantage, with prices from £181,000. In the past even Aston Martin's sportiest cars veered more towards a big grand tourer feel. The sharp and sporty Vantage, particularly the latest version, puts that notion to bed. The Vantage Roadster is being launched as Aston Martin celebrates 75 years of convertible cars — it first offered the soft-top version of the DB2 in 1950. In Aston Martin parlance, the open-topped DB models are referred to as Volantes, while the Roadster badge is reserved for convertible Vantage models. This Vantage Roadster was engineered alongside the coupé from the outset as a potential convertible, meaning Aston Martin didn't have to take a figurative can opener to a car not initially conceived as a drop-top. Consequently the Roadster is essentially identical to the coupé, aside from the fabric roof, with only the header rail slightly reduced in height. As a result, the weight penalty for the Roadster over the coupé is a mere 60kg — barely noticeable to most drivers. Performance figures are also broadly indistinguishable from those of the hard top, and with an eight-layer fabric folding roof featuring insulated glass, it provides a quiet interior experience similar to that of the coupé. It's hard not to argue that this version of the Vantage is the one to opt for. The roof folding mechanism is currently the fastest on the market — and taking only six seconds at speeds of up to 31mph, this is a real bonus, as it encourages you to use the convertible roof more regularly, even for short trips. In contrast, risking opening a slower roof on another brand's convertible, taking about 30 seconds, is a real gamble at the traffic lights, with the awkward prospect of having to pull away with the pramlike folded roof embarrassingly halfway open. Aston Martin has also been refining the interior of the Vantage in response to customer feedback — a commendable move when a brand is willing to address sensible criticism. The interior was already a significant improvement over the previous Vantage. Still, the new Roadster version features clearer, more legible instrument graphics and, mercy of mercies, a one-touch button on the centre console that disables all of the interventions of the sometimes annoying ADAS systems (such as lane change alert, speed limit warnings, etc) that new cars are now required to start with. Expect that to be the most worn-out button on this Vantage. These upgrades will also be seen on all new coupés. You can be sniffy about its use of a Mercedes AMG-sourced engine, but most owners will be more than happy that their car is powered by such a reliable, capable and tried-and-tested motor. You would not go as far as to describe it as emotive — turbos and emission regulations putting paid to that — but it's more than up for the job, and this is a seriously rapid car with 656bhp from that twin-turbo V8 unit. Laughably, with the enormous power hike across the range, this is the least powerful Aston Martin you can purchase. It may be the baby Aston, but it's very much a case of nobody puts baby in the corner with a top speed of over 200mph. This is a sophisticated and striking vehicle that its rivals will be worried about. The hard-top coupé remains an option for those purists who scoff at soft tops or wish to emulate the Vantage F1 Safety Car that plies its trade on racing circuits around the globe. However, the sensible choice has to be the Roadster version of the Vantage. Thanks to its engineering integrity, this convertible offers the advantages of a split personality, allowing it to function both as a hardcore sports car and a stylish boulevard cruiser… however the mood takes you.
News18
17-07-2025
- Business
- News18
Emami tightens hold on pet care associate Cannis Lupus
Kolkata, Jul 17 (PTI) FMCG major Emami Ltd on Thursday said it will convert loans and make fresh investments in its associate company, Cannis Lupus Services, as part of its long-term growth strategy. The Kolkata-headquartered company has executed an agreement to subscribe to Optionally Convertible Debentures (OCDs) issued by Cannis Lupus, which operates in the pet care segment under the brand 'Fur Ball Story'. According to a regulatory filing with stock exchanges on Thursday, Emami will convert existing inter-corporate loans of around Rs 8.23 crore into OCDs and infuse an additional Rs 4 crore through fresh subscription to these instruments. The investment, the company said, aligns with its strategic focus on expanding into complementary wellness and lifestyle categories, though Cannis Lupus operates outside Emami's core FMCG business. Cannis Lupus, incorporated in 2019 and based in Gurugram, offers ayurvedic and herbal remedies for pets and is developing a portfolio of medicinal foods, supplements, and other pet care products. Its turnover stood at Rs 510 lakh in FY25, down from Rs 666 lakh in FY24. Emami has been gradually diversifying its portfolio in recent years through investments in wellness and healthcare adjacencies, including brands such as The Man Company, Brillare Science, and TruNativ. Shares of Emami closed at Rs 587.50 apiece on the NSE, up by 1.40 points or 0.24 per cent on Thursday. PTI BSM SBN SBN (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: July 17, 2025, 20:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
