GECs
Inox debuts on the BSE bourse; scrip closes at Rs 174
MUMBAI: Inox Leisure Ltd has been listed on the National Stock Exchange of India ltd (NSE) and the Stock Exchange, Mumbai (BSE) today.
The stock opened at Rs 172, up 43 per cent over the issue price of Rs.120/- a share. It hit a high of Rs 194.80 and a low of Rs 167.05, before closing at Rs 179.90 on the NSE.
On the BSE, the stock ended at Rs 174.75.
Speaking at the listing ceremony at the National Stock Exchange Inox director Deepak Asher said, Our mission is to create Indias largest network of world class multiplex cinema theatres across all the leading towns and cities of India. We aspire to be the leader in the Indian film exhibition industry on all key parameters including number of screens, quality of viewing experience, and, more importantly, financial parameters like revenues and profitability.
We consider the overwhelming response to our IPO as a popular vote of confidence in our business model. Shareholders’ interest is of paramount importance to us as a group. Inox Leisure Ltd. will consistently and untiringly work towards strengthening shareholder value, he added.
The issue which opened for subscription on January 27, 2006 and closed on 2 February. The issue was oversubscribed by 49.06 times. The qualified institutional buyers portion was subscribed by 59.19 times and the retail portion received 17.75 times response and HNIs portion received 92.31 times response.
Inox entered the capital market with a fresh issue of 16.5 million equity shares of Rs 10 each on offer consisting of a fresh issue of 12 million equity shares and an offer for sale of 4.5 million equity shares by the promoter, Gujarat Flurochemicals Limited.
The shares offered constitute 27.5 per cent of the fully diluted post issue paid up capital of the company and as a result the promoters share holding has come down to 66 per cent of the post issue paid up capital.
GECs
Vikram and Ajinkya Gandhe win Masterchef India season finale
Chef Sanjeev Kapoor joins judges for emotional MasterChef finale
MUMBAI: The latest season of MasterChef India concluded on a high note, with brothers Vikram Gandhe and Ajinkya Gandhe crowned winners in the grand finale aired on Sony Entertainment Television.
The duo from Nagpur lifted the coveted trophy and donned the show’s signature golden apron after a season that celebrated India’s diverse culinary traditions under the theme “Pride of India”.
This edition of the popular cooking reality show introduced a new jodi format, with 50 pairs from across the country competing in the Masterchef kitchen. Contestants brought personal stories, regional flavours and family bonds to the competition.
The grand finale featured the final three pairs: Vikram and Ajinkya Gandhe (brothers), Saisree and Chanda (mother and daughter), and Anju and Manju (sisters).
The finale was attended by celebrity chef Sanjeev Kapoor, who joined the show’s judging panel comprising Vikas Khanna, Ranveer Brar and Kunal Kapur.
Kapoor said the show has long served as a platform to celebrate India’s rich culinary heritage and provide passionate home cooks with a national stage. He noted that the current season reflected a confident India that takes pride in its roots while embracing new culinary ideas.
Judge Vikas Khanna said the contestants’ journeys and the memories created during the season would remain with the team long after the show’s conclusion. Ranveer Brar described the show as a family that continues to grow with every season, while Kunal Kapur praised the contestants’ creativity and determination.
With the finale now concluded, the latest season of MasterChef India once again highlighted how food can reflect identity, heritage and storytelling, inspiring home cooks across the country to pursue their culinary ambitions.
