Just In
Wipro’s board declares an interim dividend of ₹5/share
“We expanded our operating margins by 80 basis points on a YoY basis. Our cash flow conversion remained strong, with operating cash flows being at 123% of our net income,” says Aparna Iyer, CFO, Wipro
“Building on the momentum from last quarter and supported by a strong pipeline, we are well-positioned for the second half,” says Srini Pallia, MD and CEO, Wipro
For Q2, Wipro guides IT Services business revenues to be in the range of declining 1% to growing 1% in constant currency.
Wipro clocks revenue of $2.58 billion in Q1, down 0.3% sequentially, but up 1.5% year-on-year.
Wipro’s board declares an interim dividend of ₹5/share
“We expanded our operating margins by 80 basis points on a YoY basis. Our cash flow conversion remained strong, with operating cash flows being at 123% of our net income,” says Aparna Iyer, CFO, Wipro
“Building on the momentum from last quarter and supported by a strong pipeline, we are well-positioned for the second half,” says Srini Pallia, MD and CEO, Wipro
For Q2, Wipro guides IT Services business revenues to be in the range of declining 1% to growing 1% in constant currency.
Wipro clocks revenue of $2.58 billion in Q1, down 0.3% sequentially, but up 1.5% year-on-year.

Aegis Vopak’ ₹2,800 cr IPO: Mgt shares insight on revenue model, strategy, and market outlook

Chitranjan Kumar

Aegis Vopak Terminals, a joint venture between Aegis Logistics of India and Royal Vopak of the Netherlands, looks to raise ₹2,800 crore via IPO at a price band of ₹223-235 per share. The public issue is entirely a fresh issue of 11.91 crore shares and the company intends to use the IPO proceeds primarily to pay entire debt.

In an exclusive interaction with Fortune India, Murad Moledina, Non-Executive Director at Aegis Vopak Terminals, said the capital raised from the IPO will be used to fully repay ₹2,016 crore of debt, while ₹671 crore will be utilised for capital expenditure for cryogenic LPG storage terminals at Mangalore. A part of the capital will be used to meet general corporate purposes. 

When asked why there is no offer for sale (OFS) component in the IPO, Moledina said, “The promoters do not intend to dilute any of their shares. OFS is when the promoter wants to liquidate a shareholding. But both the promoters are very excited about this opportunity. They don't intend to sell any shares.”

Aegis Vopak Terminals IPO will open for subscription on May 26, and close on May 28, 2025. The allotment of shares is expected to be finalised on May 29, and the tentative date for listing of shares on the BSE and NSE is June 2, 2025.

India's first crypto paper is near — CoinSwitch Co-founder Ashish Singhal on what's at stake
Luxury with substance will drive growth in India: Seiko India's Niladri Mazumder
Wyndham partners with Cygnett to launch La Quinta in India
IPO proceeds to help Smartworks cut debt, improve margins, say co-founders of coworking spaces
Uber India's Pragati rests on 3 pillars: Affordability, accessibility, & elevation

ADVERTISEMENT