Meenambakkam Metro station to get more parking space

Plans afoot to add another floor for 450 two-wheelers Always full: A view of the two-wheeler parking at Meenambakkam Metro station.   | Photo Credit: VELANKANNI RAJ B Plans afoot to add another floor for 450 two-wheelers For hundreds of commuters shuttling between southern parts of the city and Meenambakkam, it’s always a jostle to…Continue Reading

L&T Metro Hyderabad to raise Rs 13,600 cr in debt to cut funding cost

SynopsisThose should be rated AAA (CE) by rating company Crisil that has already provided such a provisional rating about two weeks ago. Final rating is expected anytime soon.representative imageL&T Metro Rail that runs metro trains in Hyderabad is raising up to Rs 13,600 crore through bonds and commercial papers, in one of the largest local…Continue Reading

Metro Brands raises Rs 410 cr from anchor investors ahead of IPO

SynopsisThe company has allotted 82.05 lakh equity shares to anchor investors at Rs 500 apiece, taking the total transaction size to Rs 410.25 crore, according to a BSE circular.AgenciesFootwear retailer Metro Brands Ltd, which is backed by ace investor Rakesh Jhunjhunwala, on Thursday said it has collected a little over Rs 410 crore from anchor…Continue Reading