Business
Kirloskar Ferrous Industries completes acquisition of majority stake in ISMT
Kirloskar Ferrous Industries (KFIL), a leading manufacturer of pig iron and grey iron castings, has completed the acquisition of a majority stake in Indian Seamless Metal Tubes (ISMT). The transaction envisaged an investment of Rs 670 crore by KFIL into ISMT. With this, the company has become a subsidiary of KFIL.
ISMT has appointed five directors including Rahul Kirloskar and Ravindranath Gumaste of KFIL on the board, while its original promoter Baldevraj Taneja has resigned from the Board of Directors. The company has also commenced an open offer for acquiring up to 25.05% of the voting capital of ISMT, which amounts to Rs 239.7 crore on full acceptance of the open offer.
ISMT, one of the major manufacturers of seamless tubes in India with an integrated steel plant, had made major investments in power plant, which was funded by debt. The investments did not pan out as per plans and this led to stress in the debt. Lenders of ISMT had in the past pursued various schemes for resolution of the debt as per RBI guidelines, prevailing from time to time, including outside strategic debt restructuring.
Lenders have decided to go for one-time settlement for the outstanding debt of the company alongwith change in management. This is the second instance in the listed industrial space, after CG Power & Industrial Solutions was acquired by the Murugappa Group in 2020 under settlement with banks and with management change. In FY22, KFIL reported a total income of Rs 2716 crore for the first 9 months, which is an over 100% increase over Rs 1291 crore reported in the same period in FY21.
Complete News Source : Construction Week
Table of Contents
Business managers, known for their dynamic and demanding roles, are now adopting innovative activity hacks to improve their lifestyle and well-being. Recognizing the importance of work-life balance and personal wellness, these leaders are implementing a range of activities to foster physical health, mental clarity, and overall satisfaction in their professional and personal lives.
Mindfulness at Work lifestyle
Business managers are incorporating mindfulness practices, such as meditation and deep breathing exercises, into their daily routines to reduce stress and increase focus in high-pressure situations.
Regular Exercise Breaks
Amid tight schedules, managers are embracing short exercise breaks, such as brisk walks or stretching exercises, to stay active throughout the day and boost their energy levels.
Nutrition and Healthy Eating
Prioritizing their well-being, managers are adopting healthier eating habits, including nutritious snacks and well-balanced meals, to sustain their energy during demanding workdays.
Time Management Workshops
Business managers are attending time management workshops to enhance their organizational skills, enabling them to efficiently juggle multiple responsibilities and achieve better work-life integration.
Skill Development Seminars
Recognizing the value of continual growth, managers are attending skill development seminars to stay updated on industry trends and enhance their leadership abilities.
Flexible Work Arrangements
Some forward-thinking companies are offering flexible work arrangements to business managers, providing the freedom to create a more harmonious work-life balance.
Social Engagement
Building a sense of camaraderie, managers are engaging in team-building activities and networking events to foster positive relationships within their professional circles.
Unplugging from Technology: In a digital era, managers are prioritizing personal time by unplugging from technology during non-working hours, allowing for genuine relaxation and recharging.
Pursuing Hobbies and Interests
Managers are rediscovering their passions outside of work, be it painting, gardening, or playing a musical instrument, to unwind and find fulfillment beyond their professional roles.
Encouraging Employee Wellness
Some managers are also promoting wellness initiatives within their teams, encouraging their employees to embrace similar activity hacks and lead healthier lives.
Group Media Publications
Entertainment News Platforms – anyflix.in
Construction Infrastructure and Mining News Platform – https://cimreviews.com/
General News Platform – https://ihtlive.com/
Podcast Platforms – https://anyfm.in
Vijay Deverakonda and Mrunal Thakur’s Family Star opens with a first-day box office collection of more than ₹5 crore in India.
Day 8 global box office earnings for the Kareena Kapoor, Tabu, and Kriti Sanon film reaches ₹90 crore
Fans are stunned when Nushrratt Bharuccha displays her enormous shoe collection in new images and videos. Observe
Rasha, the daughter of Raveena Tandon, discusses how trolling affects her: “I think in processing it, feeling bad for a bit.”
Benny Blanco and Selena Gomez have a “very serious” relationship; her friends and family adore him: Report
Why Vijay Deverakonda won’t collaborate with a first-time filmmaker is revealed: “I need them to be prepared to take advantage of me.”
The final trailer for Maidaan, which was released on Ajay Devgn’s birthday, establishes the mood for India’s crucial football match. Observe
Salman Khan served drinks to Ranbir Kapoor’s sister Riddhima’s wedding. This is the reason Rishi Kapoor chased him away.
The phrase “female-led projects” annoys Bhumi Pednekar. “It disgusts me deeply.”
Rasha, the daughter of Raveena Tandon, discusses how trolling affects her: “I think in processing it, feeling bad for a bit.”
The phrase “female-led projects” annoys Bhumi Pednekar. “It disgusts me deeply.”
Vijay Deverakonda and Mrunal Thakur’s Family Star opens with a first-day box office collection of more than ₹5 crore in India.
.jpg "Surfaces of the Motorola Edge 50 Ultra with Snapdragon 8S Gen 3")
Surfaces of the Motorola Edge 50 Ultra with Snapdragon 8S Gen 3
.jpg "On his birthday, Kajol presents an unseen side of husband Ajay Devgn. Look at what she posted.")
On his birthday, Kajol presents an unseen side of husband Ajay Devgn. Look at what she posted.
Why Vijay Deverakonda won’t collaborate with a first-time filmmaker is revealed: “I need them to be prepared to take advantage of me.”
The final trailer for Maidaan, which was released on Ajay Devgn’s birthday, establishes the mood for India’s crucial football match. Observe
Salman Khan served drinks to Ranbir Kapoor’s sister Riddhima’s wedding. This is the reason Rishi Kapoor chased him away.
Day 8 global box office earnings for the Kareena Kapoor, Tabu, and Kriti Sanon film reaches ₹90 crore
Udd Jaa Kaale Kaava | Gadar 2 | Sunny Deol, Ameesha |
“AIR Movie Review: A Riveting Tale of Survival and Intrigue”
A Story About Madan Mohan
A Story About Laxmi Kant Pyarelal , The Legendry Musicians
Exclusive Interview of Taruna Tanwar and Amit Tanwar
BKU अध्यक्ष नरेश टिकैत ने किया है बड़ा ऐलान, चुनाव में किस पार्टी को करेंगे सपोर्ट?
बीजेपी जल्द जारी करेगी बाटी गई टिकट की लिस्ट
उत्तर प्रदेश का चुनावी शतरंज 13 January 2022
उत्तर प्रदेश का चुनावी शतरंज। चुनाव के लिए पार्टियों के बनते – बिगड़ते समीकरण
-
Bollywood2 months agoAishwarya Rai maintains her stunning appearance in a new L’Oreal ad.
-
health and remedies2 months agoThe article discusses the potential health risks associated with swallowing dry ice
-
.jpg "Sidhu Moosewala’s father and baby brother feature on Times Square billboard; fans react. Watch")
Music1 month agoSidhu Moosewala’s father and baby brother feature on Times Square billboard; fans react. Watch
-
Bollywood3 weeks ago
Rasha, the daughter of Raveena Tandon, discusses how trolling affects her: “I think in processing it, feeling bad for a bit.”
-
Entertainment2 months agoThe Anant Ambani-Radhika Merchant pre-wedding bash in Jamnagar has received a list of guests.
-
Trending2 months agoDolly Chaiwala: “Didn’t Know Who He Was” in reference to giving Bill Gates tea
-
Bollywood4 weeks ago
The phrase “female-led projects” annoys Bhumi Pednekar. “It disgusts me deeply.”
-
Trending2 months agoOppo Reno 12 Pro Key Features Leak Online: Expected to Receive a 1.5K Display with a Density 9200+ SoC