MMFSL subsidiary signs MoUs

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⭐ MMFSL co. signs EV leasing MoU 

Quiklyz, a subsidiary of Mahindra & Mahindra Financial Services (MMFSL) has signed MOUs to lease out over 1000 electric 3-wheelers to five companies. These three-wheeler EVs will be used for delivery and logistics purposes. Quiklyz handles the vehicle leasing and subscription business of MMFSL.

⭐ Keystone Realtors to debut

Shares of Keystone Realtors,  a Rustomjee group company, is expected to list on the bourses on 24 November. The company’s IPO was subscribed 2 times. The retail portion saw a muted response, with the issue being subscribed just 0.5 times. The company has raised ₹635 crore through the IPO that was  priced at ₹541 per share.

⭐ Office space leasing dips in October

As per a  new industry report, the total leasing of office space declined 21% year-on-year in October. Only 6.7 million square feet of office space was leased across seven major cities. The Manufacturing sector leased maximum — about 22% of all the office space booked in October. This was followed by consultancy companies and BFSI. Meanwhile, Mumbai, Delhi NCR and Pune accounted for nearly 93% of all monthly leasing activity.

Global markets (at 7:30 AM today)

Fact of the day

Starting from January 2023, all F&O stocks will be settled in T+1 i.e within 24 hours as per a  new exchange circular

Source: Economic Times