According to Aditya Birla Capital Ltd., the preferential issuance would take place at a cost of Rs 165.1 per equity share and is pending approval from shareholders.
The floor price for the two-day OFS is set at ₹225 per share.
However, there will be no impact on the thermal power sector.
Analysts of IIFL Securities see Power demand growing at 5-7% in FY24, even if some industrial load switches back to captive units.
Recommendation: Add; Target Price: Rs 600
Recommendation: Add; Target Price: Rs 165
The 130 MW plant in Gujarat's Kutchh secures a 25-year PPA with SECI at Rs 2.83/kWh.
Nifty Metal, Nifty Bank, and Nifty Financial Services in red.
NTPC is also planning to come up with initial public offering for its renewable energy arm NTPC Green Energy Ltd (NGEL) to raise funds
The introduction of the Paytm UPI SDK is an additional feature within the existing UPI acquiring arrangement between Paytm Payments Services Ltd. and Paytm Payments Bank.