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.
Its profit in FY23 stood at Rs 2.986.24 crore.
Recommendation: Buy; Target Price: Rs 220
Recommendation: Add; Target Price: Rs 910
Recommendation: Buy; Target price: Rs. 510
Recommendation: Buy; Target Price: Rs 4750
Total Enterprise Value of the acquisition is Rs 5,666 crore.
The company has also received approval for change in one of the cosponsors of HDFC Mutual Fund from HDFC Ltd to HDFC Bank pursuant to the scheme becoming effective.
Resolution plan rejected because one of the creditors, Kotak Mahindra Bank, rejected it.