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.
The setback occurs just when Agarwal's metals and mining company is struggling to pay down a sizable amount of debt.
Recommendation: Add; Target Price: Rs 165
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.
Recommendation: Buy; Target Price: Rs 220
BPCL will supply LNG to Tata Steel's Ferro Alloys plant in Jajpur.
Recommendation: Buy; Target price: Rs. 510
Recommendation: Buy; Target Price: Rs 4750