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Businesses such as those in the aluminum, oil and gas, iron ore, and steel industries will be listed individually, news reports added.
Moreover, analysts of IIFL Securities expect HUL volume growth to improve to ~7-8% vs ~3-4% currently in the next two quarters, which will spur the stock price.
The offer starts at $975 for every $1,000 in principle for debt filed by October 11.
Aditya Birla Capital received shares on a rights basis on Tuesday, according to the business.
The firm will pay $975 for every $1,000 in principal for debt presented by October 11th. The deal price then decreases to $965 per $1,000 after that.
As the company continues to invest in new businesses amid a soft consumption environment, debt levels are expected to rise further in FY24.
The funding comprises Rs 3,000 crore debt funding from REC and Rs 2,600 crore debt funding from PFC, according to the company's statement.
Analysts of IIFL Securities keenly monitor how INOX executes and rebuilds its order book, manages working capital, and pares down debt (Rs27bn) and remains an interesting play.
Margins should trend down, given the focus on growth and diversification into other states and sectors. Healthy balance sheet is a key positive.
Excluding deal-related amortization expenses, the Biogen Biosimilars deal could add 24% and 29% to Dr. Reddy’s FY24 revenue and profits on a pro-forma basis.