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.
Analysts of IIFL Securities outlook for Kharif is in general positive, as Kharif season would see limited impact of El Nino in coming months
Analysts of IIFL Securities top picks in the sector are Titan, Shoppers and Vedant Fashions.
The floor price for the two-day OFS is set at ₹225 per share.
Analysts of IIFL Securities preferred picks are HG Infra and PNC among Road players and Powermech Projects.
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 165
Path to recovery could be longer, analysts of IIFL Securities see FY24 distribution to be flat YoY with higher interest outflow offsetting any NOI increase.
The Scheme would invest in Securities covered by S&P BSE Housing Index and debt and money market instruments.
NTPC is also planning to come up with initial public offering for its renewable energy arm NTPC Green Energy Ltd (NGEL) to raise funds