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.
Analysts of IIFL Securities preferred picks are HG Infra and PNC among Road players and Powermech Projects.
Earlier, the firm based in Bengaluru held a 50% stake.
Recommendation: Add; Target Price: Rs 165
India's steel demand is projected to reach 136.97 MT in FY25, growing at 6.3%.
Investment may be made in seaport and renewable energy projects.
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.
These projects are in Myanmar, Bangladesh, Vietnam, South Sudan, and Colombia.