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.
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
The company will be going to use net proceeds from the issue towards debt repayment and other general corporate purposes.
The company has filed DRHP in February 2022 to float initial public offer and get approval in May 2022, but did not launch the IPO amid weaker market conditions.
Tata Play being the first company which uses the route of confidential pre-filing of draft papers option for an initial share sale in December 2022.
TPG Capital has 20.99% stake in RR Kabel.