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The IPO comprises a fresh issue of Rs 450 crore and an offer-for-sale of up to 24.12 lakh shares by existing shareholders and promoters.
The company's board will convene on October 4 to determine the issue price for the QIP
On September 27, PFC's stock rose nearly 6 % following the announcement of an MoU with PNB for infrastructure and power project development
A 51% stake in TCNS Clothing has been acquired by Aditya Birla Fashion Retail Ltd (ABFRL), making it a promoter of the women's clothing company.
JSW Infra IPO comprises a fresh issuance of Rs 2,800 crore worth of shares, there's no offer for sale (OFS) component.
Aditya Birla Capital received shares on a rights basis on Tuesday, according to the business.
The company is raising Rs 1000 crore from the issue at a price of Rs 1000 each. Investors need to apply for a minimum of 10 NCDs in a lot.
TSC Bosh, Executive Director (Infra & Logistics), REC, and PNB Chief General Manager Rajeeva signed the MoU.
The price band for the public issue, which closes on September 27, is set at Rs 113-119 per share.
The net proceeds from the fresh issue will be channeled into enhancing Fincare Small Finance Bank's Tier-1 capital base to meet future capital requirements.