The issue consists of sale of fresh equity worth Rs 350 crore, while promoters of the company will offload 90,00,000 equity shares via offer for sale (OFS) route.
Shares reaching a new 52-week high of Rs 129 is driven by optimism surrounding the Kavach system
The first two months of FY24 were absolutely phenomenal for FPI flows into equities.
Analysts of IIFL Capital Services cut estimates by ~10% for FY24-25 and downgrade to REDUCE.
Analysts of IIFL Capital Services see increased competition coming in from ASTRA and Tile players in FY24.
Analysts of IIFL Capital Services see either a spike in oil, price cuts towards H2 or a combination of both playing out.
On Tuesday, the Indian rupee showed gains against the US dollar
The issuance will take place in one or more tranches. The funds will be raised on a private placement basis.
The company’s total capacity will reach 48.15 MWp.
The floor price for the auction has been set at Rs.3,150 per share
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