Shares are expected to be sold at a discount of 3%-5% to the market price.
Production is likely to resume after 30 days.
Total commercial vehicle domestic sales fell 3% last month to 36,565 units.
The company sold 18,571 automobiles in February, a significant increase of 27% over the same month last year, mostly due to domestic performance.
In comparison to February 2022, total domestic sales of Eicher trucks and buses increased by 33.5% to 6,799 units, while exports fell by 53.8% to 301 units.
Analysts at IIFL Capital Services have upgraded their consolidated PAT estimates for Torrent Power (TPW) for FY23-25 by 40%/7%/7% to reflect the massive LNG trading gains, and YTD performance of distribution assets.
The promoters of PTC India - NTPC, NHPC, Power Finance Corp, and Power Grid Corp - control around 16% of the company.
The city gas distribution company, IRM Energy comprises fresh issue of up to 10,100,000 equity shares.
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