Company's stock rises after it announces that its financial services business will be demerged from Reliance Industries.
The center will be set at Thiruvananthapuram campus of Tata Elxsi.
The 3 entities that will be merged in it are L&T Finance Limited, L&T Infra Credit Limited, and L&T Mutual Fund Trustee Limited.
As per the RBI letter, once PPSL obtains approval from the GoI, it will have a 15-day window to submit an application.
HDFC is currently assessing the offer and is anticipated to make a decision within the next few weeks.
HSBC along with some other banks to buy the bonds.
Kalpataru has completed 110 real estate projects till now.
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