Here are some of the stocks that may see significant price movement today.
Zomato: The meal delivery firm finished its Qualified Institutional Placement (QIP) issue, raising ₹8,500 Crore by allocating 33.64 Crore equity shares at a price of ₹252.62 per share, a 5% discount to the floor price of ₹265.91 per share.
KEI Industries: The business collected ₹2,000 Crore by allocating 52,63,157 equity shares to 104 qualifying institutional buyers at an issue price of ₹3,800 per share, representing a 2.07% reduction to the floor price of ₹3,880.54 per share. As per reports, investors include ICICI Prudential Mutual Fund, Government Pension Fund Global, Kotak Mutual Fund, and Motilal Oswal Mutual Fund.
Hinduja Global Solutions: The board has approved Hinduja Global Solutions’ granting of a CAD 40 million guarantee to Metrolinx, a Canadian public sector organization, for the execution of the contract for digital and back-office services by HGS Canada Inc., the company’s step-down wholly owned subsidiary.
Reliance Industries: Reliance Finance and Investments USA LLC, a step-down wholly owned subsidiary of the business, has engaged into a stock purchase agreement with Wavetech Helium, Inc., purchasing a 21% share in Wavetech for USD 12 million. Wavetech is a helium gas exploration and production firm.
PC Jeweller: The board has set December 16 as the record date for the subdivision or split of equity shares. Under this scheme, one equity share with a face value of ₹10 will be divided into ten equity shares, each with a face value of ₹1.
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