The regulator also authorised Bharti Enterprises Ltd (BEL) to pick up a 48.54% ownership in Bharti Management Services Ltd (BMSL).
The contract is valued at Rs 2,259.94 crore and is for advanced metering infrastructure services
Crisil and Care Ratings rate the bonds AAA with a stable outlook and a 10-year maturity.
Voltas said that the news of the planned sale was "totally incorrect and blatantly false, with no factual basis whatsoever" in a statement that was issued to both exchanges.
The move occurs despite the Reserve Bank of India (RBI) having not changed interest rates in five straight policy reviews.
Comparing the net profit sequentially, it increased by 5% from Rs 3,597.1 crore reported in the current fiscal year's first quarter.
According to a press statement from Shree Cement, the company's operating revenue of Rs 4,585 crore represented a 21% increase from Rs 3,781 crore in the previous year.
Recommendation: Buy; Target Price: Rs 590
The filing also said that preference shareholders will be entitled to a participatory dividend.
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