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The surge follows a notable block deal involving 7 crore shares, equivalent to a 2.8 % stake, on the stock exchanges

Investors with low risk appetite and want to invest for 3 to 5 years to diversify the portfolio should invest in Bajaj Finserv Arbitrage Fund.

The BSE midcap index faced a decline of 3 percent, while the Smallcap index registered a more significant decline of 4 percent.

These FMC projects will be executed in three phases and will collectively have a capacity of 763.5 million tonnes per annum (MTPA) upon completio

The goal is to introduce world-class technology to India, which has been previously limited to a few countries such as Europe, China, and Japan

Sensex and Nifty had both climbed by over 0.5% in the early session

The company, backed by global private equity firm TPG, allocated 56,58,201 equity shares to anchor investors at a price of Rs 1,035 per share.

This strategic move is expected to generate proceeds of Rs 750-850 crore, subject to working capital and other factors

Investors have the opportunity to acquire shares within the price range of Rs 200-211 per share.

The block deal involved approximately 5.1 crore shares, equivalent to a 0.8 % stake in the bank, with an average floor price of Rs 94.50