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FE10, incorporated in March 2024, is a special purpose vehicle focused on new renewable energy projects and has not yet reported any turnover.

It’s IPO of INR 19000 million is primarily aimed at providing liquidity to existing investors.

The venture will follow a 50:50 shareholding structure, with Morepen Medipath indirectly holding a 30% stake.

The company further informed that the project is scheduled to be completed in the financial year 2026-27, subject to regulatory approvals.

The order will be delivered in stages over the next six to ten months and deployed across ACME’s firm and dispatchable renewable energy (FDRE) projects as well as standalone BESS projects

Eicher Motors, Maruti Suzuki and M&M hits 52-week high in Nifty.

At around 2.19 PM, Glenmark Pharma was trading 2.97% higher at ₹2,112.90 per piece, against the previous close of ₹2,051.90 on NSE.

This was a major block deal for Kotak Bank. In the large trade, about 3.22 Crore shares changed hands worth ₹6,256 Crore.

IT stocks continued to see selling pressure. NIFTY BANK witnessed a modest revival as it recovered after 2 consecutive weeks of losses. NIFTY FMCG notched its 3rd consecutive week of gain.

Here are some of the stocks that may see significant price movement today: Bajaj Auto, Sterling & Wilson Renewable, Vodafone Idea, etc.