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Telecommunications Consultants India, the only public shareholder in Bharti Hexacom, is diluting its 15% stake, equivalent to 7.5 Crore equity shares, out of its total 30% shareholding, through the OFS route. Promoter Bharti Airtel holds a 70% stake in the company.

The contracts mandate completion within 12 months, with an additional 25-year operation and maintenance period from the commercial operation date for each project.

Leading the losses on the Nifty were Hero MotoCorp, HCL Technologies, Kotak Mahindra Bank, ICICI Bank, and SBI Life Insurance, while notable gainers included Tata Consumers Products, M&M, BPCL, Bajaj Auto, and Adani Ports.

The company's ₹130 crore public issue witnessed robust demand, with a subscription rate of 86.57 times during March 26-28.

The company has reached significant milestones in FY24, including its highest-ever cast metal production of 463,428 metric tons, bauxite excavation totaling 76,00,230 metric tons, and metal sales amounting to 470,108 metric tons. Additionally, during the year, the company expanded its product range by introducing a new aluminum alloy ingot (AL59).

Petrol and Diesel prices in cities across India on 03-04-2024

According to George Kovoor, Senior Vice President, Beverages at PepsiCo India, the new establishment would be the company's second flavour manufacturing plant in India.

UltraTech Cement highlighted that it achieved a significant milestone by adding 50 mtpa capacity in less than 5 years, with an investment of around ₹32,000 Crore, after reaching 100 mtpa capacity over 36 years.

Sector-wise, tech, IT, telecommunication, and banks experienced declines, while consumer durables, services, metal, utilities, and commodities witnessed gains.

The Sensex and Nifty indices are likely to open lower today, reflecting weak cues from global markets and SGX Nifty.