News Overview

Bajaj Electricals announced that CRISIL has assigned the following ratings on the companys bank facilities of Rs 2000 crore Long Term Rating CRISIL A Watch Developing Assigned; Placed on Rating Watch with Developing Implications Short Term Rating CRISIL A1 Watch Developing Assigned; Placed on Rating Watch with Developing Implications

Indian Hotels Co announced the closure of its QIP issue period today 25 March 2022 The company has approved the issue price of Rs 202 per equity share which is a discount of 073Percentage ie Rs 148 per share to the floor price of Rs 20348 per equity share for equity shares to be allotted to eligible qualified institutional buyers in the issue

Poonawalla Fincorp announced that its shareholding in Magma HDI General Insurance Company a joint venture will get reduced from the current 29321Percentage to 21522Percentage following proposed capital raise of Rs 44993 crore by Magma HDI by way of preferential issue to third party investors

Atam Valves will hold a meeting of the Board of Directors of the Company on 29 March 2022

Punjab National Bank has been allotted 108814050 shares of Rs 10 each through preferential allotment by National Asset Reconstruction Company NARCL The allotment translates into an equity shareholding of 9Percentage of the total paid up share capital of NARCL

Gian Lifecare will hold a meeting of the Board of Directors of the Company on 31 March 2022

MRC Exim will hold a meeting of the Board of Directors of the Company on 30 March 2022

NTPC announced that successful commissioning of third part capacity of 425 MW of 100 MW Ramagundam Floating Solar PV Project at Ramagundam Telangana with effect from 24 March 2022 With this standalone installed and commercial capacity of NTPC has become 5449468 MW Further group installed and commercial capacity of NTPC has become 6860968 and 6794968 MW respectively

Lupin has allotted 24230 equity shares under ESOP on 24 March 2022 With this allotment the paid up equity share capital has increased to Rs 908950028 consisting 454475014 equity shares of Rs 2 each

Adani Enterprises announced that the companys wholly owned subsidiaries Mahanadi Mines and Minerals and MP Natural Resources recently participated in the tenders invited by Nominated Authority Ministry of Coal Government of India and declared as successful bidders for the Bijahan coal block IB Valley coalfield in Odisha and Gondbahera Ujheni East coal block Singrauli coalfield in Madhya Pradesh respectively