Recommendation: Buy; Target price: Rs 750
The project represents successful collaboration between India and Bangladesh.
Recommendation: Reduce; Target price: Rs 460
The Nifty PSU Bank index is trading nearly 1% higher.
Improved economic conditions and increased purchasing power in rural areas contributed to the surge in demand.
Counteroffers must be 5% greater than the anchor offer of Rs 1,220 crore, according to the lenders' requirements.
TML originally issued 'A' Ordinary shares in 2008, followed by another QIP in 2010.
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