News Overview

According to news reports, 2.3 million shares, or 0.5% equity, worth ₹352.9 crore changed hands on Tuesday at an average share price of ₹151 per.

This special dividend will benefit Vedanta, the promoter with a 65% stake in Hindustan Zinc, aiding in further de-leveraging its balance sheet.

Shriram Finance, Tech Mahindra, Sun Pharma, and TCS also reached their 52-week highs, further showcasing their robust performance.

Table Space and the Panchshil Group have formed an equally owned joint venture with an equity stake of Rs 800 crore for the Pune commercial project.

Share allocation is expected to be finalized on August 22, with refunds processed on the same day and shares credited to demat accounts on August 23.

India produced 143 million tons of crude steel in FY24, up 12.6% from 127 million tons in FY23.

In order to encourage ethical behavior, the regulator wants to expand the market by improving participation, facilitating access, and safeguarding users.

It further stated that there will be a one-time impact when presenting the financial results for Q2 of FY25 and calculating the profit after tax.

This acquisition aligns with POWERGRID's core focus on power transmission and reinforces its commitment to enhancing the national grid, especially for renewable energy zones (REZ).

The company intends to raise funds through a variety of means, including a private placement, one or more qualified institutional placements.