Apr 19, 2021By: Rounak Jain
The bank reported a 18.2 percent increase in net profit in the March 2021 quarter year-on-year, while net interest margin stood at 4.2 percent.
It is all set to list on the stock exchanges today after its shares were oversubscribed by 1.36 times at an issue price of ₹486 per share.
It has completed the acquisition of 31.5 percent stake in Gangavaram port at ₹3,604 crore.
It has sold 100 percent stake in AirtelTigo to the Government of Ghana.
Drug makers like Hetero, Cadila, Cipla, Dr. Reddy’s Laboratories have reduced prices of remdesivir injection which is used in the treatment of COVID-19.
Its subsidiary Glenmark Life Sciences has initiated the process of public listing by filing its Draft Red Herring Prospectus (DRHP) with SEBI.
Its subsidiary has bagged a 150MW solar energy project from Torrent Power.
It has incorporated two subsidiaries – CIL Solar PV and CIL Navikarniya Urja for solar value chain manufacturing and renewable energy, respectively.
It will issue 15-year non-convertible bonds worth ₹3,996 crore via private placement, to be used toward capital expenditure and refinancing loans.
It is scheduled to announce its March 2021 results today. Its share price has surged recently, inching closer to its 52-week high.