Jun 17, 2021By: Rounak Jain
Its board will meet on June 21 to consider raising Tier-1 capital through issuance of debt securities, either via a public offer or through private placement.
It has partnered with Exaware to develop engineering solutions with respect to networking, 5G technology upgrades and setting a foot in the door with respect to 6G.
The Adani Group stocks continued to remain under pressure despite clarifying the news about the suspension of accounts of its foreign institutional investors. This could extend to today as well as the bears take charge.
Dow Jones tumbled after the US central bank signalled a dial back in the stimulus that fueled an economic recovery in the country.
Power Grid Corporation, Natco Pharma, Novartis India, Hindustan Media Ventures, IFB Agro Industries, Indostar Capital Finance, Jammu & Kashmir Bank, Power Mech Projects.
Issued equity shares worth ₹916 crore to World Bank associates. It will also raise ₹4,000 crore via qualified institutional placement, rights issue etc., and ₹8,000 crore via debt instruments.
The company’s Board will meet on June 23 to consider raising ₹1,000 crore via debt.
It will redeem bonds worth ₹450 crore issued in January 2019.
Its March 2021 quarter net profit fell by half to ₹41 crore from ₹89 crore, but revenue surged by over 16 percent to ₹601 crore, year-on-year.
The Tata group company is considering extending the term of its managing director Guenter Butschek by another year.
It has received an order from Tata Projects for above ground piping spools, for a major project in the hydrocarbon sector.