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Stock lists at discount of 9.3% to offer price, cracks further to close at Rs 1,564.15

The offers from the state-owned entities came within months of Assets Care & Reconstruction Enterprise (ACRE) and Dubai-based entity Citax Energy giving indicative offers to the lenders, the people said.

Vodafone is the only company that has yet to apply formally. The telecom operator has to make its application under a separate provision notified later and, therefore, has more time to do so.

If such action is allowed to go through, other states may follow suit, thereby posing a systemic risk to power sector investments- existing and upcoming-including investments in much needed RE space, Association of Power Producers has said.

The Securities Appellate Tribunal (SAT) on Thursday asked Sahara group firm Sahara India Commercial Corporation Ltd and its then directors including Subrata Roy to deposit Rs 2,000 crore with Sebi within four weeks.

Paytm’s IPO and listing can potentially soften the private markets and tech valuations overall in what has been a record year for dealmaking in the digital economy, investors and analysts say.

Its day-one nightmare even eclipsed the worst trading debuts ever by US firms that raised at least $2 billion in their IPOs.

The bonds, with face value of Rs 1 crore each, are perpetual in nature and bear coupon of 8.70 per cent per annum. Perpetual bonds carry no maturity date, so they may be treated as equity, not as debt.

The company manufactures and assembles a wide array of products and provide end-to-end product solutions.

“With the easing of COVID-19 induced lockdown, the company witnessed a strong demand for residential properties. We registered strong booking in our on-going projects with improved realisation and registration of properties in completed projects,” said Pankaj Bajaj, Chairman and Managing Director of the company.