In October 2024, Renew Exim DMCC announced it had entered into an agreement to acquire a 46.64% stake in ITD Cementation India from its promoters for ₹3,204 crore. The acquisition also comes with an open offer by Renew Exim to acquire an additional 26% stake in an engineering and construction firm from public shareholders for ₹2,553 crore, if fully subscribed.
In a regulatory filing on Tuesday, the company revealed that it had allocated 2,17,78,798 equity shares at ₹402 per share to anchor investors. Prominent foreign and domestic institutions, including the Government of Singapore, Monetary Authority of Singapore, Government Pension Fund Global, and Fidelity, were among those who participated in the anchor round.
Stocks to watch, Bajaj Auto, M&M Financial, SBI Card, Mahanagar Gas, Bosch, Colgate-Palmolive, GMR Airports, BHEL, Motilal Oswal Financial Services, Suzlon Energy, MapmyIndia, Home First Finance, Star Health, JSW Energy, Grasim Industries, Religare Enterprises, Exide Industries, VIP Industries and more, these are the stocks to watch for today.
The RBI had announced open market operations (OMO) purchase auctions of government bonds aggregating ₹60,000 crore, Variable Rate Repo (VRR) auction of ₹50,000 crore and foreign exchange swap of USD 5 billion.
Shares of GMR Airports Ltd ended at ₹71.13, up by ₹0.60 or 0.85% on the BSE.
A day before the presentation of the Union Budget, the Economic Survey 2024-25 is scheduled for release on January 31. It will provide a detailed analysis of India’s economic performance over the past financial year.
The Nifty50 index is expected to have established a short-term bottom near the 22,800 mark, with immediate support at 22,780.
A healthcare budget is an essential part of the Union Budget. In Budget 2024, ₹90,958.63 crore was allocated for the country’s healthcare sector. The government allocated ₹87,656.90 crore to the health and family welfare department and ₹3,301.73 to the health research department.
The company’s AUM reached ₹11,949 crore, registering a 32.6% YoY increase and a 6.4% growth QoQ. Shares of Home First Finance Company India Ltd ended at ₹959.15, down by ₹17.95, or 1.84 %, on the BSE.
Shares of CE Info Systems Ltd ended at ₹1,592.10, down by ₹70.20 or 4.22% on the BSE.
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