The key equity barometers bounced back and hit the day s high in morning trade. The Nifty marched towards the 14,800 mark. Realty stocks witnessed bargain hunting after a four-day losing streak.
At 10:20 IST, the barometer index, the S&P BSE Sensex, was up 352.84 points or 0.71% to 50,097.16. The Nifty 50 index advanced 93.75 points or 0.64% to 14,769.45. The equity benchmarks saw value buying after declining over 4% in the past five sessions.
In the broader market, the S&P BSE Mid-Cap index gained 1.08% while the S&P BSE Small-Cap index added 0.73%.
The market breadth was strong. On the BSE, 1472 shares rose and 542 shares fell. A total of 91 shares were unchanged.
On private placement basisThe Board of IRB Infrastructure Developers at its meeting held on 22 February 2021 has approved the allotment of Unlisted, Unrated, Secured, Redeemable, Nonconvertible Debentures aggregating to Rs 2,184.55 crores on a private placement basis to India Toll Roads. For this purpose, the Company has executed the Debenture trust deed and other transaction documents.
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Rakesh Jhunjhunwala, wife Rekha earned Rs 18.4 crore per day with this stock for 11 sessions
While Jhunjhunwala owned 11.60 shares in the firm, his wife Rekha Jhunjhunwala held 6.67 crore shares during the period.
Aseem Thapliyal | February 15, 2021 | Updated 17:20 IST
Jhunjhunwala and his wife Rekha held 7.83 crore shares of the infrastructure firm for the quarter ended December 2020.
Ace Indian Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala have made Rs 18.40 crore per day from the stock of NCC Ltd in the last 11 trading sessions. Jhunjhunwala and his wife held 7.83 crore shares of the infrastructure firm for the quarter ended December 2020. While Jhunjhunwala owned 11.60 shares in the firm, his wife Rekha Jhunjhunwala held 6.67 crore shares during the period.
IRB Infrastructure Developers has entered into definitive agreement with India Toll Roads - Foreign Portfolio Investor, for raising of funds by issuance of Non Convertible Debentures up to Rs 2220 crore.
The proceeds will be utilised for repayment of existing loans up to Rs 1600 crore and balance for meeting capex requirements and general corporate purpose.
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