Read more about Vodafone Idea slips 4% amid reports of fund raising plan hitting a snag on Business Standard. Vi s talks with the Oak Hill consortium have not led to a binding agreement as there were unresolved issues around funding terms, a media report said
Read more about Heranba Industries lists at 44% premium over issue price of Rs 627 on Business Standard. The initial public offer of the Gujarat-based firm was subscribed 83 times
Shares of RPP Infra Projects erased early losses and jumped 9 per cent to hit a fresh 52-week high of Rs 81.75 on the BSE in Wednesday s intra-day trade after the firm said it has bagged four orders worth Rs 1,000 crore.
The company, in an exchange filing, on Wednesday announced that it has received four letters of acceptance for four new projects.
Among the four orders that the company has won, one is from the Tamil Nadu Water Supply and Drainage Board under the Jal Jeevan Mission worth Rs 131.14 crore. It has bagged another order from the Highways Department as part of the Chennai-Kanyakumari Industrial Corridor Project which involves upgrading two stretches of the road at a total contract price of Rs 558.66 crore.
Read more about Shipping Corp surges 19% as govt gets multiple bids for privatisation on Business Standard. DIPAM, in December, had invited EoI for strategic disinvestment of its entire stake of 63.75 per cent in Shipping Corp of India
Shares of APL Apollo Tubes (APL Apollo) and Apollo Tricoat Tubes (Apollo Tricoat) rallied up to 10 per cent to hit their respective all-time highs on the BSE in intra-day trade on Monday after their boards approved the merger of Shri Lakshmi Metal Udyog and Apollo Tricoat with APL Apollo. The stock of APL Tricoat rallied 10 per cent to Rs 1,020, while APL Tubes gained 5 per cent to Rs 1,125. In comparison, the S&P BSE Sensex was up 1.2 per cent at 49,693 points at 09:25 am. Apollo Tricoat’s minority shareholders will receive one equity share in APL Apollo for each equity share held in Apollo Tricoat. This implies a premium of 16 per cent to the previous closing price for Apollo Tricoat’s shareholders. The merger will result in an increase of 10.8 per cent in APL Apollo’s share capital.