The company has set a price band of Rs 420-441 per share for its Rs 846.25 crore issue. The IPO is entirely an offer for sale (OFS)
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Ahead of IPO, NTPC Green Energy sets up joint venture with MSPGCL (26-11-2024)
State-owned NTPC on Tuesday said its arm has set up a 50:50 joint venture with Maharashtra State Power Generation Company Ltd.
The two parties have launched MAHAGENCO NTPC GREEN ENERGY PRIVATE LIMITED (MNGEPL), which will develop, operate and maintain renewable energy parks in Maharashtra.
According to a regulatory filing, the MNGEPL was incorporated on November 25, 2024, as a 50:50 joint venture of NTPC Green Energy Ltd (NGEL), a wholly-owned subsidiary of NTPC Ltd and Maharashtra State Power Generation Company Ltd (MAHAGENCO), a Government of Maharashtra owned company.
The JV will be engaged in the business of developing, operating and maintaining renewable energy parks in Maharashtra under UMREPP and allot parks for development of Renewable Energy Projects, it added.
The NGEL has subscribed 50,000 equity shares at the face value of Rs 10 each.
Broker’s call: Genesys Intl (Buy) (26-11-2024)
Elara Securities
Gold prices plunge ₹1,391 per 10 grams as geopolitical concerns ease (26-11-2024)
Ceasefire agreement between Israel and Hezbollah leads to reduced safe-heaven fund flows, which have lowered gold prices
Protean EGov Technologies Ltd – A Play on the ONDC, Digital Policies (26-11-2024)
How will it benefit this company?
Angel One AMC receives SEBI approval to commence its mutual fund biz (26-11-2024)
Angel One Asset Management Company, wholly owned subsidiary of Angel One, has received the approval from the Securities and Exchange Board of India (SEBI) to act as the asset management company for Angel One Mutual Fund. With this milestone, Angel One marks its entry into the asset management space, focusing exclusively on passive investment solutions.
Wipro secures 4-year extension of its contract with Marelli (26-11-2024)
Wipro has today announced the extension of its work with Marelli, a global leader in automotive solutions, for an additional four years.
A tool to compare against industry average (26-11-2024)
If you go throgh the scanner, it gives you all the required info to invest judiciously. So don’t waste your time in creating a new tool. Investment is all about investing in a company which has successfully generated revenue year on year with certain growth in such revenue year on year plus EBITDA is above 20% of the revenue and it is growing atleast 10% year on year. Make sure the promoter’s equity is in excess of 50% and the debt equity is less than 1. If you ensure these factors, I am sure you will be accumulating wealth at a good pace going forward. All the best in your investment journey.
Enviro Infra IPO subscribed 89.90 times on final day of bidding (26-11-2024)
The initial public offer of sewage treatment solutions provider Enviro Infra Engineers was subscribed 89.90 times on the closing day of bidding on Tuesday. The initial share sale received bids for 2,76,83,13,747 shares against 3,07,93,600 shares on offer, as per NSE data.
Vedanta Resources raises USD 800 mn from global investors via new bond issue (26-11-2024)
UK-based Vedanta Resources, the parent of India’s Vedanta, has raised USD 800 million from global investors through a new bond issue. The proceeds will be used to prepay the company’s outstanding debt due in 2028.