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The board approved the proposal to raise Rs 20,000 crore.
The funds will be raised through further public offering of equity shares.
The company will seek shareholder approval through postal ballot.
Source: Exchange filing
The broader indices outperformed their larger peers, with the mid-cap and small-cap indices gaining 0.75% and 0.71%, respectively. While large-cap mostly mirrored its larger peers.
Twelve out of the 20 sectoral measures complied by BSE Ltd. advanced, with BSE Realty and Auto gaining the most.
The market breadth is skewed in favour of the bulls. About 2,064 stocks rose, 1,329 fell and 136 remained unchanged.
The board of VA Tech Wabag has approved a proposal to raise up to Rs 200 crore via issuance of non-convertible debentures to Asian Development Bank.
The board also noted the management's efforts towards debt optimization and mentioned that the NCD proposal will further contribute to the same.
Source: Exchange filing
The broader indices outperformed their larger peers, with the mid-cap and small-cap indices gaining 0.47% and 0.49%, respectively.
The large-cap index was down by 0.07%.
Nine of the 20 sectoral measures complied by BSE declined, with BSE Utilities and FMCG declining the most.
The market breadth is skewed in the favour of bulls. About 1,788 stocks rose, 932 fell and 126 remained unchanged.
Chennai Petroleum Corp., Indian Oil Corp., along with seed equity partners have signed joint venture agreement for 9 MMTPA refinery project in Nagapattinam, Tamil Nadu.
IOC, CPCL to hold 25% of equity stake each, while balance 50% stake would be held by investors.
The planned investment in the refinery is Rs 31,580 crore and it will cater to the demand for petroleum products in Southern India.
Seed equity partners include ICICI Bank, HDFC Life and SBI Life, among others.
Source: Exchange filing
Yield on the 10-year bond opened flat at 7.24% on Friday.
Source: Bloomberg
Indian currency depreciated by four paise to 81.66 at the open against the greenback on Friday. It closed at 81.62 on Thursday.
Source: Bloomberg
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