Here are some key companies to watch in the stock market today:
Reliance Power: The company is raising ₹1,525 crore through a special equity issue to boost its renewable energy projects and strengthen its financials. Its parent company, Reliance Infrastructure, will also increase its stake.
Vodafone Idea: The telecom company is in talks with the government over its large Adjusted Gross Revenue (AGR) dues. Despite challenges, the CEO reassured that their long-term recovery plan is still on track. Vodafone Idea hopes to complete its debt funding process in the next two months.
SpiceJet: The airline received a notice from the National Company Law Tribunal (NCLT) over a ₹1.18 crore debt claim, with a response due by November 14. SpiceJet has raised ₹3,000 crore from investors and expects to secure another ₹736 crore soon.
NHPC: The government-owned hydropower company declared a total dividend of ₹1,286.33 crore for the financial year 2023-24.
Punjab National Bank (PNB): PNB has launched a plan to raise up to ₹7,500 crore through a Qualified Institutional Placement (QIP), with an initial share price set at ₹109.16 per share.
Linde India: The Supreme Court dismissed Linde India’s appeal against a valuation ruling by SEBI involving related-party transactions.
Samvardhana Motherson International: The auto parts maker raised ₹6,438 crore, which will be used to pay off debt and fund general corporate needs.
AstraZeneca Pharma: AstraZeneca has received approval to import and distribute a cancer treatment drug, Durvalumab (Imfinzi), in India.
Power Grid Corporation of India: Power Grid won a new transmission project bid, strengthening its position in the power sector.
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