JSW Energy acquires Ind-Barath Energy (Utkal)

JSW Energy acquires Ind-Barath Energy (Utkal)
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For more updates on F&O, click here.⭐JSW Energy acquires Ind-Barath Energy (Utkal)
JSW Energy has completed the acquisition of 700 MW Ind-Barath Energy (Utkal) through insolvency proceedings. As per the resolution, JSW Energy will pay ₹1,047 crore for 95% equity stake, while the balance 5% will be collectively held by the secured financial creditors.
⭐KFin Technologies debuts today
Shares of KFin Technologies, which runs a financial service platform, is expected to list on the bourses on 29th December. The company’s IPO was subscribed 2.5 times. It raised ₹1,500 crore through the IPO which was priced in the range of ₹347-366 apiece.
⭐Ashoka Buildcon secures new order
Infrastructure firm Ashoka Buildcon has bagged a project worth ₹754 crore. The new project comes from Madhya Pradesh PoorvKshetra Vidyut Vitaran Company and involves supply, installation and commissioning of a new 11 KV line.
Global markets (at 8:30 AM today)
| Indices | Today's movement |
| --
  • | --
  • |
    | SGX Nifty | **▼ **0.45% |
    | Nikkei 225 (Japan) | **▼ **1.30% |
    | Hang Seng (Hong Kong) | **▼ **0.90% |
    | SSE Composite (China) | **▼ **0.10% |
    | Dow Jones (US) (December 28) | **▼ **1.10% |
    | NYSE (US) (December 28) | **▼ **0.91% |
    | Nasdaq (US) (December 28) | **▼ **1.35% |
    | S&P 500 (US) (December 28) | **▼ **1.20% |
Fact of the day
As per a new report, passenger air traffic will hit 93% of pre-pandemic levels in FY23 and could surpass pre-covid levels in FY24.
Source: ** Live Mint**