JSW Energy acquires Ind-Barath Energy (Utkal)

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⭐ 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)

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