Markets are trading in the red, with the NIFTY50 trading below the 19,800 level, as of 11:30 am. Here are the top stories for the day!
⭐Adani Green and Total Energies form $300 mn renewable JV
Adani Green Energy and French company Total Energies have signed an agreement to create a 50:50 JV with a 1,050 MW portfolio of solar and wind power assets. Total Energies also holds 19.75% of Adani Green Energy. The JV will support Adani Green’s vision of building a renewable capacity of 45 GW by 2030.
⭐ Sheela Foam launches QIP issue
Sheela Foam has opened its Qualified Institutional Placement (QIP) issue at a floor price of ₹1,134 per share, which is at a 3% discount to yesterday’s closing price. The company aims to raise funds for its expansion plans and to strengthen its financial position in the market.
⭐EMS Ltd lists at 33% premium
The logistics company made its debut on the NSE and BSE on Thursday. The company’s shares listed at ₹282.05 per share on the NSE, which is 33.7% higher than the issue price of ₹211.
⭐West Coast Paper gets approval for acquisition
Shares of the paper products manufacturer are up 3.8% today. This comes after the National Company Law Tribunal (NCLT) approved the company’s plan to acquire plywood maker Uniply Decor.
The content of this article is pure for informational purposes. The stocks mentioned are not recommendations. Investment in the securities market are subject to market risks. Please read all related documents carefully before investing. Past performance of securities/instruments is not indicative of their future performance.
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