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Market Updates

The Markets are expected to open marginally lower today as trend in GIFT nifty indicate a negative start for the broader index after Nifty closed 38 points lower at 21,418 on Monday.

Kaynes Technology: The company opened its QIP for raising up to Rs 1,400 crore and set the floor price at Rs 2,449.96 per share, which indicates a discount of 5.8% to the stock's previous close of Rs 2,601.65 on NSE.

JTL Industries: The company approved raising up to Rs 810 crore via issuance of warrants and raising up to Rs 500 crore via QIP.

Vakrangee: The company has entered into a share purchase agreement for the acquisition of 8.8% of the equity share capital of Vortex Engineering from International Finance Corp.

KPI Green: The company opened its QIP for raising up to Rs 300 crore and set the floor price at Rs 1,245 per share, which indicates a discount of 9.64% to the stock's previous close of Rs 1,377.85 on NSE.

PNC Infratech: The company emerged as the lowest bidder for the Rs 1,174 crore road project in Madhya Pradesh.

Olectra Greentech: NCLT dismissed the company's petition against MLR Motors for recovery of Rs 10 crore.

Info Edge:

The company has agreed to invest Rs 40 lakh in unit Jeevansathi Internet Services.

Prataap Snacks: The company clarified on a media report of promoters being in talks for the sale of a controlling stake. The company is not in negotiations, as reported in the article.

Biocon :

The company's unit, Biocon Biologics, announced the successful completion of the transition of the acquired biosimilars business in 120 countries across advanced and emerging markets.

HDFC Bank:

The private lender has raised Rs 7,425 crore through its maiden 10?year infrastructure bond issue on Monday, at a coupon rate of 7.71%, according to market participants with knowledge of the matter.

Vedanta: The company approved a second interim dividend of Rs 11 per share, amounting to Rs 4,089 crore. The record date for the payment of dividends is Dec. 27.

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