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February 1, 2023

Adani Enterprises FPO subscription details:

Day 3

The FPO was subscribed 1.12 times as on 7 pm on Jan. 31.

Institutional investors: 1.26 times.

Non-institutional investors: 3.32 times.

Retail investors: 0.12 times.

Employees: 0.55 times.

Union Budget: Finance Minister Nirmala Sitharaman to present the Union budget today.

Reliance Industries: Reliance Consumer Products, a wholly- owned subsidiary of Reliance Retail announced a strategic partnership with Sri Lanka-based Maliban Biscuit Manufactories Pvt. Ltd.

Vodafone Idea:The company’s board has approved the allotment of Optionally convertible, unsecured, unrated and unlisted debentures worth Rs 1,600 crore to ATC Telecom Infrastructure Pvt. Ltd. EGM will be convened on February 25 to seek shareholder approval for the same.

Coal India: The company’s sales were at Rs 35,169 crores, net profit is up by 70% year on year, profit after tax up by 28%.

Indian Hotels: Company’s revenue is up by 52% year on year, company saw a 90% jump in profits compared to pre covid levels.

Sterlite Tech: STL signed an agreement to sell its telecom products software business on a Indian subsidiary.

Tata Motors: The company on said it has raised the second and final tranche of Rs 3,750 crore from TPG Rise Climate as per an agreement inked in 2021. Company had announced that it will raise $1 billion in its passenger Electric Vehicle (EV) business from TPG Rise Climate in exchange for compulsorily convertible preference shares to create a portfolio of EVs and dedicated Battery Electric Vehicle (BEV) platforms.