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The stock quoted a 52-week high price of Rs 142.9 and a 52-week low of Rs 67.34.

The company allotted 2,50,000 unsecured, listed, rated, redeemable NCDs of face value of Rs 1 lakh each on September 24, 2024, Grasim Industries said in a filing.

​This is exorbitant profit making. So, I think the regulator has to first put curbs on the merchant bankers. As you are saying, diligence of them and if they have found fault, there should be severe and strict punishment on the institutional piece of the business, that is one. Second is what this is also leading to is the raising of capital when it is not needed.

The planned IPO targets a Rs 3,000 crore fundraising through a mix of new shares and an offer for sale. The OFS comprises up to 32 lakh equity shares, with major contributions from Waaree Sustainable Finance Private Limited, Chandurkar Investments Private Limited, and Samir Surendra Shah.

Major cryptocurrencies saw modest gains on Wednesday, with Bitcoin, Solana, and Cardano leading the rise. Bitcoin touched Rs 64,800 earlier today. The global crypto market cap increased 0.45% to $2.24 trillion. Experts expect further gains in the crypto market due to the global shift towards monetary easing.

HEG Ltd shares surged 10% after announcing a 1:5 stock split. The record date for the split is October 18. A 1:5 split means shareholders will receive five shares for every one they currently own.

The Relative Strength Index of the stock stood at 51.44 on Wednesday.