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Promoters held 45.25 per cent stake in the company as of 31-Dec-2023, while FII and DII ownership stood at 16.6 per cent and 19.84 per cent, respectively.

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A total of 9,544 shares changed hands on the counter till 12:49PM (IST).

Meanwhile, other altcoins such as Solana, Avalanche, Cardano and Polygon fell 3-4%. XRP, Dogecoin, Chainlink, Polkadot, Internet Computer and Shiba Inu also declined up to 3%.

The non-banking finance company is offering bonds maturing in 18 months, 27 months and 36 months at yields ranging from 10.47% to 11.19%.

​Historically, FDA issues never get resolved in two-three months. They take a prolonged period, almost a year or so. But depending on how that goes, I think that will determine the performance.

A total of 6,597 shares changed hands on the counter till 11:21AM (IST).

Well, these losses are primarily because of the other aspects relating to depreciation and also in terms of Ind AS 115. So in terms of operating profit, Mundra has made operating profit in terms of EBITDA, it has made profit. But because of these aspects about the depreciation and also because of the Ind AS requirement, you have seen the losses, which is a nominal loss.

Its revenue from operations, however, rose 8.43% to Rs 6,742 crore in Q3 FY24 as against Rs 6,218 crore in the corresponding period last fiscal.

As of 31-Dec-2023, promoters held 50.23 per cent stake in the company, while FIIs held 24.73 per cent and domestic institutional investors had 15.02 per cent.