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Last month, Boston-based ATC had informed the US Securities and Exchange Commission (SEC) that Vi’s OCDs would mature in two tranches of Rs 800 crore each on August 27, 2023 and August 27, 2024. That has now changed.

Promoters held 50.05 per cent stake in the company as of 30-Jun-2023, while FII and DII ownership stood at 9.98 per cent and 9.21 per cent, respectively.

"Reliance jio will be competing with large book size NBFCs like Bajaj Finserv who are in actual granular lending in Bharat, not in India. Anand Rathi has presence in 11 different businesses and their aspiration of NIM, of my sister company, is 1.2%. We are anyway not playing the NBFC game. I personally think they will actually expand the universe more from an asset management standpoint. So from an asset management standpoint, it is great news."

​Also, I think I would be eagerly looking forward to the announcements in Jio Financial, considering that is the latest one which got demerged. They are stitching together a good team. It is a great brand. They have a good capital base and more importantly they have the technology and data analytics. So, this is what you need for any financial services to do well.

A total of 1,158 shares changed hands on the counter till 12:07PM (IST).

Reliance Industries AGM has been a highly-anticipated event as company chairman & managing director Mukesh Ambani makes announcements on what RIL will do next to drive growth

"Market will look out for further indication for listing of other Reliance subsidiaries like retail and telecom." Coming to Jio Financial, Maheshwari says "we know the reach of Jio, the backing of the group, as well as their vast other businesses which will all support Jio basically in this endeavour. So, all in all, it looks very positive to me. Every fall in Jio should be looked at as a buying opportunity."

Macquarie maintained an outperform rating on Delhivery but raised the target price to Rs 520 from Rs 460 earlier. It is our preferred India e-commerce proxy, said the note. The brokerage firm sees a 19% 5-year revenue CAGR with net profit breakeven in FY25.

At the interbank foreign exchange, the domestic unit opened at 82.58, then touched a high of 82.52 against the American currency, registering a rise of 12 paise over its last close.

The stock traded at a P/E multiple of 69.18, while the price-to-book value ratio stood at 5.35.