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The company, in an exchange filing, said it had allotted 2.01 crore shares to 18 investors such as Franklin Templeton MF, SBI Life Insurance, Tata MF, Societe Generale, BNP Paribas, Copthall Mauritius Investments, Authum Investment, Aurigin Master, and Winro Commercial, among others.

In the June quarter, total vehicle sales declined 3% YoY, but grew 7% sequentially. Domestic sales were marginally down by 0.8% on a YoY basis while exports slumped 43%

The SoftBank-backed company, valued at just $446.8 million as of last close, has been in turmoil ever since it filed its IPO paperwork in 2019 as investors pointed out governance issues involving its then founder-CEO Adam Neumann

The floor price for the same has been fixed as Rs 18.44, which is nearly 6% discount from the current levels

"There is no doubt that there is plenty of momentum here," said Naeem Aslam, chief investment officer at Zaye Capital Markets. "The clear trend seems to be skewed to the upside."

The stock has gained momentum as the company is seen putting behind corporate governance issues that had impacted the company in the last 18 months and is well positioned to fund a plethora of green projects across the country

The company that controls over 50 per cent share in the domestic wine market, said its focus on premiumisation has paid off with its elite and premium wines clocking over 35% growth this quarter

The sector was among the worst performing in terms of returns (in low single digits) posted for the investors from FY15-19. Due to the structural changes, manufacturing stocks performance has been better than its peers

The bank will enter into a share subscription agreement to acquire 14,25,79,161 shares of Max Life on a preferential basis at a fair market value of Rs 113.06 a share.

The focus now is on an inflation report this week after mostly dovish comments from Fed officials