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The dividend consideration comes amid concerns around the ability of Vedanta Resources, the parent of Vedanta, to meet debt maturities in the coming quarters.

The project is for a six-laning of 16-kilometre access-controlled Greenfield highway from Audireddipalle to Mallapalle, Bengaluru-Vijayawada Economic Corridor on HAM mode under the Bharatmala Pariyojana Phase-I in Andhra Pradesh, the company said in a filing.

Valuations in the listed API space have experienced huge price corrections, making them appear attractive, according to Cyndrella Carvalho, Vice President - Healthcare/Pharma Lead, Institutional Research, JM Financial. However, Carvalho added that one or two more quarters are needed for supplies to normalize in the API market to give a clearer understanding of the supply-demand scenario.

"The crypto market is feeling the pressure of CFTC action against Binance as BTC price has slipped around the $27,000 level which is a drop of nearly 3% in the last 24 hours. We can expect the market to remain choppy in the coming weeks owing to the latest developments," Shivam Thakral, CEO of BuyUcoin, said.

As of 31-Dec-2022, promoters held 25.55 per cent stake in the company, while FIIs held 39.61 per cent and domestic institutional investors had 11.63 per cent.

The reason for the sharp fall in the stock couldn’t be ascertained at the time of filing this report. However, the private sector lender has been struggling with rising bad loans at a time when most of its peers, including the public sector ones, have shown sharp improvement in asset quality.

The stock quoted a 52-week high price of Rs 432.8 and low of Rs 132.55.

The company had filed preliminary IPO papers with Sebi on January 4, 2023. The IPO consists of a fresh issue of Rs 202.50 crore and an offer-for-sale of up to 5.7 million equity shares by its existing shareholders and promoters.

JM Financial adjusts its earnings by 3-5% to factor a gradual GM improvement.

One97 Communications which owns a 49% stake in Paytm Payments Bank (PPBL) said in a stock exchange filing on Monday that the payments bank will have a beneficial impact in the form of meaningfully lower interchange fees paid to PPBL for Paytm wallet since this is now based on the lower standardized interchange.