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The board of directors of IDFC Ltd and the board of directors of IDFC Financial Holding Company at their respective meetings on Wednesday have approved sale of the entire shareholding of IDFC AMC and IDFC AMC Trustee.

The partially convertible rupee opened at 75.9400/$1 as against 75.7600/$1 at previous close. The Indian currency, which was last at 75.8600/$1, moved in a band of 75.86-95.94/$1 so far in the day.

The Relative Strength Index of the stock stood at 63.83 on Thursday.

In a regulatory filing, the company said it has defaulted on Rs 224.88 crore on repayment of loans or revolving facilities like cash credit from banks and financial institutions, along with default in interest amount for the same at Rs 5.78 crore.

A total of 16,487 shares changed hands on the counter till time (IST).

The Nifty Pharma index was trading 0.71 per cent up at 13856.75.

The number of relays have doubled over the last few weeks and the average is about a billion relays a day, which is ten times higher than the daily average in November 2021. In just the last week alone, Pocket has had more relays than the whole December.

Tata Communications Ltd., incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 36128.03 Crore) operating in Telecommunications sector.

The stock quoted a 52-week high of Rs 252.1 and a 52-week low of Rs 190.3.

“A silent transition has taken place in India and equities which were a peripheral or seasonal trading asset class two decades back, today have become more core, more long term, more centre of the plate kind of an asset class – be it through direct investments or through mutual funds or insurance companies.”