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TVS is said to have roped in an investment banker to advise it. The exact amount of investment and the valuation is yet to be firmed up.

The company has decided to allocate a total of 79,06,473 equity shares to 53 anchor investors at Rs 1,180 apiece, aggregating the transaction size to Rs 932.96 crore, according to a circular uploaded on BSE website.

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Operation profit of Ujjivan SFB fell 69 per cent at Rs 71 crore against Rs 230 crore over the same period.

In another transaction, PGIM India Mutual Fund bought 500,000 shares of Kirloskar Pneumatic at Rs. 397 apiece through a bulk deal on the BSE.

KRBL Q2 results: Net profit down 9% at Rs 136 cr

Updated at : 2021-11-09 01:20:01

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Total income also fell to Rs 1,059.22 crore in the second quarter of this fiscal year from Rs 1135.94 crore in the corresponding period of the previous year.

The maker of Coke and Thums Up soft drinks and Kinley water further reported a 28 per cent decline in net profit at Rs 443 crore during the same fiscal, a year severely impacted by the outbreak of the Covid-19 pandemic.

Tuesday is likely to see the levels of 18130 and 18190 acting as resistance points. The supports come in at 17980 and 17900 levels.

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The Dow Jones Industrial Average rose 88.51 points, or 0.24 per cent, at the open to 36,416.46.

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MSCI will announce the changes in constituents for the MSCI global standard indices on November 12. The final changes will take place on November 30.

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The board has approved the issue of unlisted secured non-convertible redeemable debentures (NCDs) on a private placement basis. The size of the issue is Rs 140 crore in one or more tranches.

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