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The initial public offering (IPO) consists of fresh issue of equity shares aggregating to Rs 17.5 crore, and an offer for sale of up to 29.89 million equity shares, according to the draft red herring prospectus (DRHP).

Following the buzz, shares of Tata Power rallied 15 per cent to Rs 255.5 on Monday.

On the technical charts, the RSI of the stock stood at 58.5.

The stock quoted a 52-week high price of Rs 362.85 and low of Rs 166.8.

ET Now reported that the divestment process of the Hindustan Copper may begin in the upcoming month as the Ministry of Mines has recommended strategic disinvestment in the company.

The reported quarter is considered to be seasonally weak for cement companies as most construction work around the country slows down due to monsoons.

Shares of Avenue Supermarts are up roughly 22% this year, compared with a 13.5% gain in 2020. Of the nine months so far in 2021, it has reported solid gains for six.

The proceeds from the debt raised from mutual funds and insurance companies will be utilised by Embassy REIT to repay its existing zero-coupon bond outstanding of Rs 4,530 crores raised in 2009. The average tenure of debt raised is four years as compared to the 3-year listed bonds raised earlier.

Billionaire and Vedanta Resources Chairman Anil Agarwal-led Sterlite Power Transmission (SPTL) is eyeing to raise up to Rs 1,250 crore from the primary market. However, the company is yet to receive a nod from markets regulator SEBI.

“our pipeline continues to be good and we expect the full year to see a decent increase from a year on year perspective.”