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With $7.7 billion in dollar bonds, Sunac is the fourth-largest issuer among Chinese developers, according to data from Duration Finance.

As of 31-Mar-2022, promoters held 0.0 per cent stake in the company, while FIIs held 12.96 per cent and domestic institutional investors had 7.53 per cent.

​​"Management committee of the Company, at its meeting held today approved allotment of the equity shares of Company by way of the private placement on a preferential issue basis to Green Energy Investment Holding RSC Ltd," a BSE filing said.

The stock is trading well above crucial short and long-term moving averages which is a positive sign for bulls.

The company has reserved 75 per cent of the net offer for qualified institutional buyers (QIBs), whereas non-institutional buyers (NIIs) will get a 15 per cent allocation. The remaining 10 per cent of shares will be given to the retail bidders.

“Could equity markets fall further? They may fall further with the different kind of stuff which is happening around us in the global markets but then we would basically be very clear that if we have another 5% fall from here, the markets will be in a significantly undervalued zone. ”

A total of 22,024 shares changed hands on the counter till 12:48PM (IST)

The bidding was majorly driven by retail bidders, whose portion was subscribed 1.11 times. Employee quota was subscribed 73 per cent, whereas HNIs bid for 23 per cent of their allocation. Institutional bidders kept off the bidding process.

According to the data from Ace Equity, as many as 400 stocks from the BSE500 index have tumbled between 20-76 per cent from their respective 52-week highs. BSE500 index constitutes about 95 per cent of the total market capitalization of BSE.

Total standalone income during the January-March quarter of 2021-22 stood at Rs 21,095 crore, down from Rs 21,386 crore in the same period of 2021-21, PNB said in a regulatory filing.