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“Already we have 70-75 companies in the pipeline which will list over the next two-three months and each time when we reach a milestone we have a larger number of companies waiting in the wings. So it is a great initiative in that it is allowing young companies – what I call the true Bharat companies – to come in and grow.”

In an exchange filing, Tech Mahindra said that the acquisition will bolster it’s digital solutions and services in automotive consulting, design, development, and implementation in areas like ERP (Enterprise Resource Planning), EPM (Enterprise Performance Management), RPA (Robotic Process Automation), and IIoT (Industrial Internet of Things).

"The FPO comprises equity shares of face value of Rs 2 each aggregating to Rs 4,300 crore. The issue also includes a reservation of up to 10,000 equity shares for subscription by eligible employees. If such placement is completed, the follow-on size will be reduced," Ruchi Soya said in a statement.

The dividend payout will be Rs 2,220.19 crore with a record date of March 22.

The Nifty Auto index was trading 0.96 per cent down at 9883.5.

The fintech platform of the company, BankSe, has an arrangement with 21 banks and financial firms to offer loan products.

The stock quoted a 52-week high price of Rs 171.35 and low of Rs 125.2.

The Reserve Bank of India (RBI) had on November 29 last year superseded the board of Reliance Capital Ltd (RCL) in view of payment defaults and serious governance issues.

Jubilant Foodworks Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 33454.15 Crore) operating in Tourism & Hospitality sector.

As of 31-Dec-2021, promoters held 66.33 per cent stake in the company, while FIIs held 17.25 per cent and domestic institutional investors had 1.81 per cent.