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The Nifty IT index was trading 0.31 per cent down at 34947.65.

Vedant Fashions is selling shares in the range of Rs 824-866 apiece in the IPO, which is open till Tuesday, February 8.

According to a PTI report, the company’s total income rose to Rs 3,833.14 crore in the quarter under review from Rs 2,990.11 crore in the same period a year ago.

A total of 18,386 shares changed hands on the counter till 10:10AM (IST).

Nestle India Ltd., incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 176504.39 Crore) operating in FMCG sector.

The share transfer comes as Zomato is ramping up its investment in Blinkit (formerly Grofers), after abandoning its plans to enter the e-grocery segment for a second time since the pandemic hit.

Apollo will end up owning a 9%-11% stake in the NBFC on a fully diluted basis and have a board seat. Other than flagship Hero MotoCorp that owns 40% of the company, the Munjal family, the promoters of Hero MotoCorp also have substantial shareholding in Hero Fincorp of 30-35%.

Advent is currently conducting due diligence and may form a consortium. Sources said the private lender is keen to rope in at least one more bulge-bracket player for co-investing.

The 27-member consortium of lenders made the suggestion in the Supreme Court. The flagship company of the Future Group recently missed a loan repayment schedule and has approached the top court to stop the banks from classifying its accounts as non-performing assets.

For the holiday quarter, Amazon earned $14.3 billion, double its net income from a year earlier. That included a pre-tax gain of $11.8 billion from its stake in electric car maker Rivian Automotive.