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The wish list so far includes the government bringing down licence fees from 3 per cent to 1 per cent and reducing spectrum usage charge (SUC) rate by 3 per cent on spectrum acquired in past auctions

The revenue from operations came in at Rs 887.75 crore, up 14.73 per cent from Rs 773.73 crore in the corresponding quarter last year.

As of 31-Dec-2021, promoters held 74.36 per cent stake in the company, while FIIs held 16.46 per cent and domestic institutional investors had 2.63 per cent.

The S&P/ASX 200 ended down 2.5% at 6,961.6, hitting its lowest close since last May.

Technology stocks dragged the Nikkei lower, with start-up investor SoftBank Group losing 5.34%, chip-making equipment maker Tokyo Electron falling 2.69%. Motor maker NIDEC slipped 4.44%.

“It is difficult to predict how long this short term correction would last but for longer term investors, sectors and stocks within the market are beginning to look attractive.”

On the technical charts, the RSI of the stock stood at 38.28.

The stock quoted a 52-week high price of Rs 3013.0 and low of Rs 1303.6.

A total of 58,529 shares changed hands on the counter till 01:56PM (IST).

The public issue is purely an offer-for-sale of 3,63,64,838 equity shares by the promoter and existing shareholders.