Reliance Power considering stake sale to raise funds

India’s Reliance Power said on Friday it will consider raising funds, including an option of stake sale to institutional investors as the Anil Ambanirun company looks to expand its business.

India’s Reliance Power said on Friday it will consider raising funds, including an option of stake sale to institutional investors as the Anil Ambanirun company looks to expand its business.

Shares of Reliance Industries Ltd ended at ₹3,052.40, up by ₹51.70, or 1.72% on the BSE.

According to NSE, the transaction fee for the cash market will be ₹2.97 per lakh of traded value. For equity futures, the fee will be ₹1.73 per lakh of traded value, while for equity options, it will be ₹35.03 per…

As part of the merger, shareholders of IDFC Limited will receive 155 equity shares of IDFC First Bank for every 100 equity shares they hold in IDFC Limited, with the allotment based on the Record Date of October 10, 2024.…

ICICI Prudential plans to appeal the decision, citing past rulings in its favour from courts and tribunals on similar issues. Shares of ICICI Prudential Life Insurance Company Ltd ended at ₹790.65, up by ₹7.55, or 0.96%, on the BSE.

A significant proposed change includes an increase in the minimum contract value, potentially rising to ₹15-20 lakh at launch and later to ₹20-30 lakh, aimed at deterring retail investors, according to CNBC Awaaz sources.

Shares of Bharat Electronics Ltd ended at ₹293.35, up by ₹3.00, or 1.03% on the BSE.

Specifically, the transaction charges for Currency Futures, including cross-currency futures, will be revised to ₹45 per crore of turnover value. Notably, there will be no changes to the transaction charges for Currency Options, which will continue to be ₹100 per…

In a conversation with CNBC-TV18’s Managing Editor Shereen Bhan, Akshant Goyal, CFO of Zomato, provided insight into the company’s decision to go public during the COVID-19 pandemic.

Hyundai’s IPO comes at a time when the automotive industry is facing a challenging landscape, with an anticipated growth of only 3% in FY25. Despite its strong market share and a robust portfolio of SUVs, including the Creta, Hyundai must…