Vedanta: Twin Star Holdings and Vedanta Netherlands Investments BV, the promoter companies of Vedanta, will be purchasing around 170 million shares at an offer price of Rs 350 per share, which is at a premium of 6.6 per cent to the last close price of Rs 328.35 apiece.
Latent View Analytics: The company whose Rs 600-crore initial public offer (IPO) attracted a record 338 times bids, will make market debut on Tuesday. The IPO, which was sold from November 10 to November 12, had received subscription for 572.18 crore shares worth Rs 1.12 lakh crore. This was more than five times the demand for India’s largest-ever IPO from Paytm.
Bharti Airtel: The company added 2.74 lakh mobile subscribers in September even as larger rival Reliance Jio lost 1.9 crore users and Vodafone Idea lost 10.77 lakh subscribers during the month, according to data released by telecom regulator TRAI.
Punjab National Bank: The bank said there had been no breach of its systems or pilferage of personal data of customers and account holders. The state-run lender, in a statement, said it had thoroughly checked its systems and that the reported attempt of perpetrator was monitored and checked.
Maruti Suzuki: Appellate tribunal NCLAT on Monday stayed the Rs 200 crore penalty imposed by the Competition Commission on Maruti Suzuki but directed the car maker to deposit 10 per cent of the total amount within three weeks.
ONGC: Weeks after its second-highest-ranking official asked to give away its largest producing oil and gas fields to foreign companies, the Petroleum Ministry clarified that production from existing fields has to be increased through all means including technology and involvement of private sector companies in a transparent manner.
State Bank of India (SBI): Fitch Ratings has affirmed SBI’s long-term issuer default rating (IDR) at ‘BBB-‘. The outlook is negative. The agency also affirmed the bank’s viability rating (VR) at ‘BB’.
DLF: Realty major DLF said its rental arm has raised Rs 1,000 crore through debentures to refinance its existing debt.
Raymond: The Raymond Group, with interests in textiles, apparels and realty, is working toward reorganising its businesses into five core revenue streams, deploying professional boards to raise growth capital in the future.