Indian stocks likely to witness positive momentum as optimism emerge on Covid front
May 07, 2021
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Stocks to watch out for today: CG Power, Sadbhav Infra, Aurionpro, Cupid, Shri Bajrang Alliance, and Zensar Tech.
Positive momentum is likely to continue for Indian stock markets on Friday, thanks to bullish global cues. SGX Nifty is currently ruling at 14,875 (800 am IST), signals a 100-point gap up opening for Nifty futures, which on Thursday closed at 14,769.95.
The US stocks overnight closed strongly higher, with Dow Jones gaining over 300 points and the tech-focused Nasdaq 50 points. Asian stock markets in the morning session too followed suit, as Japan s Nikkei, Korea s Kospi, Taiwan Weighted Index and Australia s ASX are ruling with a gain of between 0.3 per cent and 0.8 per cent.
Sadbhav Infrastructure Project Ltd updates on funding equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
“India offers attractive opportunities for our Infrastructure Debt Asia strategy, combining a significant infrastructure pipeline with increasingly supportive regulatory and government initiatives to encourage greater involvement of private investors,” Simon La Greca, head of infrastructure debt Asia at AMP Capital said.
“We look forward to investing further with high quality and experienced sponsors across the infrastructure sector in India.”
Sadbhav Infrastructure was a road company specialising in the development, operation and maintenance of highways, roads and related projects, with its current road portfolio comprising the development of nine Hybrid Annuity Model road projects located across India, and currently operating four toll road projects located in Maharashtra, Harayana and Gujarat.
Through NCD issuance and sale of units of IndInfravitSadbhav Infrastructure Projects (SIPL) has entered into the Debenture
Trust Deed to raise Rs 700 crore from the investors led by Allianz Global Investors (Allianz GI) and AMP Capital (the Investors) out of which a sum of Rs 550 crore has already been funded by the Investors. The funding has been structured with flexible repayment obligation linked to
monetization of the SPVs of SIPL within a tenure of 48 months to 63 months.
Further SIPL has sold 7.0% of units in IndInfravit Trust to CPP Investments for a total consideration of Rs 441 crore. SIPL continues to hold 3.0% of units in IndInfravit Trust and will continue as one of the Project Managers for IndInfravit Trust.
Haridwar Kumbh 2021: NMCG develops infrastructure to stop sewage water flowing into Ganga ANI | Updated: Apr 01, 2021 14:20 IST
Haridwar (Uttarakhand) [India], April 1 (ANI): An ancient city located on the banks of River Ganga, Haridwar is expanding rapidly. Being a popular pilgrimage site, the city also witnesses a massive floating population as each day pilgrims come to bathe at the holy river to get rid of their sins.
The number of visitors grows manifold during the festivals, especially the month-long Kumbh fair.
The National Mission for Clean Ganga (NMCG) has been tirelessly endeavouring to ensure that pilgrims get a cleaner Ganga at this holy site with no flow of sewage water.