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SGX Nifty points to flat opening; Covid-19, global market trends to dictate D-Street direction

SGX Nifty points to flat opening; Covid-19, global market trends to dictate D-Street direction February 22, 2021 × Analysts say market will remain in consolidation mode; ‘expect domestic market to continue following global markets this week on lack of major domestic events’ Indian markets are expected to open flat on the first day of the week, as SGX Nifty points to a flat beginning even as Asia-Pacific markets are ruling firm in early trade on Monday. SGX Nifty is ruling at 15,025 against Nifty March futures Friday’s closing of 15,025 and February futures closing of 14,987, signalling flat opening for Nifty index. Analysts expect the markets to remain in consolidation mode. Global cues and foreign fund flows will largely direct the market movement, they added. However, the key worry is rising Covid-19 cases in some States, especially Maharashtra, again, they added.

Thomas Cook India plans to raise up to Rs 450 cr via preferential issue

Thomas Cook India plans to raise up to Rs 450 cr via preferential issue ​ By IANS | Published on ​ Sun, Feb 21 2021 12:06 IST | ​ 0 Views Rupee. (File Photo: IANS). Image Source: IANS News Mumbai, Feb 21 : Thomas Cook (India) plans to raise up to Rs 450 crore through preferential issue of Optionally Convertible Cumulative Redeemable Preference Shares (OCCRPS) to Fairbridge Capital (Mauritius) Limited to the promoter of the company In a regulatory filing the company has said that the Board of Directors of the company, at its meeting held today, has, inter alia, approved the issuance of up to 45,00,00,000 Optionally Convertible Cumulative Redeemable Preference Shares of face value of Rs 10 each to Fairbridge Capital (Mauritius) Limited, the promoter of the company, through private placement on a preferential basis aggregating upto Rs 450 crore.

Welcome To IANS Live - BUSINESS - Thomas Cook India plans to raise up to Rs 450 cr via preferential issue

Photo Credit: IANS IANSLive Mumbai, Feb 21 (IANS) Thomas Cook (India) plans to raise up to Rs 450 crore through preferential issue of Optionally Convertible Cumulative Redeemable Preference Shares (OCCRPS) to Fairbridge Capital (Mauritius) Limited to the promoter of the company To get full access of the story, click here to subscribe to IANS News Service © 2021 IANS India Private Limited. All Rights Reserved. The reproduction of the story/photograph in any form will be liable for legal action. For news, views and gossips, follow IANS at Twitter. Update: 21-February-2021

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