Read more about Metal stocks slide on Business Standard. Metal stocks were trading in red, with the S&P BSE Metal index decreasing 142.94 points or 1.02% at 13935.49 at 13:48 IST.
Realty firm Godrej Properties on Tuesday said it has raised Rs 3,750 crore through sale of shares to institutional investors. Last week, the company launched its qualified institutional placement (QIP) issue to raise up to Rs 3,750 crore. The QIP committee of the board of directors of the company approved the issue and allotment of 2,58,62,068 equity shares of face value Rs 5 each to eligible qualified institutional buyers at the issue price of Rs 1,450, against the floor price of Rs 1,513.39 per share, aggregating to Rs 37,49,99,98,600, according to a regulatory filing. The issue opened on March 9, 2021 and closed on March 15, 2021. Invesco Oppenheimer Developing Markets Fund, Government of Singapore, Monetary Authority Of Singapore, Goldman Sachs Funds - Goldman Sachs Emerging Markets Equity Portfolio and Universities Superannuation Scheme Ltd (USSL) As Trustee Of Universities SUP and Baron Emerging Markets Fund are major investors who participated in the QIP.
Sunflag Iron & Steel Company announced that the workers engaged at the facility of the Company located at Warthi, Bhandara Road, Bhandara in the State of Maharashtra through their Union namely Sunflag Iron & Steel Mazdoor Sabha, have resorted to strike with shorter notice of less than 12 hours.
The matter had been referred for Conciliation which is before the Deputy Labour Commissioner.
Notwithstanding this, the union has chosen to go on Illegal Strike to press their demands with effect from the A shift of 13 March 2021.
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Read more about JSPL gains after steel production grows 18% YoY in Feb on Business Standard. Jindal Steel & Power (JSPL) gained 0.96% to Rs 320.20 after the company s steel production rose 18% to 6.53 lakh tonnes in February 2021 compared with 5.54 lakh tonnes in the previous year.