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Atos: The company also confirmed it received a non-binding letter of intent from the French state to acquire the company's business deemed strategic, with an indicative enterprise valuation between 700 million and 1 billion euros.
On Tuesday, 669 stocks advanced, 3224 declined and 74 remained unchanged, on the Bombay Stock Exchange (BSE) with an advance decline ratio of 0.20, indicating negative closing of stocks in broader markets.
The board of the company in a meeting on Friday approved the "raising of funds through the issuance and allotment of Commercial Papers, for an amount not exceeding Rs 3,500 crore," to be utilised for bridge funding to facilitate the payment for the two proposed acquisitions, said Tata group FMCG arm in a regulatory filing.
Get latest articles and stories on India at LatestLY. A Parliamentary panel on Thursday again asked the civil aviation ministry to explain about how the enterprise valuation of Rs 18,000 crore was arrived for the disinvestment of Air India that was completed in January last year. India News | Par Panel Again Asks Civil Aviation Min About Enterprise Value of Air India Disinvestment.
Buffeted by relentless hype around everything AI-related, NVIDIA shares are up a whopping 94 percent so far this year.