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Multiple companies are in focus due to news developments. IndoStar Capital Finance raises funds. CMS Info Systems promoter sells stake. Salasar Techno, SJVN, Capital SFB, GE TD India, Aether Industries are also in the news.
The telecom operator will conduct an extraordinary general meeting with shareholders on April 2 and seek approval for the proposed fundraising. If shareholders approve, the company expects to complete the equity fund raise in the coming quarter.
The fundraising could be in one or more tranches through equity instruments, including rights issue, preferential issue of shares, qualified institutional placement of shares, or a combination thereof as may be considered appropriate.
IREDA Ltd, IRFC, Maruti Suzuki India Ltd, HUDCO, HDFC Bank Ltd and NBCC Ltd led the turnover chart, data on most-active stocks suggest.
Vodafone Idea Q3 Results: Consolidated revenue from operations rose a marginal 0.6% year-on-year (YoY) to Rs 10,673 crore, but it declined 0.4% sequentially. The growth in revenue was supported by improving subscriber mix, 4G subscriber additions and change in entry-level plan, the telecom operator said.