IREDA shares zoom 10% after net profit surges 67% in Q3
IREDA's net profit grew 67.2 percent YoY to Rs 335.5 crore while its revenue went up 44.2 percent YoY to Rs 1252.9 crore.
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IREDA's net profit grew 67.2 percent YoY to Rs 335.5 crore while its revenue went up 44.2 percent YoY to Rs 1252.9 crore.
54 companies will have their shareholder lock-ins worth $13.52 billion lifted, leading to a series of block deals.
But not all of these shares will be for sale as a sizable portion of these is also held by promoters and groups, Nuvama has said. DOMS Industries will see 6 percent and India Shelter Finance 3 percent stake free up on January 17
As for the retail shareholders, initial calculations show a possible acceptance ratio in the range of 4-10 percent
The stock rose 6.21 per cent to hit a high of Rs 7,420, as the buyback price at Rs 10,000 crore was at 43.14 per cent premium to the stock's Monday's closing price of Rs 6,985.70.