Surprise corporate actions by tech darlings Nykaa, Paytm spur scrutiny
First it was FSN E-Commerce Ventures Pvt., the owner of beauty e-retailer Nykaa, which announced a bonus share issue to coincide with the expiry of an IPO lockup on key investors in November that risked extending the stocks slump.
What to do if you are stuck with new-age stocks in your portfolio?
These new IPOs that came in were typically very large-sized IPOs. These large-sized IPOs meant that professional investors needed to have that as part of their portfolio as an object of diversification. And that meant that most of the performance of these portfolios have been down relative to the market.
The consolidated net loss of the company stood at Rs 133.10 crore in the quarter ended September 30, 2021, it said in a BSE filing.Total expenses of the company rose to Rs 2,216.07 crore in the quarter from Rs 1,979.17 crore in the same period a year ago.
Reliance Power to sell its non-commercialized plant to clear its huge debt. This will infuse life in this scrip like it did in Reliance Infrastructure.
Reliance Power tanks 10% as firm sets VFSI preferential issue price at 27% discount
The company announced the issuance of shares via private placement basis at Rs 15.55 per share, which is at a discount of 27 per cent against the previous close of Rs 21.30.
Reliance Power to offload 15% stake to VFSI Holdings for 933 crore
"Issuance of up to 60 crore equity shares and/or warrants convertible into equity shares through preferential allotment on a private placement basis to VFSI Holdings Pte. Limited, and in this regard, to enter into an investment agreement with the investor," Reliance Power said.
RPL shares closed at ₹23.30 apiece on the BSE on Monday, up 9.91% from the previous close. Part of the Reliance Group, RPL is a private sector power generation and coal resources company. It has one of the largest portfolios of power projects in the private sector, based on coal, gas, hydro and renewable energy, with an operating portfolio of 5,945 megawatts.
Reliance Power to raise debt of up to Rs 1,200 crore; stock hits 10% upper circuit
Reliance Power, a part of the Reliance Group, is a leading private sector power generation and coal resources company. The stock of the company has risen nearly 90 per cent in the past one year and 575 per cent in the last 3 years. For the quarter ended June 30 2022, the company reported net sales of Rs 10.07 crore, down 27.5 per cent from the year-ago quarter's Rs 13.89 crore. The company reported a net loss of Rs 69.18 crore for the latest quarter.
Reliance Power, its subsidiary to raise debt of up to Rs 1,200 crore from Varde Partners
In a regulatory filing, Reliance Power said the company and its subsidiary have entered into a indicative Memorandum of Understanding (MoU) with Varde Partners for availing debt of up to Rs 1,200 crore (USD 150 million) "for settlement and discharge and/or acquisition and restructuring of certain financial debt availed by Reliance Power."
Reliance Power and subsidiary raise Rs 1200 crore from Varde Partners
RPL, a part of the Reliance Group, is a private sector power generation and coal resources company. The company has one of the largest portfolios of power projects in the private sector, based on coal, gas, hydro andrenewable energy, with an operating portfolio of 5,945 megawatts.
Reliance Power inks pact with Varde Partners to raise up to Rs 1,200 crore; stock jumps 10%
Reliance Power and its subsidiary have entered into an indicative memorandum of understanding with Varde Partners for availing debt of up to Rs 1,200 crore
#RPOWER This share has finally given a huge breakout today breaking 18.70 level with conviction and high volume. The next big hurdle is at 25.45 levels.
What to watch out for from Fed and how to avoid Indian equivalent of meme stocks
“The so-called priced-on vision or priced-on transformation kind of stories have to be avoided by the retail investors. Maybe the smarter money will get in and extract their pound of flesh but this is more like the meme stock mania that we are seeing on the US markets with bankrupt companies getting bid up, says Ajay Bagga.”