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(RIL) has increased its stake in HFCL, the country's largest integrated telecom network provider, to 5% by investing 138...
10/12/2021

(RIL) has increased its stake in HFCL, the country's largest integrated telecom network provider, to 5% by investing 138 crore in the latter's qualified institutional placement (QIP) that concluded on Thursday, people aware of the development told ET.

The Mukesh Ambani-led conglomerate, through its subsidiary Reliance Strategic Business Ventures, held a 3.76% stake in the company as of September 30.

In an exchange filing, HFCL (formerly Himachal Futuristic Communications Ltd) said its board had approved allotment of close to 87.3 million equity shares at a price of ₹68.75 each to qualified institutional buyers. The company's stock gained 6.21% to close at 92.35 on the BSE on Thursday. Bankers said the 600-crore QIP was oversubscribed two times.

Sources

Etnow

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IPO Investment Alert⚠️
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IPO Investment Alert⚠️

Closing Bell 🔔Follow
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Closing Bell 🔔

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IPO Investment Alert 💸Follow
08/12/2021

IPO Investment Alert 💸

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RBI's Monetory Policy🗞️
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RBI's Monetory Policy🗞️

Market UP💸🤑Follow
07/12/2021

Market UP💸🤑

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Cov-d Vaccines💉 by Zydus Cadilla
07/12/2021

Cov-d Vaccines💉 by Zydus Cadilla

Brokerage Firm says📢📣• Indian Market is bracing For A Correction as Valuation gets Expensive•Plenty of Investment Opp...
06/12/2021

Brokerage Firm says📢📣

• Indian Market is bracing For A
Correction as Valuation gets Expensive

•Plenty of Investment Opportunities in Select Stocks

•Remain Cautious on Paytm

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Tqgs :

EVs and Power Station works in progress..⏰
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EVs and Power Station works in progress..⏰

EX Bonus Impact💸
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IPO INVESTMENT ALERT 💸
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IPO INVESTMENT ALERT 💸

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