Sat, 14 Dec, 2019

Business

Bharti Airtel will be issuing bonds, debentures and warrants on private placement basis to raise the remaining amount. The board of directors approved the proposal and also authorised the special committee of directors for taking necessary steps for its implementation.

Bharti Infratel gained by 3.5 per cent to Rs 257.10 per share while Tata Motors ticked up by 3 per cent. Private lenders ICICI Bank and Axis Bank showed gains of 1.4 per cent and 0.9 per cent.

Bharti Infratel lost by 5.5 per cent to Rs 250.80 per share. The other prominent losers were Bharti Airtel, Yes Bank, IndusInd Bank, Grasim and ONGC.

MSCI's index of Asia Pacific shares outside Japan gained by 0.46 per cent to reclaim some of its loss on Friday while Japan's Nikkei jumped by 1.11 per cent.

On November 15, the government empowered the RBI to refer stressed non-banking finance companies and housing finance companies having assets worth at least Rs 500 crore to the insolvency court.

Aditya Birla Family Office has shown interest to infuse 25 million dollars, Citax Holdings Ltd and Citax Investment Group 500 million dollars, GMR Group and Associates 50 million dollars and Rekha Jhunjhunwala 25 million dollars.

On November 20, the Union Cabinet had approved the import of 1.2 lakh metric tonnes onion to ease the price in retail market.

Bharti Infratel moved up by 5.3 per cent at Rs 237.40 per share while UPL rose by 3.8 per cent at Rs 572.95 apiece.

India INX is the first exchange to introduce a single platform across multi-assets i.e. equities, commodities, currencies and interest rate derivatives.