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Adani Enterprises has set its rights issue price at 1,800 per share. This represents a 24% discount to its current stock price. The company plans to raise 24,930 crore through this issue. Shareholders as of November 14 will be eligible to subscribe. They will receive three rights shares for every 25 shares held.
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News and Media
Bajaj Finserv reported a 8% rise in Q2 net profit to 2,244 crore, but its lending arm, Bajaj Finance, saw its stock slump over 6%. This decline was triggered by a cautious outlook for future expansion and increased credit costs. Bajaj Finance also moderated its FY26 growth forecast. Meanwhile, Bajaj Allianz General Insurance posted a 5% profit increase.
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News and Media
Groww's parent company, Billionbrains Garage Ventures, is set for its stock market debut. Analysts predict a modest listing, but advise investors to hold shares for long-term growth. The company has shown strong revenue expansion and profitability. Investors are encouraged to consider buying on any post-listing dips. This move is seen as suitable for those with a longer investment horizon.
Category:
News and Media
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