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State-owned Indian Renewable Energy Development Agency (IREDA) said it has received the government's approval to raise up to Rs 4,500 crore through an issue of equity shares to qualified institutions placement.
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Nazara Technologies announced a Rs 900 crore fundraising through preferential equity. The funds will be used for acquisitions, business expansion, and growth opportunities. Marquee investors like SBI Mutual Fund and Think Investments are participating in the round.
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Nagaraj Shetti of HDFC Securities believes the short-term outlook for the Nifty is positive but with limited price movement. He suggests dips towards 25,200-25,100 could offer attractive buying opportunities. A decisive move above 25,500 might propel the Nifty toward higher targets.
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News and Media
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