Mon, Apr 5, 2021 8:04 AM
Gold lenders reduce tenure, asks for bigger collateral as price drops
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Goldman Sachs bought over 7.4 lakh shares in India Shelter Finance Corporation on Monday via block deal at a cost of approximately Rs 56 crore. The American multinational investment bank and financial services company bought shares for Rs 752.35 a piece which was a discount of 5% over the Friday closing price of Rs 791.85 on the BSE.
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After NTPC Green's Rs 10,000 crore IPO by the end of 2024, SJVN Green Energy will likely follow suit by listing its subsidiary SJVN Green Energy to raise capital to fund its growth, sources said. SGEL has a target of 25,000 MW of installed capacity by 2030 and 50,000 MW by 2040. SJVN is expected to incur Rs 12,000 crore capex in FY25, most of which are expected to be incurred.
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On Monday, shares of Salasar Techno Engineering gained 9.21% to an intraday high of Rs 22.88 per share from its previous closing of Rs 20.95 per share. At the closing bell, the company's shares were trading at Rs 22.77 per share, up 8.69% and saw a spurt in volume by more than 1.40 times on BSE. FIIs bought a 5.42% stake in the company in Q1FY25 and increased to 8.42% compared to 3% in Q4FY24.
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