Vodafone Idea stock signs of boom
vodafone idea
Vodafone Idea shares rose 5% in early trade on June 14 following a Rs 14,000-crore funding plan for its revival. Vodafone Idea is looking to infuse Rs 14,000 crore in total equity as part of its business revival plan. Aditya Birla Group and UK-based Vodafone Group will invest half of this amount each. ABG and Vodafone Group to invest Rs 2,000 crore in new stock. While they are trying to raise another Rs 7,000 crore from outside investors.
SAT Industries
The company’s stock was seen rising 8% in early trading today. The company announced that Vikas Khemani’s fund had bought a stake in a subsidiary of the investment company. SAT Industries sold 40,63,337 equity shares in its material subsidiary Aeroflex Industries to Carnelian Structural Fund managed by Vikas Khemani, Jagdish Master, Rosy Blue India Pvt, VPK Global Ventures Fund, Samedh Trinity Partners, Shyam Agarwal. This is equivalent to 3.55% stake. As per the exchange filing, it was bought for Rs 35.58 crore.
KEC International
The company’s stock rose 6% in early trade on June 14 after the company received new orders worth Rs 1,373 crore across its various divisions. The stock has hit a 52-week high of Rs 586. In India, the company’s railway division has been able to win orders in both technologically advanced and traditional/emerging sectors.
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