Bank of India ended in green as the firm raised Rs. 1,500 crore

The Markets Today in a nutshell

• Domestic benchmark indices were flat tracking mixed global cues.
• Market participants were cautious ahead of the Reserve Bank of India’s policy outcome due on Wednesday, 7 December 2022. Metals, realty and PSU banks were in demand. However, IT, healthcare and oil & gas stocks were under pressure.

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News you could use

? Bank of India ended in green as the firm raised Rs. 1,500 crore
The firm raised Rs 1,500 crore by allotting Basel-III compliant additional Tier-I bonds to seven investors. The bonds issue opened on December 1 and received a good response, getting bids worth Rs 6,367 crore against an offer size of Rs 1,500 crore.

? Inox Green Energy Services reports a loss of Rs. 11.87 crore
The company posted a net loss of Rs 11.87 crore on a consolidated basis for the quarter ended September FY23, widening from a loss of Rs 11.58 crore in the previous quarter. Revenue from operations rose marginally to Rs 61.9 crore from Rs 61.79 crore in the same period.

? ION Exchange added 4 percent on new contract
The company received a Rs 343.36-crore contract from Indian Oil Corporation. The work includes designing, engineering, manufacturing, testing, pre-commissioning, commissioning and operation & maintenance for five years of zero liquid discharge plant at the Panipat refinery. The project is to be commissioned within 16 months from the date of the letter of acceptance, the firm said.

News from the IPO world?

• Droneacharya Aerial IPO opens on 13th Dec 2022
• Uniparts India’s IPO receives 25.32 times subscription on last day of offer
• RK Kabel to file IPO papers with SEBI in May eyes Rs. 11,000 crore

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