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Sunday Jan 29, 2023

Power trading firm ptc india shareholders approve final dividend of equity share investor detail – Business News India


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The purchase of shares of Power Trading Service Provider company PTC India has increased. On Monday, the shareholders of the company have approved a final dividend of Rs 5.80 per equity share for 2021-22. This final dividend will be in addition to an interim dividend of Rs 2 per share.

In addition to the interim dividend, the final dividend was also approved at the Annual General Meeting (AGM) of the shareholders of PTC India held on December 30, 2022.

Stock rally: The stock of PTC India saw a boom on Tuesday. The share price closed at Rs 86.25 on the second trading day of the week. The stock saw a gain of 1.35% over the previous day. The share price remained at Rs 86.95 during the trading. The market capital of the company is Rs 2,553.07 crore.

What is the company’s plan: On Monday, PTC India Chairman and MD Rajeev K Mishra said – We are also looking for opportunities in emerging areas like green hydrogen, battery energy storage systems in collaboration with global tech companies.

Sah Polymers IPO first day what indicate gmp for investor issue price and other detail – Business News India


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Sah Polymers, the last IPO of the year, has had a great opening. On Friday, 86 percent subscription was received on the first day of the IPO. The IPO received bids for 48,04,470 shares against an offer of 56,10,000 shares, according to data available with the National Stock Exchange (NSE).

What’s up with the gray market? Talking about the gray market premium ie GMP of Sah Polymers, it is Rs.6. The issue price of this IPO has been fixed at Rs 61-65 per share. In this context, the listing of the stock can reach beyond Rs 70.

Explain that 1.02 crore new shares will be issued under the IPO. At the same time, the shares of the company will be listed on BSE and NSE. The allotment of Sah Polymers IPO is expected to happen by January 9. Eligible investors will receive shares in their demat accounts by January 11. The listing of the shares is expected to happen on January 12, 2023.

While Pantomath Capital Advisors is acting as the merchant banker to the issue, Link Intime India is the registrar to the offer.

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