As per a term sheet issued by IIFL Securities, Quality Investment Holdings (a Carlyle entity) will sell 1.66 crore shares at a floor price of Rs 775 each, aiming to raise Rs 1,256 crore. The floor price is 5% below Monday’s closing price of Rs 794.90.
In the NSE list of stocks with a market cap over Rs 10,000 crore, five stocks are witnessing Death Crossovers, according to stockedge.com’s technical scan
Benchmark BSE Sensex bounced back with a 341-point gain, ending a five-day losing streak due to strong performance in banking stocks and a global rally.
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