02:55
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FPO subscribed 6 times; retail investors subscription at 2.2 times
Current capitalisation stands at Rs 8,000 crore
No need to raise equity in near future
Can expect a Rs 2,000-Rs 3,000 crore bond issue after few months
Marginal impact on CERC norms reducing availability
To ask CERC to reconsider availability incentive steps
May see impact of Rs 160 crore on back of CERC norms
Posted in: Indian Market Tips
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