11: 30 A.M.
Devyani International makes a strong debut, shares list at nearly 57% premium
Pizza Hut, KFC and Costa Coffee’s largest franchisee Devyani International made a strong debut on Monday with a premium of nearly 57% against its issue price of ₹90, PTI reported.
The stock listed at ₹141, a jump of 56.66% from the issue price on BSE and opened at ₹140.90, a gain of 56.55% on NSE. The company’s market valuation stood at ₹15,482.49 crore on BSE.
Devyani International launched its ₹1838 crore IPO in a price range of ₹86-90 per share earlier this month. It saw a stellar subscription of 116.71 times.
The company currently operates 297 Pizza Hut stores, 264 KFC stores, and 44 Costa Coffee as of March 2021 in India.
11: 00 A.M.
J-K expecting investment proposals worth ₹50,000 cr, LG says
Jammu and Kashmir Lieutenant Governor Manoj Sinha on Sunday said J-K is expecting investment proposals worth ₹50,000 crore which can provide employment opportunities to 10 lakh people,…