Vodafone Idea shares surged nearly 10% on Monday, hitting an intra-day high of ₹12.36 after rising from Friday’s ₹11.24 close. The move comes amid upbeat sentiment linked to Vodafone Group Plc mulling measures to strengthen the capital base of its India business, sparking investor hopes for additional support.
Punjab and Sind Bank is planning to mobilise up to Rs 3,000 crore through a private placement share sale, aiming to comply with SEBI’s minimum public shareholding (MPS) norms. The public sector lender’s move signals a balance between meeting regulatory requirements and strengthening capital plans as it navigates market rules for listed companies.
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