2023-05-11 07:14:53
Tickertape Daily - 11th May 2023
Adani Enterprises: Adani Enterprises announced that the company's board will hold a meeting on May 13 to approve the proposal of raising funds. This comes months after the company withdrew its ₹20,000-crore follow-on public offer (FPO) in February amid the Hindenburg row which wiped out more than $140 billion of the port-to-power conglomerate's market value.
L&T
: Larsen & Toubro registered 10% growth each year-on-year in PAT and revenue for the fourth quarter of FY23. Consolidated net profit stood at ₹3,987 crore in Q4FY23, while revenue stood at ₹58,335 crore in the quarter.
Dr Reddy's Laboratories: Pharma giant, Dr Reddy's Lab posted a consolidated net profit of ₹959 crore for the fourth quarter of FY23, rising by multi-fold on a year-on-year basis.
HDFC Bank: HDFC Bank on Wednesday said markets regulator Securities and Exchange Board of India (Sebi) has granted its final approval for the proposed change in control of HDFC AMC.
Godrej Consumer Products: FMCG major Godrej Consumer Products Ltd (GCPL) on Wednesday said the company has decided to raise ₹5,000 crore through the issuance of non-convertible debentures (NCDs).
Hindalco
: Hindalco-backed Novelis posted a net income attributable to common shareholders of $156 million down by 27% YoY in the fourth quarter of FY23.
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