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PVR sets Rs 784 as rights issue price

Nidhi Jani / Article rating: 4.3

Taking measures to enhance the company's liquidity, the board of directors has authorised a rights issue of Rs 300 crore. The company has set the price for the rights issue at Rs 784 per share (almost at 25 per cent discount from its previous close of Rs 1,043.40), which includes a premium of Rs 774 per share, over the face value of Rs 10 per share.

Fitch cuts India growth forecast to 8 per cent for FY22

Nidhi Jani / Article rating: 5.0

Earlier, in May update to the outlook, Fitch had projected 9.5 per cent growth in 2021-22. It had projected confidence saying that Indian economy will bounce back from the prevailing contraction and slowdown largely on the back of COVID-19 pandemic while adding that India's GDP may grow at a healthy rate in the next fiscal year.

Aditya Birla Fashion set to launch rights issue of Rs 995 crore

Nidhi Jani / Article rating: 4.1

Talking about the debt of the company, the net debt stood at nearly Rs 2,509 crore as of FY20, which is considerably very high as compared to Rs 1,646 crore in FY19. This high debt results in a high D/E ratio to 2.31x vs 1.15x in FY19. Now the major thing to look into is, how the company uses this amount to tackle its rising debt issue.

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