The allotment was approved by the company’s board of directors on Wednesday, it said. Read more at: https://economictimes.indiatimes.com/markets/bonds/welspun-enterprises-to-raise-rs-175-crore-through-allotment-of-ncds/articleshow/76069661.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Jio Platforms, which houses music and movie apps as well a Reliance’s telecom venture Jio Infocomm, has secured a massive $10 billion from investors including Facebook within a month. Read more at: https://economictimes.indiatimes.com/industry/telecom/telecom-news/abu-dhabi-state-fund-in-talks-to-invest-1-billion-in-jio-platforms-sources/articleshow/76069257.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

BTL’s stake in Bharti Airtel fell to around 36% after the deal. Correspondingly, the combined 58.98% holding of Bharti Airtel’s promoter group – Sunil Mittal-owned entities and Singtel – came down to 56.23%. Sunil Mittal’s Bharti Enterprises and Singtel own 50.56% and 49.44%, respectively, in BTL. Read more at: https://economictimes.indiatimes.com/industry/telecom/telecom-news/bharti-telecom-raises-rs-8433-crores-sells-2-75-in-airtel/articleshow/76021989.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Aditya Birla Fashion & Retail is the country’s largest pure-play fashion and lifestyle player with a strong bouquet of fashion brands and retail formats with a network of over 3,040 stores, and presence across 25,000 multi-brand outlets across the country. https://www.moneycontrol.com/news/india/aditya-birla-fashion-retail-plans-rs-1000-crore-rights-issue-5322311.html

Baba Ramdev-led Patanjali Ayurveda is planning to raise Rs 250 crore by issuing debentures, in an attempt to meet its working capital requirement. https://www.financialexpress.com/market/baba-ramdev-takes-bond-street-patanjali-to-raise-rs-250-cr-in-debentures-heres-how-it-will-use-the-money/1972511/

Reliance’s rights entitlement began trading on May 20 at 151.15 rupees. Read more at: https://economictimes.indiatimes.com/markets/stocks/news/reliances-7-billion-rights-rings-in-new-trading-venue-in-india/articleshow/76028434.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst