A total of 19,250 secured, rated and redeemable non-convertible debentures (NCDs) of Rs 50,000 each have been issued to AAV Sarl and Masala Investments Sarl, Satin said in a regulatory filing on Friday.

"The Board of Directors has considered and approved increase in the authorized share capital from Rs 20 crore divided into 20 crore equity shares of Re 1 each to Rs 30 crore divided into 30 crore equity shares of Re 1 each and consequential alteration in the Memorandum of Association of the company," it said.

"On the daily time frame, Nifty50 has not made a new low since June 16. This reluctance of the market to trade below the low, even after six days, does suggest that the market is not in a mood to trade lower immediately.

The Dow Jones Industrial Average rose 169.58 points, or 0.55%, at the open to 30,846.94

This week’s rally came on the back of short covering in index heavyweights like TCS, Infosys, ICICI Bank, HDFC and HDFC Bank, which weigh around 33 per cent in Nifty. Reliance was the party spoiler which lost 3.5 per cent thi

The capital markets regulator in January 2019 laid down the process for payment for applications in the public issue of units of these new investment instruments through the facility of Applications Supported by Blocked Amount (ASBA).

“We have this term at Sequoia that we call user love, which means --do your customers – be they consumers or businesses– absolutely love your product because if they love your product, they will pay you for it, they will pay you more than what it cost for you to make.”

The Nifty Pharma index closed 0.42 per cent up at 12178.4.

In the current scenario, 10 per cent will mature at 16,700. A report by domestic brokerage ICICI Securities said that it expects the index to gradually resolve higher and extend pullback towards the 16,600 region in coming months wherein strong support is placed in the vicinity of 14,800-14,600 zone, which is 80 per cent retracement of CY-21 rally (13,596-18,604), at 14,600.

On the domestic equity market front, the BSE Sensex ended 462.26 points or 0.88 per cent higher at 52,727.98, while the broader NSE Nifty gained 142.60 points or 0.92 per cent to 15,699.25.