Diamond Power Infrastructure

Here's why Diamond Power Infra shares hit 5% upper circuit on Monday

The northward movement in Diamond Power Infrastructure's share price came on the back of news that the company has received a letter of intent worth ₹214.65 crore from Adani Green Energy

Diamond Power Infra seeks shareholders' nod to raise borrowing limit

Diamond Power Infrastructure will seek shareholders' approval to raise its borrowing limit to Rs 3,000 crore in its annual general meeting on December 14, according to a regulatory filing. It company requires to borrow funds from time to time to meet both its short and long-term business objectives from various external agencies like banks, financial institutions, bodies corporate, individuals or other kinds of lenders. The total amount of such borrowings as well as the outstanding at any time cannot exceed the aggregate of paid-up capital and free reserves of the company, except with the consent of the members as per Companies Act 2013, it explained. The company felt that the existing limit is not adequate and needs enhancement, accordingly, the resolution has been proposed to increase the borrowing limit to Rs 3,000 crore, the filing said. Its Board of Directors recommended the resolution as set out in item no 8 of the accompanying notice for the approval of the shareholders as a

CBI arrests 3 promoters of Diamond Power in Rs 26.54-bn fraud case

CBI last week had registered a case against the aforementioned company and its directors for defrauding 11 banks

Diamond Power zooms over 40% in three trading days on heavy volumes

The stock was up 10% at Rs 57.45, rallied 45% from Rs 39.60 on Friday, October 14.

Diamond Power up 10% on debt restructuring plans

The stock locked in upper circuit of 10% at Rs 44.85, bounces back 20% from intra-day low of Rs 37.35 on the NSE.

Diamond Power zooms 75% in one week

The board approved allotment of 12 million shares at Rs 55 per share to the promoters' group companies on preferential basis.