Equity indices rebounded sharply on Monday, surging nearly 2%, on heavy buying in RIL and a rally in Asian markets. The 30-share Sensex jumped 1,240 points to settle at 71,941 and the Nifty climbed 385 points to 21,737. Stocks that were in focus included names like Azad Engineering, which rose 5.72%, Tata Technologies, which fell … Read more
Two companies — Popular Vehicles and Services Ltd and Azad Engineering have filed their respective draft red herring prospectus with market regulator Sebi. Popular Vehicles and Services IPO comprises fresh equity issue of Rs 250 crore and an offer for sale up to 1.42 crore shares. Banyan Tree Growth Capital is the sole selling shareholder … Read more
Azad Engineering Ltd has filed draft papers with capital markets regulator Sebi to raise Rs 740 crore through an initial public offering (IPO). The company’s IPO comprises a fresh issue of up to Rs 240 crore and an offer-for-sale (OFS) of equity shares aggregating up to Rs 500 crore by a promoter and investors, according … Read more