Edelweiss Financial Services said its Rs 200 crore public issue of debentures opened on Monday. The non-convertible debentures (NCDs) will have an effective annual yield of 9 per cent to 10.46 per cent. The issue will close on April 23. The NCDs carry fixed coupons and have a tenure of 24 months, 36 months, 60 … Read more
MUMBAI – Nuvama Wealth Management Ltd, the demerged entity of Edelweiss Financial Services Ltd will get listed on the stock exchanges on September 26, according to an exchange filing. The demerger of the wealth management business was completed following the approval from the National Company Law Tribunal (NCLT) on April 27. The scheme of arrangement … Read more
The initial share sale of multispecialty hospital chain Jupiter Life Line Hospitals will open for public subscription on September 6. The three day initial public offering (IPO) will conclude on September 8 and the bidding for anchor investors will open on September 5, according to the red herring prospectus (RHP). The IPO comprises fresh issue … Read more
The initial public offer (IPO) of TVS Supply Chain Solutions was subscribed 21% so far on the first day of the bidding process. However, the retail portion was fully subscribed within hours of the issue opening. The category reserved for non-institutional investors was subscribed 7%, and there were no bids from qualified institutional buyers. According … Read more
Widely tracked companies such as Maruti Suzuki, Adani Enterprises, Adani Transmission, Titan, IndiGo, Bharti Airtel, Sun Pharma, SBI, M&M, Varun Beverages, and Bank of Baroda would be releasing their June quarter report cards this week. Here’s a list: July 31Maruti Suzuki, Power Grid Corporation of India, Adani Green Energy, Adani Transmission, GAIL, Bosch, UPL, Oberoi … Read more
TVS Supply Chain Solutions, part of TVS Mobility Group, has received capital markets regulator Sebi’s go-ahead to raise funds through an initial public offering (IPO). The IPO comprises a fresh issue of equity shares aggregating up to Rs 750 crore and an Offer for Sale (OFS) of over 2 crore equity shares by promoters and … Read more
Mumbai: Power Finance Corporation will likely launch this week its first public issue of bonds since January 2021, looking to raise up to ₹5,000 crore. The issue, which opens on July 21 and closes on July 28, could have a base size of ₹500 crore and a greenshoe option of ₹4,500 crore, sources said. The … Read more
A bunch of widely tracked companies like M&M, LIC, Shree Cements, HUDCO, ONGC, BPCL, Ashok Leyland, Hindalco, Vodafone Idea, and Nykaa would be releasing their March quarter report cards this week. Here’s a list:May 22Shree Cements, Bharat Petroleum Corporation, Aditya Birla Fashion and Retail, SJVN, Capri Global Capital, Finolex Industries, CESC, Sun Pharma Advanced Research … Read more
Private hospital chain Jupiter Hospital has filed a draft red herring prospectus (DRHP) for an initial public offering (IPO) with stock market regulator Sebi late Thursday. As per DRHP, the proposed IPO will consist of a fresh Issue of Rs 615 crore and Offer for Sale (OFS) of 44,50,000 shares. Sources told ET that the … Read more
As many as 60 smallcap stocks gave double-digit weekly returns in what was a buoyant week for equity markets. Rail Vikas Nigam Ltd (RVNL) topped the charts in the smallcap pack, with 38% returns. Three stocks — Gujarat State Fertilizers and Chemicals, Indiabulls Real Estate and SVP Global Textiles — delivered over 25% returns during … Read more