Hy-Tech Engineers has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO). The offer comprises a fresh issue of equity shares of face value Rs 5 each, aggregating up to Rs 700 crore by the company, and an offer for sale of … Read more
UKB Electronics Limited, a leading Indian electronic manufacturing services (EMS) provider, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), marking its intent to raise up to Rs 800 crore through an initial public offering (IPO). The proposed offering includes a fresh issue of equity shares worth … Read more
Technocraft Ventures, a wastewater treatment solutions provider, has filed draft papers with capital markets regulator Sebi to mobilise funds through an initial share sale. The initial public offering (IPO) is a combination of fresh issuance of up to 95.05 lakh equity shares and an offer for sale of up to 23.76 lakh shares by promoter … Read more
US-based Vanguard Group on Friday bought a 1.1 per cent stake in supermarket chain Vishal Mega Mart for ₹655 crore through open market transactions. Following the stake buy, shares of Vishal Mega Mart rose 2.12 per cent to close at ₹128.80 apiece on the National Stock Exchange. Investment management company Vanguard Group, through its affiliates, … Read more
The board of Gensol Engineering on Friday announced that they will be considering and approving a stock split of the company’s shares from a face value of Rs 10 in its upcoming board meeting scheduled on March 13. “Pursuant to regulation 29 of the SEBI (LODR) Regulation, 2015, notice is hereby given that a meeting … Read more
Kolkata-based conglomerate ITC Ltd. has allotted 125.11 crore equity shares of ITC Hotels to its shareholders. The decision was finalized during a Board meeting on January 11, 2025, following a scheme of arrangement between ITC Ltd. and ITC Hotels (ITCHL). In an exchange filing, ITC stated, “The Board of Directors of ITCHL, at the meeting … Read more
ITR filing: The Income Tax Department has provided a significant update by allowing taxpayers who qualify for the section 87A tax rebate for the financial year 2023-24 to claim it now. In a notification issued on December 31, 2024, the tax department stated that eligible taxpayers will soon be able to submit a revised or … Read more
Seshaasai Technologies, a technology-driven multi-location solutions provider, has filed its draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI), to raise funds via an Initial Public Offering (IPO). The issue is proposed to be a mix of fresh issue of equity shares of up to Rs 600 crore … Read more
Shares of NIIT have surged 54% on the BSE since ace investor Ramesh Damani acquired a 0.59% stake in the education company through an open market transaction on Friday. The stock gained 18.51% in Tuesday’s session, reaching a fresh 52-week high of Rs 182.90. Damani’s stake, valued at Rs 10.02 crore, involved purchasing 8 lakh … Read more
When Finance Minister Nirmala Sitharaman presents the Union budget later this month, investors, taxpayers, corporates, and mutual fund houses will be hopeful for some significant tweaks in the structure of the capital gains tax, which is currently not standard. The Capital gains tax burden experienced by investors can differ depending on the type of asset … Read more