The shares of Mukka Proteins made a strong debut on the exchanges on Thursday, listing at a premium of 57% to the issue price. The stock listed at Rs 44 on the BSE and at Rs 40 on the National Stock Exchange, against its issue price of Rs 28. Ahead of the listing, the company’s … Read more
The initial public offer (IPO) of Platinum Industries opened for subscription today. The issue will be available for the public to bid till February 29. Ahead of the IPO, the company has garnered Rs 70.59 crore from anchor investors. Platinum Industries IPO review Analysts advised investors to subscribe to the issue over the company’s strong … Read more
After a slow start for the first two days, the initial public offer (IPO) of GPT Healthcare was fully subscribed on the last day of the bidding process. The overall subscription stood at 2 times with all the categories (retail, NII and QIB) getting fully booked. GPT Healthcare IPO GMP In the unlisted market, the … Read more
Mumbai: Indiabulls Housing Finance on Sunday announced plans to raise ₹3,693 crore through a rights issue of equity shares with a face value of ₹2 each. The decision follows the approval by the company‘s board of directors during their meeting on January 17, 2024. The company’s Securities Issuance and Investment Committee of the Board (SIIC) … Read more
V Vaidyanathan, Director & CEO, IDFC First Bank, says “we are very profitable now and have posted PAT of Rs 2,400 crore last year and you know the trajectory. Let me just say that all the items are behind us. Now even the corporate streamlining is behind. I really think that in the next three … Read more
Mumbai: Real Estate Investment Trusts and Infrastructure Investment Trusts will be eligible to be included in the Nifty indices with effect from September 30, according to revised eligibility criteria for inclusion released on Monday. As per the existing rules, all equity shares that are traded on the NSE are eligible for inclusion in the Nifty … Read more
NEW DELHI: ‘ up to Rs 9,200 crore buyback plan is scheduled to commence from June 25, wherein the IT major has proposed to buy back shares at a maximum price of Rs 1,750 apiece. The Board approval for the buyback was granted on April 14, 2021, and the shareholders’ nod was received on June … Read more
Mumbai: The Securities and Exchange Board of India(Sebi) has imposed a total penalty of Rs 25 crore on current and former promoters of Reliance Industries Ltd (), including Mukesh Ambani, Anil Ambani, their mother, spouses and children, other family members and entities linked to them for alleged violation of takeover rules. In January 2000, RIL … Read more
The government is expected to garner Rs 4,374 crore from the Offer for Sale (OFS) of the Indian Railway Catering and Tourism Corp (IRCTC) which closed on Friday. The promoter had proposed to sell up to 2,40,00,000 equity shares of IRCTC, representing up to 15 per cent stake, with an option to additionally sell 80,00,000 … Read more
New Delhi: State Bank of India (SBI) on Tuesday said its board of directors has approved to divest over 8.5 per cent in UTI Trustee Company. “The executive committee of the central board of directors of State Bank of India approved the divestment of 8,510 equity shares constituting 8.51 per cent of the bank’s stake … Read more