New Delhi, Shareholders and non-convertible debenture (NCD) holders of IDFC First Bank have approved a proposal to merge parent IDFC Ltd with the lender. The National Company Law Tribunal (NCLT) convened a meeting on May 17 through video conferencing and other audio-visual means to consider and approve the composite scheme of amalgamation for IDFC First … Read more
Housing & Urban Development Corporation (HUDCO) shares tanked 9% to Rs 82 in Wednesday’s trade on BSE after the government announced it would sell up to 7% stake in the company through an Offer for Sale (OFS) at a floor price of Rs 79 per share. Under the OFS, the government will offload seven crore … Read more
LIC Mutual Fund has completed the takeover of schemes of IDBI Mutual Fund. The effective date of merger was July 29. The move is in line with LIC’s mission to strengthen and diversify its product offerings, expand its footprint and grow its assets under management (AUM) to emerge as a leading MF house in the … Read more
India’s largest depository National Securities Depository Limited (NSDL) has filed its Draft Red Herring prospectus with the Securities and Exchange Board of India (Sebi) for an IPO. The IPO, which is an offer for sale (OFS) of 57,260,001 shares, will see IDBI Bank, NSE, SBI, HDFC Bank and Union Bank of India paring stakes. Post … Read more
As we enter the second half of the year, the primary market is expected to see continued inflows as a slew of companies are launching their public offers. PKH Ventures, Global Pet Industries, Tridhya Tech, and Synoptics Technologies have already opened for subscription and will close this week. Senco GoldThe initial public offering (IPO) of … Read more
The initial public offering (IPO) of PKH Ventures kicks off for subscription on Friday and will close on Tuesday, July 4. The IPO comprises fresh equity issue of up to 1.82 crore shares and an offer for sale (OFS) of up to 73.7 lakh equity shares by selling shareholders. Under the OFS, promoter Pravin Kumar … Read more
Investment banks are set to receive about 1 billion rupees ($12 million) in total fees after helping Indian tycoon Gautam Adani pull off a closely watched follow-on share sale, according to people familiar with the matter. The fees are equivalent to around 0.5% of the 200 billion rupees raised in .’s offering, said the people, … Read more
“I think we should have a positive stance on the market because when we look at the earnings, when we look at the other data points in terms of monthly numbers and GST etc. it gives you a feel that we are in a good growth trajectory,” says Hemang Jani, Equity Strategist & Senior Group … Read more
In a wide-ranging conversation with Arijit Barman and Bodhisatva Ganguli, the first exclusive interaction with representatives from the Indian media since taking over as TPG‘s Executive Chairman in 2021, Co-CEO and Founding Partner Jim Coulter discussed subjects as diverse as interest rates, recession, technology valuations, energy security – and investing through a period of unprecedented … Read more
Fast moving consumer goods bellwether is seen reporting double-digit growth in the revenue for the quarter ended September, led primarily by price hikes and some rise in sales volume. The revenue is seen rising nearly 15% on year to Rs 14,600 crore, the average of estimates given by eight brokerages showed, and this will largely … Read more