Mumbai: Locked-in shares of at least 10 companies could find their way into the open market in September as the deadline for investors to compulsorily hold these shares bought through pre-Initial Public Offer (IPO) placements ends. Computer Age Management (CAMS), Concord Biotech, SBFC Finance, Happiest Minds, Route Mobile, and Chemcon Speciality, are among the companies … Read more
Mumbai: Come July 15, promoters must disclose to exchanges their family settlement agreements or arrangements that have a bearing or influence on management control of listed entities for such deals to remain legal. In its notified rules, the capital market regulator Securities and Exchange Board of India (Sebi) has said that agreements that subsist as … Read more
Mumbai: Patanjali Ayurved, promoters of Patanjali Foods, will sell up to 9% or 3.26 crore shares of the company in an offer for sale on July 13 and July 14, according to an exchange filing on Wednesday. The OFS will open for subscriptions for non-retail investors on July 13 and for retail investors on July … Read more
The BSE Sensex rallied 23 per cent in the December quarter while the BSE MidCap and SmallCap indices gained 21 per cent and 26 per cent, respectively. Synopsis Out of 650 companies — mostly mid- and small-caps — promoters of at least 60 have released their pledged shares in the December quarter, according to data … Read more