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Block deal alert: Madhuri Madhusudan Kela picks stake in debutant Godavari Biorefineries below issue price

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Block deal alert: Madhuri Madhusudan Kela picks stake in debutant Godavari Biorefineries below issue price

Ace investor Madhuri Madhusudan Kela on Wednesday bought 5 lakh shares in debutant Godavari Biorefineries via a block deal. She purchased shares at a price of Rs 335.66 apiece, aggregating to nearly Rs 17 crore. The latest addition takes her portfolio tally to 12 stocks. Godavari Biorefineries stock was today listed at Rs 310.55 on … Read more

Record fresh capital raised via IPOs this year points to capex revival

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Record fresh capital raised via IPOs this year points to capex revival

Mumbai: Fresh capital raised via initial public offerings (IPO) this year has surged to the highest in more than a decade, pointing to the long-awaited revival in capital expenditure by India’s private sector that believes a rapidly expanding economy will soon stretch existing capacities. About half the initial public offerings proceeds of ₹27,435 crore garnered … Read more