Gujarat-based EPC company LCC Projects has filed its draft red herring prospectus (DRHP) with SEBI on February 21 as it plans to raise funds through an initial public offering (IPO). As per the DRHP, the IPO will consist of a fresh issue of equity shares with a face value of Rs 320 crore and an […]
LCC Projects Files IPO Papers with SEBI, Plans to Raise Rs 320 Crore Through Fresh Issue Read More »
SEBI Chairperson Madhabi Puri Buch stated on February 21 that the market regulator does not find it necessary to comment on small- and mid-cap valuations at this stage, especially after these indices have declined 20 percent from their peaks. This comes almost a year after she had flagged concerns about “irrational exuberance” in the broader
SEBI Chairperson Says No Need to Comment on Small- and Mid-Cap Valuations Now Read More »
Shares of Alkem Laboratories declined in early trade on February 21 after a large transaction worth Rs 300 crore took place on the stock exchanges. Around 6.41 lakh shares of the pharmaceutical company were traded at a floor price of Rs 4,680 per share. This price was slightly lower than the previous day’s closing price.
Alkem Laboratories Sees Rs 300 Crore Block Deal, Shares Open Lower Read More »
National Securities Depository Ltd (NSDL) is planning to launch its much-anticipated Rs 3,000 crore Initial Public Offering (IPO) by next month, according to a senior official. As a market infrastructure institution (MII), NSDL requires additional approvals apart from the draft red herring prospectus (DRHP), and the approaching deadline for these approvals is pushing the company
NSDL Targets Rs 3,000 Crore IPO Launch by Next Month Read More »
Nukleus Office Solutions, a managed office and co-working provider, will issue its first public issue on February 24. It will be the first SME issue to open next week. The Uttar Pradesh company is to raise ₹31.7 crore by issue of 13.54 lakh equity shares at ₹234 per equity share. The issue is a fresh
Nukleus Office Solutions IPO to Open on February 24, Plans to Raise ₹31.7 Crore Read More »
Shares of Vesuvius India Ltd surged 7% on February 20 after the company announced that its board of directors will meet on February 26 to consider a stock split. Along with the share split, the board will also discuss issuing a dividend to its shareholders. At 1 PM, Vesuvius India’s stock was trading at ₹3,857.9
Vesuvius India to Consider Stock Split for the First Time Read More »
The Indian government may consider raising the GST on cigarettes and other tobacco products once the compensation cess is discontinued, according to a report by Economic Times. Current Tax Structure and Proposed Changes At present, the cigarette and tobacco products are being taxed at 28% with a cess added to this to a total of
India May Increase GST on Cigarettes and Tobacco Products After Compensation Cess Ends Read More »
Mining giant Vedanta Ltd announced on February 20 that its proposed demerger plan has received approval from its equity shareholders, secured creditors, and unsecured creditors. Key Highlights of the Demerger The Anil Agarwal-led group aims to list its businesses separately, allowing for better valuation and investor interest. The demerger will separate Vedanta’s businesses into five
Vedanta Investors and Creditors Approve Demerger Plan Read More »
Bharti Airtel, the nation’s second-largest telecom player, has decided to use the proceeds from its recent block deal for financing loans taken for its investment in British Telecom (BT), reports CNBC-TV18. On February 18, the block deal for the sale of 5.1 crore shares worth ₹8,475 crore took place on the exchanges. In this sale,
Shares of Hexaware Technologies Ltd began strongly on the exchanges on February 19, beginning the day at ₹745.5 per share on the NSE, a 5.3% premium over its issue price. On the BSE, the shares began the day at ₹731 per share, a 3.25% premium. Following the addition, the market capitalization for Hexaware Technologies stood
Hexaware Technologies Shares List at 5% Premium Over IPO Price on NSE Read More »
