On August 20, IT services company Cyient announced that its board has approved the sale of a 14.5% stake in its subsidiary, Cyient DLM, through a block deal. The floor price for the sale is expected to be set at Rs 748.65 per share, reflecting a nearly 5% discount compared to the Rs 788.05 per […]
Tech Mahindra’s shares saw an increase of over 2% on August 20 after the company’s management approved the sale of a 103-acre land parcel in Hyderabad to Mahindra University. The deal, valued at Rs 535 crore, includes land and buildings with a total built-up area of approximately 1.26 million square feet spread over 17 buildings
Shares of Axiscades Technologies climbed over 6% on August 20 after its subsidiary, Epcogen, secured a long-term contract with Highview Power Limited, a UK-based energy storage technology company. At 2 PM, the stock was 2.1 percent higher at Rs 554 on NSE against the previous close of the session. Epcogen has won another large deal,
ADF Foods shares jumped over 7% on August 20, following a significant block deal worth approximately Rs 100 crore. The stock opened with a 3.68% gain and reached an intraday high of Rs 242.85 per share on the Bombay Stock Exchange (BSE). According to CNBC-TV18, the sharp rise in its share price can be attributed
ADF Foods Shares Surge Over 7% Following Rs 100 Crore Block Deal Read More »
Poly Medicure has initiated a Qualified Institutional Placement (QIP) aiming to raise Rs 1,000 crore, according to sources cited by CNBC-TV18. The QIP is expected to result in an equity dilution of approximately 5.54 percent, relative to the company’s pre-issue outstanding capital. The shares would be issued at a price range of Rs 1,850 to
Poly Medicure Launches QIP to Raise Rs 1,000 Crore, Targets Expansion Read More »
Hi-Tech Pipes has announced that its board of directors has approved a plan to raise Rs 600 crore through the issuance of various securities. The fundraising will be carried out through multiple channels, including private placements, qualified institutional placements (QIP), follow-on public offerings, or rights issues, according to an exchange filing by the company. The
Hi-Tech Pipes Approves Fundraising Plan of Rs 600 Crore via Multiple Avenues Read More »
It reduced the windfall tax, also known as special additional excise duty, on domestically-produced crude oil to Rs 2,100 per tonne from Rs 4,600 per tonne earlier. This reduction in duty is part of the fortnightly review undertaken by the government in the special additional excise duty, also known as the windfall tax. The windfall
Government Reduces Windfall Tax on Crude Oil to Rs 2,100 per Tonne Read More »
The Securities and Exchange Board of India (Sebi) informed the Delhi High Court on Wednesday that the National Stock Exchange (NSE) has not submitted a fresh request for a no-objection certificate (NOC) for its planned Initial Public Offering (IPO). This clarification came in response to a writ petition seeking to expedite the NSE’s IPO process.
Sebi Clarifies No NOC Request from NSE for IPO, Points to Exchange’s Delay Read More »
Interarch Building Products, a leading provider of pre-engineered steel construction solutions, has successfully mobilized Rs 179.5 crore through its anchor book on August 16, ahead of its upcoming Initial Public Offering (IPO) set to open on August 19. Notable institutional investors like ICICI Prudential Mutual Fund, Whiteoak Capital, Mirae Asset, Pinebridge Global Funds, LC Pharos
JSW Cement, the cement arm of the Sajjan Jindal-led JSW Group, has filed its IPO with the Securities and Exchange Board of India to mop up Rs 4,000 crore. This IPO is going to be carried out through a fresh issue of equity shares worth Rs 2,000 crore and an offer for sale of equity
JSW Cement Plans Rs 4,000 Crore IPO to Fund Expansion and Debt Repayment Read More »
