Saltoro Alpha LP has purchased 11.9 lakh shares, equivalent to a 2.5% stake in Ashapura Minechem Ltd, at Rs 249.1 per share. The transaction occurred as Copthall Mauritius Investment Ltd offloaded the same stake at the same price. Following this development, Ashapura Minechem’s stock rose by 2.28%, closing at Rs 254 per share on November […]
Saltoro Alpha Acquires 2.5% Stake in Ashapura Minechem Read More »
Zomato will be added to the benchmark Sensex index, replacing JSW Steel, starting December 23, according to an announcement by BSE on November 22. This move is part of a broader reconstitution of BSE indices, including BSE Sensex 50, BSE Sensex Next 50, and BSE 100. Key changes to the BSE 100 index include dropping
Zomato to Replace JSW Steel in Sensex from December 23 Read More »
SEBI has proposed new guidelines for hiring key management personnel (KMPs) at market infrastructure institutions (MIIs), including stock exchanges. The market regulator suggested involving an independent external agency and SEBI itself in the recruitment process for critical positions like heads of technology, operations, and compliance. These, among other proposals, have been set out in a
SEBI Suggests External Oversight in Hiring Key Roles at Stock Exchanges and MIIs Read More »
Enviro Infra Engineers, a provider of water and wastewater management solutions, raised Rs 194.7 crore from institutional investors through its anchor book on November 21. The company aims to raise Rs 650.4 crore via its IPO, which includes a fresh issue of 3.86 crore equity shares worth Rs 572.46 crore and an offer-for-sale of 52.68
Enviro Infra Engineers Raises Rs 195 Crore from Anchor Investors Before IPO Read More »
SJVN shares are expected to attract attention on November 22 after the company signed a Memorandum of Understanding (MoU) with the Energy Department of the Government of Rajasthan. The MoU aims to develop renewable energy projects in the state, including 5 GW of pumped storage projects and 2 GW of floating solar projects. This collaboration
Afcons Infrastructure is expected to see increased attention in the stock market on November 22 after receiving a Letter of Acceptance (LoA) from the Uttarakhand Project Development and Construction Corporation (UPDCC). The LoA is for civil and hydromechanical works related to the construction of a 130.6-meter-high concrete gravity dam as part of the Song Dam
Afcons Infrastructure Shares in Focus After Winning Rs 1,274 Crore Song Dam Project Read More »
NSE Investments, a wholly-owned subsidiary of the National Stock Exchange (NSE), will sell up to 20.32% of its stake in Protean eGov Technologies through an Offer for Sale (OFS). The floor price for the stake sale has been set at Rs 1,550 per share. The OFS includes a base offer of 10.16% equity, with an
NSE Investments to Sell 20.32% Stake in Protean eGov Tech via OFS at Rs 1,550 per Share Read More »
Construction services company Ganesh Infraworld has announced its Rs 99-crore initial public offering (IPO), set to open for subscription on November 29 and close on December 3. The price band for the IPO is fixed at Rs 78-83 per share. Key Details of the IPO: About Ganesh Infraworld: The West Bengal-based company specializes in engineering,
Ganesh Infraworld’s Rs 99-Crore IPO to Open on November 29 Read More »
Staffing firm Ciel HR Services aims to go public by filing draft papers with SEBI to raise funds through an initial public offer. It consists of a fresh issue of shares worth Rs 335 crore and an OFS of 47.39 lakh shares by existing shareholders, including promoters. Technology-driven HR solutions provider Ciel HR Services operates
Ciel HR Services Files for IPO, Plans Rs 335 Crore Fresh Issue Read More »
Adani Group stocks faced sharp declines on November 21, following bribery allegations against founder Gautam Adani by US federal prosecutors. Shares of Adani Enterprises, Adani Green Energy, and Adani Energy Solutions nosedived between 10-20% during early trading. Key Allegations: US prosecutors have charged Gautam Adani and other Adani Group executives, including Sagar R Adani and
Adani Group Stocks Plunge Up to 20% Amid US Bribery Allegations Against Gautam Adani Read More »
