Shares of Axis Bank, India’s third-largest private lender, dropped to a 14-month low on January 15 after a block deal involving 43.6 lakh shares was executed during the trading session. The details of the buyer and seller remain undisclosed. Axis Bank was trading at 1,025.5 rupees, down 2.5% on the day on the NSE at […]
Axis Bank Shares Hit 14-Month Low After Block Deal, Analysts Predict Q3 Growth Read More »
Vedanta Ltd.’s creditors will convene on February 18 to finalize their decision on a proposal to divide the Indian mining conglomerate into five distinct businesses. This move is part of a broader strategy to streamline operations and manage the company’s significant debt. The scheme of arrangement would divide Vedanta’s businesses into an aluminum, oil and
Vedanta Creditors to Decide on Business Split in February Read More »
Aditya Birla Fashion and Retail Ltd (ABFRL) announced on January 15 that its board has approved a preferential issue of equity shares and plans to raise significant funds through Qualified Institutional Placement (QIP). The preferential issue comprises up to 4.08 crore equity shares to promoters at Rs 317.45 apiece and 3.96 crore shares to institutional
Aditya Birla Fashion Plans Rs 2,500 Crore Fundraising Through QIP and Preferential Issue Read More »
Afcons Infrastructure Ltd, a flagship of Shapoorji Pallonji Group, has emerged as the lowest bidder for two big-ticket road construction projects in Pune, estimated to be worth Rs 4,800 crore. An exchange filing on January 13, to this effect, boosted market sentiment. The stock had rebounded partly from the early losses and traded 3.37% off
Afcons Infra Shares Partially Recover After Winning Rs 4,800 Crore Pune Road Projects Read More »
The Rs 698-crore IPO of Laxmi Dental saw an encouraging response from the first day of subscription as the issue was subscribed fully within 90 minutes on January 13. The company received bids for around 1.13 crore shares against an offer size of 90 lakh shares, subscribing 1.25 times by 11:30 AM. Retail investors spearheaded
Laxmi Dental IPO Fully Subscribed in Just 90 Minutes, Retail Investors Lead the Charge Read More »
Rupee hits new low of 86.31 against dollar, second day of decline The Indian rupee fell 27 paise to a new all time low of 86.31 against the US dollar in early trade on Monday. This is the second day of decline for the currency as a strong dollar and global uncertainty weighed on forex
Rupee Hits Record Low of 86.31 Against US Dollar Amid Global Pressures Read More »
Private life insurance companies continued their strong performance in December 2024, recording an 11.4% year-on-year growth in individual annual premium equivalent (APE). In contrast, LIC experienced a sharp 13% decline in individual APE, highlighting the widening gap between private insurers and the state-run giant. Private Players Maintain Momentum The 12.3% increase in individual APE at
Private Insurers Show Growth While LIC Faces Decline in December Premiums Read More »
The Securities and Exchange Board of India (SEBI) has proposed increasing the threshold for foreign portfolio investors (FPIs) required to make additional disclosures. The current threshold of Rs 25,000 crore in equity assets under management (AUM) is proposed to be doubled to Rs 50,000 crore, considering the significant rise in market volumes. In a consultation
SEBI Proposes Doubling Threshold for FPI Additional Disclosures to Rs 50,000 Crore Read More »
Laxmi Dental, a leading manufacturer of dental products, has raised Rs 314.1 crore from institutional investors via its anchor book ahead of the Rs 698-crore IPO. The initial public offering (IPO) will open for subscription on January 13 and close on January 15, with a price band of Rs 407-428 per share. The IPO comprises
Laxmi Dental Raises Rs 314 Crore Through Anchor Investors Ahead of IPO Read More »
The time taken for processing mutual fund and IPO applications has significantly reduced over the years, according to Sebi Chairperson Madhabi Puri Buch. Speaking at a symposium in Mumbai on January 10, she noted that as of November 2024, only two IPO applications and one mutual fund application older than six months remain pending, compared
Sebi Chairperson Highlights Reduced Pendency in Mutual Funds and IPO Applications Read More »
