Lisl News Desk - Lakshmishree News

Belrise Industries Plans Rs 2,150-Crore IPO to Reduce Debt, Files with SEBI

Pune-based automotive component manufacturing company, Belrise Industries limited has filed the draft papers with SEBI to raise Rs 2,150 crore through an initial public offering. The IPO consists of only a fresh issue which means that all money, net of expenses, will come directly to the company. Key Details of the IPO: Business Overview:Belrise Industries […]

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Coforge Completes Open Offer for Cigniti, Stake Rises to 32.68%

Lisl News Desk / Indian Market

Coforge has successfully completed its open offer to acquire an additional 4.69% stake in Cigniti Technologies at Rs 1,415 per share. This increases Coforge’s total shareholding in Cigniti to 32.68%, up from 27.98%. In an exchange filing dated November 20, Coforge said it had acquired 12,80,374 equity shares. Further, 865 more shares are under process

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UPL to Raise Rs 3,378 Crore via Rights Issue at Rs 360 per Share

Lisl News Desk / Indian Market

Agrochemical company UPL Ltd plans to raise up to Rs 3,378 crore through a rights issue by offering 9.38 crore partly paid equity shares at Rs 360 each. The issue price represents a 34% discount to the closing price of Rs 545.5 on November 19. Eligible shareholders can subscribe to one equity share for every

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Godrej Properties Acquires 53-Acre Plot in Kolkata’s Joka, Eyes ₹500 Crore Revenue

Lisl News Desk / Indian Market

Godrej Properties has expanded its footprint in Kolkata by acquiring a 53-acre land parcel in the fast-growing Joka micro-market. The company plans to develop residential plots on this site, targeting an estimated ₹500 crore in revenue, the company announced on November 20, 2024. Project Highlights Statement from Leadership Gaurav Pandey, MD & CEO of Godrej

Godrej Properties Acquires 53-Acre Plot in Kolkata’s Joka, Eyes ₹500 Crore Revenue Read More »

Rajputana Biodiesel IPO to Open on November 26: Key Details

Lisl News Desk / IPO News

Jaipur-based bio-fuel producer, Rajputana Biodiesel, is entering the capital market with an initial public offer to raise ₹24.7 crore commencing on November 26, 2024 and will remain open for public subscription up to November 28. Its issues are priced in the range of ₹123-₹130 per share. Listing will take place on December 3, on NSE

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Waaree Energies Reports 15% Profit Growth in Q2FY25, Plans ₹600 Crore Investment in Subsidiaries

Lisl News Desk / Results

Waaree Energies reported a 14.77% YoY rise in net profit at ₹361.65 crore for the three months ended September of FY25 as compared to ₹315.09 crore for the corresponding period a year ago. However, net profit of the company declined sequentially from ₹394.14 crore in Q1FY25. Revenue Highlights The company’s revenue from operations was largely

Waaree Energies Reports 15% Profit Growth in Q2FY25, Plans ₹600 Crore Investment in Subsidiaries Read More »

India Poised to Surpass Japan in Nominal GDP Rankings by 2025

Lisl News Desk / Global Market

India is on track to overtake Japan in nominal Gross Domestic Product (GDP) rankings, driven by sustained economic growth and a stable currency, while Japan faces stagnation and a weakening yen. Key Predictions: Current Scenario: In 2023, India’s GDP stood at $3.55 trillion, while Japan’s was $4.22 trillion, according to World Bank data. The IMF

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Muthoot Finance Shares Jump 7% as AUM Crosses ₹1 Lakh Crore Amid Gold Loan Surge

Lisl News Desk / Indian Market

Shares of Muthoot Finance surged nearly 8% on November 18, driven by robust quarterly performance, a significant milestone of crossing ₹1 lakh crore in Assets Under Management (AUM), and strong growth in gold loans. The demand for gold loans has picked up, partly due to the Reserve Bank of India’s (RBI) tightened regulations on unsecured

Muthoot Finance Shares Jump 7% as AUM Crosses ₹1 Lakh Crore Amid Gold Loan Surge Read More »

Crompton Greaves Shares Rise 7% on Strong Q2 Earnings Growth

Lisl News Desk / Indian Market

Shares of Crompton Greaves Consumer Electrical surged 7% after the company reported a strong financial performance for the July-September quarter of FY25. At 1:40 PM, the stock was trading 4% higher at ₹385. On a year-to-date basis, Crompton Greaves shares have gained 23%, outperforming the Nifty 50 index, which has risen by 8% during the

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Author name: Lisl News Desk