On August 26, 2024, shares in AU Small Finance Bank changed hands to the tune of ₹804 crore on the exchanges. There were approximately 1.30 crore shares, comprising some 1.7% of the bank’s stake, which were transacted at the floor price of ₹630 per share. Strong investor interest was witnessed for this deal, as AU […]
AU Small Finance Bank Shares Worth ₹804 Crore Traded in Block Deal Read More »
Kolkata-based Baazar Style Retail Ltd has established a price band of ₹370-₹389 per share for its upcoming Initial Public Offering (IPO), which is set to open on August 30, 2024. The anchor bidding for the IPO will begin on August 29, with the public issue closing on September 3. The ₹148 crore IPO consists of
Baazar Style Retail Sets IPO Price Band at ₹370-₹389 per Share Read More »
Baazar Style Retail, supported by prominent investor Rekha Rakesh Jhunjhunwala, has officially filed its Red Herring Prospectus (RHP) with SEBI, signaling the upcoming launch of its Initial Public Offering (IPO). The company is expected to announce the IPO price band on August 27, 2024. The IPO consists of a fresh issuance of equity shares worth
Rekha Jhunjhunwala-backed Style Baazar Retail Files RHP; IPO Set to Launch on August 30 Read More »
The Reserve Bank of India (RBI) has released the schedule for the premature redemption of 30 Sovereign Gold Bonds (SGBs) that were issued between May 2017 and May 2020. The redemption process will start on October 11, 2024, with subsequent dates scheduled up to February 7, 2025. The redemption price will be determined based on
Carraro India, a leading manufacturer of axles and transmission systems for agricultural tractors and construction vehicles, has filed draft papers with SEBI to raise Rs 1,811.65 crore through an Initial Public Offering (IPO). The filing was made on August 23. The IPO would be an offer-for-sale fully by Carraro International S E, the Italian promoter
Carraro India, Owned by Italy’s Carraro Group, Files for Rs 1,812 Crore IPO Read More »
Hero Motors, the flagship company in the auto-components segment of the HMC Group, has lodged draft documents with SEBI to raise Rs 900 crore through the IPO route. The IPO would offer a fresh issue of equity shares worth Rs 500 crore and an Offer-for-Sale of up to Rs 400 crore by current promoters. Of
Hero Motors Files Draft Papers for Rs 900 Crore IPO Backed by South Asia Growth Invest Read More »
Bharat Electronics Ltd. and Trent Ltd. will be the latest additions to the Nifty 50 index, replacing Divis Laboratories and LTIMindtree, effective from September 30, 2024. This change, part of the NSE’s semi-annual review, also affects the Nifty50 Equal Weight index. Only stocks listed in NSE’s Futures & Options segment qualify for Nifty 50 inclusion.
Bharat Electronics and Trent to Join Nifty 50; Divis Labs and LTIMindtree Exit Read More »
Bikaji Foods International Ltd., a prominent player in India’s ethnic snacks industry, has announced its entry into the frozen food sector by acquiring a 55% stake in Ariba Foods Pvt. Ltd., a Ujjain-based company known for its frozen food products. Approved at a board meeting on August 23, 2024, this ₹60.49 crore investment marks a
Bikaji Foods Enters Frozen Food Market with 55% Stake Acquisition in Ariba Foods Read More »
The Jackson Hole Economic Policy Symposium 2024 is underway in Wyoming, attracting global financial leaders and central bankers to this highly anticipated event. Often referred to as the “Davos of central bankers,” this annual retreat serves as a critical platform for discussing economic policies that have far-reaching impacts on global markets. This year’s focus is
Jackson Hole Economic Policy Symposium 2024: Key Details on US Fed Chair Powell’s Speech Read More »
The Securities and Exchange Board of India (SEBI) has banned industrialist Anil Ambani and 24 other entities, including key former officials of Reliance Home Finance Ltd (RHFL), from the securities market for five years. This action is in response to allegations of fund diversion from the company. SEBI imposed a penalty of ₹25 crore on
Anil Ambani and 24 Entities Barred from Securities Market for 5 Years by SEBI Read More »
