Adani Group is planning to raise between Rs 30,000 and Rs 40,000 crore from retail and high-net-worth individual (HNI) investors over the next 3-4 years through non-convertible debentures (NCDs). This move aims to diversify the group’s funding sources and reduce reliance on loans from a limited set of lenders, including banks. On Wednesday, Adani Enterprises […]
On September 5, around 200 employees of the Securities and Exchange Board of India (SEBI) staged a protest at the regulator’s headquarters in Mumbai. The protest was sparked by SEBI’s recent press release, which dismissed earlier employee complaints of an “unprofessional work culture” as being “misguided by external elements.” The employees are calling for the
SEBI Employees Protest at Mumbai HQ, Demand Chairperson Madhabi Puri Buch’s Resignation Read More »
On September 5, shares of Raymond Lifestyle Ltd, a demerged entity from Raymond Ltd, made their debut on the stock exchanges. The stock was listed at Rs 3,020 on the National Stock Exchange (NSE) and Rs 3,000 on the Bombay Stock Exchange (BSE), with an initial market capitalization of over Rs 18,200 crore. However, shortly
Raymond Lifestyle Shares List at Rs 3,020 on NSE, Drop 5% Post-Listing Read More »
PN Gadgil Jewellers Ltd has set a price band of Rs 456-480 per share for its upcoming Rs 1,100-crore initial public offering (IPO), which is set to open for subscription on September 10. The anchor bidding will begin on September 9, and the issue will close on September 12. The allotment will take place on
PN Gadgil Jewellers Sets Price Band of Rs 456-480 per Share for IPO Read More »
Shares of Minda Corporation rose over 2 percent on September 4 after the company announced a technology licensing agreement with China’s Sanco Connecting Technology, a leader in Electric Vehicle (EV) connection systems. This agreement aims to enhance Minda Corporation’s product portfolio in the growing EV industry, specifically in Electrical Distribution Systems (EDS). The agreement enables
Minda Corp Stock Gains on Technology Licensing Agreement with China’s Sanco Read More »
Shares of Rama Steel Tubes surged 13 percent on September 4, following the announcement of a strategic collaboration with Onix Renewable. By 11:30 am, the stock was trading at Rs 11.79 on the BSE, up 11.6 percent from the previous session’s close. This price surge was accompanied by a significant trading volume, with over 10
Rama Steel Tubes Jumps 13% on Strategic Collaboration with Onix Renewable Read More »
Shares of General Insurance Corporation of India (GIC Re) are set to be in the spotlight on September 4 as the Indian government plans to divest nearly 7 percent of its stake in the company through an offer for sale (OFS). The government aims to sell a 3.39 percent equity stake, with an additional 3.39
GIC Re Shares in Focus as Government to Divest 6.8% Stake via OFS Read More »
JSW Cement Ltd’s Rs 4,000-crore initial public offering (IPO) has encountered a significant hurdle as the Securities and Exchange Board of India (SEBI) has paused the approval process. The delay stems from an ongoing investigation into an alleged regulatory violation involving Sajjan Jindal, the controlling figure behind JSW Cement, and his siblings. SEBI is scrutinizing
JSW Cement’s IPO Stalled by SEBI Due to Regulatory Probe Involving Jindal Family Read More »
Raymond Ltd., an Indian conglomerate nearly a century old, is planning to list its apparel and real estate units by the end of 2025 as part of a strategic effort to enhance shareholder value. The group, which operates across diverse sectors including engineering, aerospace, fashion, and real estate, will have three listed entities by next
Raymond Group Plans to List Apparel and Real Estate Units by End of 2025 Read More »
Muthoot Finance shares are expected to be in focus on September 3 after its microfinance subsidiary, Belstar Microfinance, received approval from market regulator SEBI to proceed with its initial public offering (IPO). The IPO will include a fresh issue of Rs 1,000 crore and an offer for sale (OFS) worth Rs 300 crore. In the
Muthoot Finance in Spotlight as Belstar Microfinance Gets SEBI Nod for IPO Read More »
