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News Desk

PNB Housing Surges 6% as General Atlantic Singapore Likely Sells 5% Stake

PNB Housing Surges 6% as General Atlantic Singapore Likely Sells 5% Stake

/ Indian Market

Shares of PNB Housing Finance jumped over 6% in early trading on August 21, following a significant block deal where 1.39 crore shares, equivalent to a 5% stake in the company, were traded. The likely seller is General Atlantic Singapore Fund, a private equity investor. Although the exact parties to the transaction were not immediately […]

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US-based Chevron to Invest $1 Billion in New Tech Center in Bengaluru

US-based Chevron to Invest $1 Billion in New Tech Center in Bengaluru

/ Indian Market

US-based energy giant Chevron announced a huge USD 1 bn investment in Bengaluru for setting up a new technology center on August 20. Christened Chevron Engineering and Innovation Excellence Center, or ENGINE, this facility is going to prove critical to the group’s global operations and projects. Chevron plans to employ about 600 people by the

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Cyient to Sell 14.5% Stake in Subsidiary Cyient DLM via Block Deal, Floor Price Likely at Rs 748.65 per Share

Cyient to Sell 14.5% Stake in Subsidiary Cyient DLM via Block Deal, Floor Price Likely at Rs 748.65 per Share

/ Indian Market

On August 20, IT services company Cyient announced that its board has approved the sale of a 14.5% stake in its subsidiary, Cyient DLM, through a block deal. The floor price for the sale is expected to be set at Rs 748.65 per share, reflecting a nearly 5% discount compared to the Rs 788.05 per

Cyient to Sell 14.5% Stake in Subsidiary Cyient DLM via Block Deal, Floor Price Likely at Rs 748.65 per Share Read More »

Tech Mahindra Shares Rise as Company Sells 103-Acre Land in Hyderabad to Mahindra University for Rs 535 Crore

Tech Mahindra Shares Rise as Company Sells 103-Acre Land in Hyderabad to Mahindra University for Rs 535 Crore

/ Indian Market

Tech Mahindra’s shares saw an increase of over 2% on August 20 after the company’s management approved the sale of a 103-acre land parcel in Hyderabad to Mahindra University. The deal, valued at Rs 535 crore, includes land and buildings with a total built-up area of approximately 1.26 million square feet spread over 17 buildings

Tech Mahindra Shares Rise as Company Sells 103-Acre Land in Hyderabad to Mahindra University for Rs 535 Crore Read More »

Axiscades Technologies' Shares Surge 6% After Subsidiary Secures Contract with British Energy Firm

Axiscades Technologies’ Shares Surge 6% After Subsidiary Secures Contract with British Energy Firm

/ Indian Market

Shares of Axiscades Technologies climbed over 6% on August 20 after its subsidiary, Epcogen, secured a long-term contract with Highview Power Limited, a UK-based energy storage technology company. At 2 PM, the stock was 2.1 percent higher at Rs 554 on NSE against the previous close of the session. Epcogen has won another large deal,

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Poly Medicure Launches QIP to Raise Rs 1,000 Crore, Targets Expansion

Poly Medicure Launches QIP to Raise Rs 1,000 Crore, Targets Expansion

/ Indian Market

Poly Medicure has initiated a Qualified Institutional Placement (QIP) aiming to raise Rs 1,000 crore, according to sources cited by CNBC-TV18. The QIP is expected to result in an equity dilution of approximately 5.54 percent, relative to the company’s pre-issue outstanding capital. The shares would be issued at a price range of Rs 1,850 to

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Hi-Tech Pipes Approves Fundraising Plan of Rs 600 Crore via Multiple Avenues

Hi-Tech Pipes Approves Fundraising Plan of Rs 600 Crore via Multiple Avenues

/ Indian Market

Hi-Tech Pipes has announced that its board of directors has approved a plan to raise Rs 600 crore through the issuance of various securities. The fundraising will be carried out through multiple channels, including private placements, qualified institutional placements (QIP), follow-on public offerings, or rights issues, according to an exchange filing by the company. The

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Government Reduces Windfall Tax on Crude Oil to Rs 2,100 per Tonne

Government Reduces Windfall Tax on Crude Oil to Rs 2,100 per Tonne

/ Indian Market

It reduced the windfall tax, also known as special additional excise duty, on domestically-produced crude oil to Rs 2,100 per tonne from Rs 4,600 per tonne earlier. This reduction in duty is part of the fortnightly review undertaken by the government in the special additional excise duty, also known as the windfall tax. The windfall

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Sebi Clarifies No NOC Request from NSE for IPO, Points to Exchange's Delay

Sebi Clarifies No NOC Request from NSE for IPO, Points to Exchange’s Delay

/ Indian Market

The Securities and Exchange Board of India (Sebi) informed the Delhi High Court on Wednesday that the National Stock Exchange (NSE) has not submitted a fresh request for a no-objection certificate (NOC) for its planned Initial Public Offering (IPO). This clarification came in response to a writ petition seeking to expedite the NSE’s IPO process.

Sebi Clarifies No NOC Request from NSE for IPO, Points to Exchange’s Delay Read More »

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