On December 6, The Royal Bank of Scotland Plc, acting as Trustee for Jupiter India Fund, sold a 0.5% stake in Himatsingka Seide at an average price of Rs 195.22 per share. This transaction, valued at Rs 13.48 crore, reduced the fund’s stake, which stood at 5.01% as of October 2024. Despite the sale, shares […]
Shares of RITES Limited rose nearly 5% in early trade on December 6 after the company announced that it has secured a Rs 148.25 crore project from the Indian Institute of Management (IIM) Raipur. The project involves RITES acting as the Project Management Consultant for the Phase II development of the institute’s campus in Chhattisgarh.
RITES Shares Gain 5% on Winning Rs 148.25 Crore IIM Raipur Contract Read More »
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) announced on December 6 that the repo rate would remain unchanged at 6.5%, marking the 11th consecutive decision to maintain the rate. Key Highlights Economic Context This was pretty much expected from the latest Moneycontrol survey of 17 economists, bankers, and fund managers. Unchanged rates
RBI Keeps Repo Rate Steady at 6.5% for the 11th Consecutive Time Read More »
Digital payments platform One Mobikwik Systems Ltd has set the price band for its upcoming IPO at Rs 265-279 per share, with the public subscription scheduled from December 11 to 13. Anchor investors can bid starting December 10. The IPO size has been trimmed for the third time, now targeting Rs 572 crore, compared to
Mobikwik IPO Price Band Announced at Rs 265-279; Size Reduced to Rs 572 Crore Read More »
Vishal Mega Mart Ltd has announced the price band for its ₹8,000 crore initial public offering (IPO) at ₹74-78 per share. The IPO will open for subscription from December 11 to December 13, with anchor bidding starting on December 10. IPO Timeline and Allotment Details The entire IPO is an offer for sale by the
Vishal Mega Mart IPO Price Band Set at ₹74-78 per Share; Key Details You Need to Know Read More »
The National Highways Authority of India (NHAI), through its fully-owned Special Purpose Vehicle, DME Development Ltd (DMEDL), is set to issue green bonds worth ₹1,000 crore. This initiative aims to fund environmentally sustainable measures along the Delhi-Mumbai Expressway. The ₹500-crore bond issue with a green-shoe option for another ₹500 crore if oversubscribed is likely to
Negotiations between Manappuram Finance, India’s second-largest gold loan company, and Bain Capital, a leading private equity firm, have hit a roadblock due to differences over the deal’s terms. Sources indicate that the discussions, which began in early November, were aimed at Bain acquiring a controlling stake. However, disagreements have delayed the process. Key Issues in
Talks Between Bain Capital and Manappuram Finance Face Delays Over Terms of Agreement Read More »
Shares of Bondada Engineering climbed over 3% on December 5, following the announcement of a major ₹1,089 crore order from the Bihar Renewable Energy Development Agency. This project is part of the Mukhyamantri Gramin Solar Street Light Yojana and involves the design, supply, installation, testing, and commissioning of smart solar street light systems with remote
Bondada Engineering Stock Jumps 3% After Winning ₹1,089 Crore Solar Project in Bihar Read More »
Vishal Mega Mart, one of India’s largest diversified retailers, is set to launch its ₹8,000-crore Initial Public Offering (IPO) on December 11. The IPO bidding for anchor investors will commence a day earlier, on December 10, as stated in the company’s Red Herring Prospectus (RHP). The public issue will close on December 13. This IPO
Vishal Mega Mart’s ₹8,000-Crore IPO to Open on December 11: Key Highlights Read More »
PG Electroplast shares soared on December 5, climbing 6% to touch a record high of ₹820.75 after the company announced the launch of a Qualified Institutional Placement (QIP) worth up to ₹1,500 crore. The stock has gained significant momentum, rising 16% in the past week alone. At 9:57 am, shares were trading at ₹812.05 on
PG Electroplast Shares Hit All-Time High After Launch of ₹1,500 Crore QIP Read More »
