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News Desk

Mithun Sacheti Buys Stake in Arihant Foundations; Block Deals in Focus

Mithun Sacheti Buys Stake in Arihant Foundations; Block Deals in Focus

/ Indian Market /

CaratLane founder Mithun Padam Sacheti and Siddhartha Sacheti bought 1.74 lakh shares each, or a 1.75% stake each in Arihant Foundations & Housing Ltd. Shares were fetched at ₹685 a piece against a block deal on Tuesday. Monet Securities Private Ltd offloaded 3.48 lakh shares in the aforesaid transaction for two equal tranches. Arihant Foundations’ […]

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Patel Retail Raises ₹15 Crore in Pre-IPO Placement at ₹300 Per Share

Patel Retail Raises ₹15 Crore in Pre-IPO Placement at ₹300 Per Share

/ Indian Market /

Supermarket chain Patel Retail has raised ₹15 crore through a pre-IPO placement by allotting 5 lakh shares at ₹300 per share. This fundraising, completed on November 27, involved participation from 44 investors and occurred before filing the red herring prospectus with the Registrar of Companies. Post allotment, Patel Retail has reduced the fresh issue size

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SEBI Wins Gold for Public Communication at India International Trade Fair

SEBI Wins Gold for Public Communication at India International Trade Fair

/ Indian Market /

The Securities and Exchange Board of India (SEBI) earned the prestigious gold medal for public communication and outreach excellence at the 43rd India International Trade Fair (IITF) 2024. The award was presented by Pradeep Singh Kharola, Chairman and Managing Director of ITPO, on November 27 at Bharat Mandapam, Pragati Maidan, New Delhi. Sebi had put

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SEBI to Tighten KPI Disclosure Norms for IPO-Bound Companies

SEBI to Tighten KPI Disclosure Norms for IPO-Bound Companies

/ Indian Market /

The Securities and Exchange Board of India (SEBI) is planning to strengthen the framework for Key Performance Indicators (KPIs) introduced two years ago for IPO-bound companies. This move aims to enhance transparency, particularly for digital companies and start-ups that lack a proven profitability track record. The KPI framework was initially introduced in 2022 following a

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PC Jeweller Gains After Setting Record Date for 1:10 Stock Split

PC Jeweller Gains After Setting Record Date for 1:10 Stock Split

/ Indian Market /

PC Jeweller’s shares rose by 4.08 percent in early trade on November 29, reaching Rs 162.60 on the NSE, following the announcement of a record date for a 1:10 stock split. The company has fixed December 16 as the record date for this sub-division of shares. In an exchange filing, PC Jeweller stated that each

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KEI Industries Raises Rs 2,000 Crore Through QIP; Kotak Mutual Fund Leads Investment

KEI Industries Raises Rs 2,000 Crore Through QIP; Kotak Mutual Fund Leads Investment

/ Indian Market /

KEI Industries has successfully raised Rs 2,000 crore via a qualified institutional placement (QIP) of equity shares. The QIP, which opened on November 25 and closed on November 28, priced the shares at Rs 3,800 each, offering a 2.1 percent discount to the floor price of Rs 3,880.54. The issuance involved 52.6 lakh equity shares,

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NCC Secures Rs 3,390 Crore EPC Contract for Ken-Betwa Link Project

NCC Secures Rs 3,390 Crore EPC Contract for Ken-Betwa Link Project

/ Indian Market /

NCC has received a Letter of Acceptance for a Rs 3,389.49 crore EPC contract for the Daudhan Dam under the Ken-Betwa Link Project. The project, issued by the Ken-Betwa Link Project Authority under the Ministry of Jal Shakti, involves planning, design, engineering, and hydro-mechanical works. The company is expected to complete the project within 72

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Emami Realty's Shares Hit 5% Upper Circuit on Rs 10,000 Crore Investment Plan

Emami Realty’s Shares Hit 5% Upper Circuit on Rs 10,000 Crore Investment Plan

/ Indian Market /

Shares of Emami Realty hit a 5 percent upper circuit at Rs 101.35 on November 28 after announcing plans to develop 22 million square feet (msf), expected to generate Rs 15,000 crore in revenue. So far this year, the stock has fallen over 11 percent, underperforming the Nifty 50’s 10 percent gain. The stock saw

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Ujjivan SFB Gains 2% After Selling Bad Loans Worth Rs 270 Crore

Ujjivan SFB Gains 2% After Selling Bad Loans Worth Rs 270 Crore

/ Indian Market /

The share of Ujjivan Small Finance Bank jumped over 2% to Rs 34.50 on November 28, after the Board of the company approved to sell Non Performing Assets and written off Loans aggregating to Rs 270.35 crore at their book value to a Registered ARC for Rs 40.55 crore, arrived through Swiss Challenge Method. The

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