Author name: Lisl News Desk

News Desk

Max Financial Promoter Entity Sells 3.2% Stake for Rs 1,218 Crore in Large Trade

Max Financial Promoter Entity Sells 3.2% Stake for Rs 1,218 Crore in Large Trade

/ Indian Market

Max Financial Services’ promoter entity, Max Venture Investment Holdings Pvt Ltd, sold a 3.2% equity stake in the company on September 5, amounting to over Rs 1,218 crore. This sale represents nearly half of the promoter’s shareholding, as per a filing with the stock exchanges. The stake sale involved 1.1 crore shares, with proceeds used […]

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Udayshivakumar Infra Secures Rs 1,057 Crore National Highway Projects

Udayshivakumar Infra Secures Rs 1,057 Crore National Highway Projects

/ Indian Market

Udayshivakumar Infra’s shares are expected to be in focus on September 6 after the company, through its joint ventures (JVs) with KMC Construction (KMCCL), secured three new National Highway projects worth Rs 1,057.3 crore in total. The infrastructure company, in an attempt to expand its business, formed the JVs with KMCCL to bid for highway

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Adani Group Aims to Raise Rs 40,000 Crore from Retail and HNI Investors in 3 Years via NCDs

Adani Group Aims to Raise Rs 40,000 Crore from Retail and HNI Investors in 3 Years via NCDs

/ Indian Market

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

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SEBI Employees Protest at Mumbai HQ, Demand Chairperson Madhabi Puri Buch's Resignation

SEBI Employees Protest at Mumbai HQ, Demand Chairperson Madhabi Puri Buch’s Resignation

/ Indian Market

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

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Raymond Lifestyle Shares List at Rs 3,020 on NSE, Drop 5% Post-Listing

Raymond Lifestyle Shares List at Rs 3,020 on NSE, Drop 5% Post-Listing

/ IPO News

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

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Minda Corp Stock Gains on Technology Licensing Agreement with China’s Sanco

Minda Corp Stock Gains on Technology Licensing Agreement with China’s Sanco

/ Indian Market

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

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Rama Steel Tubes Jumps 13% on Strategic Collaboration with Onix Renewable

Rama Steel Tubes Jumps 13% on Strategic Collaboration with Onix Renewable

/ Indian Market

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

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