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JSW Cement's IPO Stalled by SEBI Due to Regulatory Probe Involving Jindal Family

JSW Cement’s IPO Stalled by SEBI Due to Regulatory Probe Involving Jindal Family

/ Indian Market

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 […]

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Raymond Group Plans to List Apparel and Real Estate Units by End of 2025

Raymond Group Plans to List Apparel and Real Estate Units by End of 2025

/ Indian Market

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

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Muthoot Finance in Spotlight as Belstar Microfinance Gets SEBI Nod for IPO

Muthoot Finance in Spotlight as Belstar Microfinance Gets SEBI Nod for IPO

/ IPO News

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

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Brigade Enterprises Launches Rs 1,500 Crore QIP, Stock Poised for Gains

Brigade Enterprises Launches Rs 1,500 Crore QIP, Stock Poised for Gains

/ Indian Market

Brigade Enterprises is expected to see positive movement in its stock on September 3 following the launch of a Qualified Institutional Placement (QIP) to raise Rs 1,500 crore. The Bengaluru-based real estate developer has set the floor price for the QIP at Rs 1,164.70 per share, reflecting a 5.7 percent discount from its previous closing

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Shree Tirupati Balajee Agro Trading Company to Launch Rs 170 Crore IPO on September 5

Shree Tirupati Balajee Agro Trading Company to Launch Rs 170 Crore IPO on September 5

/ Indian Market

Madhya Pradesh-based Shree Tirupati Balajee Agro Trading Company has filed its red herring prospectus (RHP) with SEBI, aiming to raise Rs 169.65 crore through an initial public offering (IPO). The IPO will open for subscription on September 5 and close on September 9, with the anchor book set to open on September 4. The offer

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GST Relief on Health Insurance Could Lead to Rs 3,500 Crore Revenue Loss, Warns Government Official

GST Relief on Health Insurance Could Lead to Rs 3,500 Crore Revenue Loss, Warns Government Official

/ Indian Market

A proposal to exempt health insurance policies from the current 18 percent Goods and Services Tax (GST) could result in an annual revenue loss of Rs 3,500 crore, according to a senior official involved in the discussions. This proposal is under consideration by the Fitment Committee ahead of the GST Council’s meeting on September 9.

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Dr Reddy's Shares Slide After Chinese Regulator Suspends Atomoxetine Hydrochloride Capsule

Dr Reddy’s Shares Slide After Chinese Regulator Suspends Atomoxetine Hydrochloride Capsule

/ Indian Market

Dr Reddy’s Laboratories saw its shares dip after the National Medical Products Administration of China (NMPA) suspended the import, sale, and use of the company’s Atomoxetine Hydrochloride capsules. By 10:30 AM, the pharma giant’s stock had fallen 1.4 percent to Rs 6,937 on the NSE. The suspension follows a remote inspection conducted by NMPA at

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Gujarat Gas Surges After Board Approves GSPC and GSPL Merger

Gujarat Gas Surges After Board Approves GSPC and GSPL Merger

/ Indian Market

Gujarat Gas is making headlines after its board approved a scheme of arrangement and amalgamation involving Gujarat State Petroleum Corporation (GSPC), GSPC Energy, and Gujarat State Petronet (GSPL) merging into Gujarat Gas. This strategic move has prompted brokerages to revise their target prices upward for the city gas distribution company. As part of the restructuring,

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HDFC Bank Block Deal: 4.69 Crore Shares Sold for Rs 6,997 Crore Amid MSCI Rebalancing

HDFC Bank Block Deal: 4.69 Crore Shares Sold for Rs 6,997 Crore Amid MSCI Rebalancing

/ Indian Market

HDFC Bank witnessed a major block deal on August 30, where 4.69 crore shares were traded in multiple transactions totaling Rs 6,997 crore. The block deal coincided with the due date for MSCI indices’ August rebalancing, following the global indices provider’s decision to increase HDFC Bank’s Foreign Inclusion Factor (FIF) from 0.37 to 0.56 earlier

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