Author name: Lisl News Desk

News Desk

Talks Between Bain Capital and Manappuram Finance Face Delays Over Terms of Agreement

Talks Between Bain Capital and Manappuram Finance Face Delays Over Terms of Agreement

/ Indian Market /

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 […]

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Bondada Engineering Stock Jumps 3% After Winning ₹1,089 Crore Solar Project in Bihar

Bondada Engineering Stock Jumps 3% After Winning ₹1,089 Crore Solar Project in Bihar

/ Indian Market /

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

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Vishal Mega Mart's ₹8,000-Crore IPO to Open on December 11: Key Highlights and Growth Insights

Vishal Mega Mart’s ₹8,000-Crore IPO to Open on December 11: Key Highlights

/ Indian Market /

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

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PG Electroplast Shares Hit All-Time High After Launch of ₹1,500 Crore QIP

PG Electroplast Shares Hit All-Time High After Launch of ₹1,500 Crore QIP

/ Indian Market /

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

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HEG Shares Gain 6% After ₹172 Crore Block Deal; Touch 6-Year High Amid Strong Demand Outlook

HEG Shares Gain 6% After ₹172 Crore Block Deal; Touch 6-Year High Amid Strong Demand Outlook

/ Indian Market /

HEG’s stock extended its rally, climbing over 6% on December 5 to reach a 6-year high of ₹619. This marked the third consecutive session of gains for the graphite electrode manufacturer, fueled by a major block deal worth ₹172 crore. During the transaction, 28.8 lakh shares, representing a 6% stake in the company, were traded

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Brickwork Ratings Settles SEBI Allegations with Rs 1.54 Crore Payment

Brickwork Ratings Settles SEBI Allegations with Rs 1.54 Crore Payment

/ Indian Market /

Brickwork Ratings has agreed to pay Rs 1.54 crore to settle allegations of violating SEBI’s Credit Rating Agencies (CRA) Regulations. The Securities and Exchange Board of India (SEBI) announced the settlement on December 4. SEBI inspected Brickwork Ratings covering December 1, 2019, to January 21, 2022. The inspection aimed to evaluate the agency’s compliance with

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PB Fintech Shares Surge to 52-Week High on Subsidiary Approval for Healthcare Services

PB Fintech Shares Surge to 52-Week High on Subsidiary Approval for Healthcare Services

/ Indian Market /

Shares of PB Fintech surged nearly 5 percent on December 4, reaching a 52-week high of Rs 2,018.85 after the company announced plans to incorporate a wholly owned subsidiary. This new entity will focus on healthcare services under proposed names such as ‘PB Healthcare’ or ‘PB Healthcare Services,’ subject to approval by the Ministry of

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Waaree Energies Shares Correct Sharply from Peak Amid Global Uncertainty

Waaree Energies Shares Correct Sharply from Peak Amid Global Uncertainty

/ Indian Market /

Shares of Waaree Energies saw marginal gains of 0.46% to ₹2,709.35 on December 4, but the stock remains under pressure, having dropped 33% from its all-time high of ₹3,743 on November 6. While still 8.37% above its listing price of ₹2,500 on October 28, the steep correction has raised concerns among investors about its future

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Reliance Power Hits 5% Upper Circuit as SECI Withdraws Debarment Notice

Reliance Power Hits 5% Upper Circuit as SECI Withdraws Debarment Notice

/ Indian Market /

Shares of Reliance Power surged 5% to ₹41.09 on December 4 after the Solar Energy Corporation of India (SECI) withdrew its debarment notice against the company. This development reinstates Reliance Power and its subsidiaries—except Reliance NU BESS (formerly Maharashtra Energy Generation)—as eligible participants in SECI’s renewable energy tenders. Key Developments The debarment notice, issued on

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RVNL Shares in Focus After ₹186.76 Crore Project Win from East Central Railway

RVNL Shares in Focus After ₹186.76 Crore Project Win from East Central Railway

/ Indian Market /

Rail Vikas Nigam Limited’s shares are likely to be in focus on December 4, after the company received an order worth ₹186.76 crore from East Central Railway. The project involves the design, supply, erection, testing, and commissioning of traction substations along with associated switching posts. These works will upgrade the electric traction system from 1X25

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