The Rs 6,560-crore IPO of Bajaj Housing Finance, which opened for bidding on September 9, was fully subscribed within the first four hours. The portion reserved for HNIs (Non-Institutional Investors) has already been oversubscribed, while the Retail Individual Investors (RII) category is nearing full subscription, having been 97% subscribed by 2 PM. Bajaj Housing Finance […]
On World EV Day, September 9, Mahindra & Mahindra’s electric vehicle arm, Mahindra Last Mile Mobility Limited (MLMML), introduced its upcoming commercial electric four-wheeler, the ‘e-ZEO’. The name stands for “Zero Emission Option,” reflecting the vehicle’s eco-friendly benefits. Designed to compete with internal combustion engine (ICE) vehicles in the small commercial vehicle (SCV) sector, the
Mahindra & Mahindra Unveils ‘e-ZEO’ Commercial Electric Four-Wheeler on World EV Day Read More »
Suzlon Energy’s stock surged over 2% on September 9 after securing India’s largest wind energy order, worth 1,166 MW, from NTPC Green Energy Limited, the renewable arm of NTPC. Suzlon will install 370 wind turbine generators with a capacity of 3.15 MW each at projects for NTPC Renewable Energy Limited and Indian Oil NTPC Green
Suzlon Energy Gains 2% After Bagging India’s Largest Wind Energy Order Read More »
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
Max Financial Promoter Entity Sells 3.2% Stake for Rs 1,218 Crore in Large Trade Read More »
Indigo Paints saw a massive 25% equity stake sold for around Rs 1,750 crore in block deals on September 6, with Peak XV Partners (formerly Sequoia India) offloading part of its holding. Peak XV sold 11% of its stake, or 52 lakh shares, at Rs 1,493 per share, a 4.6% discount to the previous closing
Indigo Paints: 25% Stake Sold for Rs 1,750 Crore in Block Deal Read More »
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
Udayshivakumar Infra Secures Rs 1,057 Crore National Highway Projects Read More »
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
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
SEBI Employees Protest at Mumbai HQ, Demand Chairperson Madhabi Puri Buch’s Resignation Read More »
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
Raymond Lifestyle Shares List at Rs 3,020 on NSE, Drop 5% Post-Listing Read More »
PN Gadgil Jewellers Ltd has set a price band of Rs 456-480 per share for its upcoming Rs 1,100-crore initial public offering (IPO), which is set to open for subscription on September 10. The anchor bidding will begin on September 9, and the issue will close on September 12. The allotment will take place on
PN Gadgil Jewellers Sets Price Band of Rs 456-480 per Share for IPO Read More »
