Author name: Lisl News Desk

News Desk

KEC International Shares Surge 5% on Securing ₹1,171 Crore T&D Orders in Middle East

KEC International Shares Surge 5% on Securing ₹1,171 Crore T&D Orders in Middle East

/ Indian Market

The shares of KEC International jumped over 5% in the early deals on August 29 after the infra company has bagged new orders of Transmission and Distribution (T&D) worth ₹1,171 crore in the Middle East. Other new orders include a 400-kV transmission line project in the UAE, while the other one is a 380-kV transmission […]

KEC International Shares Surge 5% on Securing ₹1,171 Crore T&D Orders in Middle East Read More »

Resourceful Automobile Shares List Flat at ₹117 Despite 419x IPO Subscription

Resourceful Automobile Shares List Flat at ₹117 Despite 419x IPO Subscription

/ Indian Market

Shares of Resourceful Automobile made a weak debut on the BSE SME platform on Wednesday, listing at its issue price of ₹117, despite a massive oversubscription of 419 times during the IPO process. In fact, the ₹12-crore public offer created a lot of buzz, with 40.76 crore shares bid for against 9.76 lakh shares on

Resourceful Automobile Shares List Flat at ₹117 Despite 419x IPO Subscription Read More »

IndiGo Promoter Rakesh Gangwal Plans to Sell $850 Million Stake

IndiGo Promoter Rakesh Gangwal Plans to Sell $850 Million Stake

/ Indian Market

IndiGo’s co-founder and promoter, Rakesh Gangwal, is reportedly planning to sell up to $850 million worth of shares in InterGlobe Aviation, the airline’s parent company. According to CNBC-TV18, Gangwal is seeking to offload his stake through block deals at a discounted indicative price of Rs 4,593 per share. As of June 2024, Gangwal held a

IndiGo Promoter Rakesh Gangwal Plans to Sell $850 Million Stake Read More »

CCI Approves Rs 70,350-Crore Reliance-Disney India Merger

CCI Approves Rs 70,350-Crore Reliance-Disney India Merger

/ Indian Market

India’s Competition Commission (CCI) has given its nod to the Rs 70,350-crore merger between Reliance Industries Ltd (RIL) and Disney’s Indian media assets, a deal that is set to create a media giant in the country. The approval is subject to certain voluntary modifications proposed by the involved parties. The announcement from the CCI was

CCI Approves Rs 70,350-Crore Reliance-Disney India Merger Read More »

NSE Plans to Reapply for NOC in Push to Launch Rs 30,000 Crore IPO

NSE Plans to Reapply for NOC in Push to Launch Rs 30,000 Crore IPO

/ Indian Market

The National Stock Exchange (NSE) is planning to refile for a no-objection certificate (NOC) from the Securities and Exchange Board of India (SEBI) to move forward with its long-awaited initial public offering (IPO), which is expected to raise around Rs 30,000 crore. This decision was discussed during the exchange’s annual general meeting. NSE’s IPO plans

NSE Plans to Reapply for NOC in Push to Launch Rs 30,000 Crore IPO Read More »

QVC Exports Shares Debut with an 87% Premium on NSE SME, Followed by Profit Booking

QVC Exports Shares Debut with an 87% Premium on NSE SME, Followed by Profit Booking

/ Indian Market

QVC Exports made a strong debut on the NSE SME platform, listing at Rs 161 per share—an 87% premium over its IPO price of Rs 86. Despite the impressive start, the stock experienced profit booking, pulling it down to a low of Rs 152.95. The grey market had estimated the listing to be even higher

QVC Exports Shares Debut with an 87% Premium on NSE SME, Followed by Profit Booking Read More »

NBCC Set to Discuss Bonus Share Issuance at August 31 Board Meeting

NBCC Set to Discuss Bonus Share Issuance at August 31 Board Meeting

/ Indian Market

NBCC Ltd, a prominent Navratna Central Public Sector Enterprise, has announced plans to consider issuing bonus shares during its upcoming board meeting scheduled for August 31. The company informed shareholders through an exchange filing, indicating that the board will review a proposal to issue bonus shares by capitalizing reserves, pending shareholder approval. The share price

NBCC Set to Discuss Bonus Share Issuance at August 31 Board Meeting Read More »

Citibank NA Settles FPI and Depository Regulation Violations for Rs 40.2 Lakh

Citibank NA Settles FPI and Depository Regulation Violations for Rs 40.2 Lakh

/ Indian Market

Citibank N.A., acting as a designated depository participant (DDP), has paid Rs 40.2 lakh to settle allegations of violations related to the Foreign Portfolio Investors (FPI) Regulations and the Code of Conduct under Depositories and Participant Regulations. The violations related to duplication of the client’s wet ink signature without his or her consent. Sebi, the

Citibank NA Settles FPI and Depository Regulation Violations for Rs 40.2 Lakh Read More »

Scroll to Top