Indian Market - Lakshmishree News

KBC Global to Raise Rs 100 Crore for Debt Reduction, Plans Equity Share Issue

KBC Global, a construction and infrastructure company, has announced plans to raise up to Rs 100 crore through an equity share issue to reduce its debt burden. The company’s board is set to meet later today to consider and approve the fundraising proposal, which may involve methods such as preferential allotment or issuing warrants, according […]

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Akums Drugs Signs Licensing Agreement with Canadian Firm Triple Hair Inc.

Lisl News Desk / Indian Market

Akums Drugs and Pharmaceuticals announced on October 16 that it has entered into a licensing agreement with Canadian company Triple Hair Inc. The deal grants Akums exclusive rights to further develop and market Triple Hair’s recently innovated products in India, as stated in a regulatory filing. Under the said agreement, Akums would be undertakings development

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Railtel Corporation Shares Surge 10% Following Rs 80 Crore Order Win from MHADA

Lisl News Desk / Indian Market

Shares of Railtel Corporation of India surged 10% to Rs 449 during afternoon trading on October 16, after the company secured a Rs 79.8 crore order from the Maharashtra Housing and Area Development Authority (MHADA). The contract involves establishing, migrating, and managing cloud-based data centers and disaster recovery sites for MHADA. Despite a 21% decline

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Cochin Shipyard Drops 4% as Government’s 5% Stake Sale via OFS Begins at Discount

Lisl News Desk / Indian Market

Shares of Cochin Shipyard fell over 4% on October 16, as the government launched an offer-for-sale (OFS) to offload a 5% stake in the public sector company. The OFS is priced at a floor of Rs 1,540 per share, reflecting a 7% discount from the last closing price. The offer includes a base 2.5% stake,

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BEML Secures Rs 866.87 Crore Contract for India’s First Indigenous Bullet Train Sets

Lisl News Desk / Indian Market

BEML, a prominent player under the Ministry of Defence, has secured a Rs 866.87-crore contract from Integral Coach Factory (ICF), Chennai, to build India’s first indigenous bullet train sets. The contract includes the design, manufacturing, and commissioning of two high-speed train sets, each consisting of eight cars, with a top speed of 280 kmph. The

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Waaree Energies Sets IPO Price Band at Rs 1,427-1,503, Marking 45% Discount to Unlisted Market Price

Lisl News Desk / Indian Market

Waaree Energies Ltd has announced a price band of Rs 1,427-1,503 per share for its upcoming initial public offering (IPO), representing a significant 45 percent discount from its current unlisted market price. The company’s unlisted shares have been trading between Rs 2,700-2,750, after soaring nearly 300 percent from around Rs 800 in August 2023 to

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G R Infraprojects Bags Rs 1,997 Crore Pune Ring Road Project

Lisl News Desk / Indian Market

G R Infraprojects shares are likely to stay in the spotlight on October 16 after the company secured a Letter of Acceptance for a Rs 1,997.07 crore project from Maharashtra State Road Development Corporation Limited (MSRDC). The project entails constructing the access-controlled Pune Ring Road, specifically Package PRR W5, from the village Kalyan/Rathwade to the

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PNC Infratech Secures Rs 4,630 Crore Road Projects from MSRDC

Lisl News Desk / Indian Market

PNC Infratech shares are expected to remain in focus on October 16 after the company received Letters of Acceptance from the Maharashtra State Road Development Corporation (MSRDC) for two major Engineering, Procurement, and Construction (EPC) road projects, collectively worth Rs 4,630 crore. The first project awarded to the company involves constructing the access-controlled Pune Ring

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Quant Mutual Fund Acquires Nearly Half of Adani Enterprises’ Rs 4,200 Crore QIP; Small Cap Fund Leads

Lisl News Desk / Indian Market

Quant Mutual Fund has emerged as the largest investor in Adani Enterprises Ltd’s recently concluded Rs 4,200-crore Qualified Institutions Placement (QIP), securing nearly 47% of the total issue size, according to the company’s stock exchange filing. Leading the investment was the Quant Small Cap Fund, which took a 17.41% share of the total Adani Enterprises

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SEBI Increases Index F&O Position Limits for Trading Members by 15x to Rs 7,500 Crore

Lisl News Desk / Indian Market

The Securities and Exchange Board of India (SEBI) has raised the position limits for trading members (TMs) in index futures and options (F&O) contracts to Rs 7,500 crore or 15% of the total open interest (OI) in the market, whichever is higher. This is a significant increase from the previous limit of Rs 500 crore.

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