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’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 »
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 »
Shares of Shoppers Stop rose nearly 5% on August 28 after the company said it has entered a strategic partnership with US-based Hollywood makeup brand Max Factor. The stock bounced back sharply after falling for four days in a row to an intraday high of Rs 819 per share on the NSE, up 4.23%. The
Shoppers Stop Shares Climb Nearly 5% After Partnership with Max Factor Read More »
On August 28, DCX Systems surged 4% at Rs 344 after it received an order of Rs 187 crore from an overseas client. The said order is for supplying electronic kits and will be executed within a period of 12 months. This order comes after a similar win in the beginning of the month, when
DCX Systems Shares Surge 4% After Securing Rs 187 Crore Order Read More »
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 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 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 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 »
Central Depository Services Ltd. has fined ₹1.3 crore for settling the charges of violations related to directions given by Sebi. “The amount of ₹1,30,04,550 as recommended by HPAC has been approved by Panel of Whole-time Members vide their approval dated.,” Sebi said in an order on August 27. The charges pertain to show-cause notice dated
CDSL Settles Sebi Allegations by Paying Rs 1.3 Crore Read More »
