Indian Market - Lakshmishree News

Rekha Jhunjhunwala-backed Style Baazar Retail Files RHP; IPO Set to Launch on August 30

Baazar Style Retail, supported by prominent investor Rekha Rakesh Jhunjhunwala, has officially filed its Red Herring Prospectus (RHP) with SEBI, signaling the upcoming launch of its Initial Public Offering (IPO). The company is expected to announce the IPO price band on August 27, 2024. The IPO consists of a fresh issuance of equity shares worth […]

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RBI Announces Dates for Premature Redemption of 30 Sovereign Gold Bonds Starting October 11

Lisl News Desk / Indian Market

The Reserve Bank of India (RBI) has released the schedule for the premature redemption of 30 Sovereign Gold Bonds (SGBs) that were issued between May 2017 and May 2020. The redemption process will start on October 11, 2024, with subsequent dates scheduled up to February 7, 2025. The redemption price will be determined based on

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Carraro India, Owned by Italy’s Carraro Group, Files for Rs 1,812 Crore IPO

Lisl News Desk / Indian Market

Carraro India, a leading manufacturer of axles and transmission systems for agricultural tractors and construction vehicles, has filed draft papers with SEBI to raise Rs 1,811.65 crore through an Initial Public Offering (IPO). The filing was made on August 23. The IPO would be an offer-for-sale fully by Carraro International S E, the Italian promoter

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Hero Motors Files Draft Papers for Rs 900 Crore IPO Backed by South Asia Growth Invest

Lisl News Desk / Indian Market

Hero Motors, the flagship company in the auto-components segment of the HMC Group, has lodged draft documents with SEBI to raise Rs 900 crore through the IPO route. The IPO would offer a fresh issue of equity shares worth Rs 500 crore and an Offer-for-Sale of up to Rs 400 crore by current promoters. Of

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Bharat Electronics and Trent to Join Nifty 50; Divis Labs and LTIMindtree Exit

Lisl News Desk / Indian Market

Bharat Electronics Ltd. and Trent Ltd. will be the latest additions to the Nifty 50 index, replacing Divis Laboratories and LTIMindtree, effective from September 30, 2024. This change, part of the NSE’s semi-annual review, also affects the Nifty50 Equal Weight index. Only stocks listed in NSE’s Futures & Options segment qualify for Nifty 50 inclusion.

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Bikaji Foods Enters Frozen Food Market with 55% Stake Acquisition in Ariba Foods

Lisl News Desk / Indian Market

Bikaji Foods International Ltd., a prominent player in India’s ethnic snacks industry, has announced its entry into the frozen food sector by acquiring a 55% stake in Ariba Foods Pvt. Ltd., a Ujjain-based company known for its frozen food products. Approved at a board meeting on August 23, 2024, this ₹60.49 crore investment marks a

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Anil Ambani and 24 Entities Barred from Securities Market for 5 Years by SEBI

Lisl News Desk / Indian Market

The Securities and Exchange Board of India (SEBI) has banned industrialist Anil Ambani and 24 other entities, including key former officials of Reliance Home Finance Ltd (RHFL), from the securities market for five years. This action is in response to allegations of fund diversion from the company. SEBI imposed a penalty of ₹25 crore on

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Ambuja Cements Sees Rs 4,251 Crore Block Deals, Adani Family Possibly Reducing Stake

Lisl News Desk / Indian Market

Several significant block deals totaling Rs 4,251 crore were executed on August 23 for Ambuja Cements, with Holderind Investments, an entity of the Adani Group, likely being the seller. By 09:23 am, Ambuja Cements’ shares were trading around 3 percent higher at Rs 650.20 on the NSE. Approximately 6.8 crore shares, representing a 2.76 percent

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DAM Capital Gears Up to File for India’s First IPO by a Boutique Investment Bank

Lisl News Desk / Indian Market

Veteran dealmaker Dharmesh Mehta’s DAM Capital Advisors Limited is on the verge of making history by filing draft papers with SEBI for its own IPO, according to sources who spoke to Moneycontrol. If successful, this would be the first IPO by a pure-play boutique investment bank on India’s mainboard. The draft red herring prospectus is

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Adani Group Considering 5% Stake Sale in Adani Power and Ambuja Cements: CNBC Awaaz

Lisl News Desk / Indian Market

The Adani Group is reportedly looking forward to reducing its debt by selling up to 5% of promoter holdings in Adani Power and Ambuja Cements, reports CNBC Awaaz. Those privy to the promoters plan indicate that the promoters are looking to offload a portion of their stakes in these listed companies while the current holding

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