Indian Market - Lakshmishree News

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

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 […]

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

Lisl News Desk / 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

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IndiGo Promoter Rakesh Gangwal Plans to Sell $850 Million Stake

Lisl News Desk / 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

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

Lisl News Desk / 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

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Shoppers Stop Shares Climb Nearly 5% After Partnership with Max Factor

Lisl News Desk / Indian Market

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

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DCX Systems Shares Surge 4% After Securing Rs 187 Crore Order

Lisl News Desk / Indian Market

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

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

Lisl News Desk / 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

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

Lisl News Desk / 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

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

Lisl News Desk / 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

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