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 […]
Hero Motors Files Draft Papers for Rs 900 Crore IPO Backed by South Asia Growth Invest Read More »
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.
Bharat Electronics and Trent to Join Nifty 50; Divis Labs and LTIMindtree Exit Read More »
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
Bikaji Foods Enters Frozen Food Market with 55% Stake Acquisition in Ariba Foods Read More »
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
Anil Ambani and 24 Entities Barred from Securities Market for 5 Years by SEBI Read More »
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
Ambuja Cements Sees Rs 4,251 Crore Block Deals, Adani Family Possibly Reducing Stake Read More »
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
DAM Capital Gears Up to File for India’s First IPO by a Boutique Investment Bank Read More »
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
Adani Group Considering 5% Stake Sale in Adani Power and Ambuja Cements: CNBC Awaaz Read More »
Dabur India is all set to establish its first-ever manufacturing facility in South India, with a total investment of ₹400 crore over the next five years. It has signed a memorandum of understanding with the state government of Tamil Nadu, mentioning an initial investment of ₹135 crore in Phase 1 itself. The new facility, located
Dabur to Invest ₹400 Crore in First South India Manufacturing Unit, Creating 250 Jobs Read More »
On August 22, a good block deal was seen in Eris Lifesciences, wherein about 98.9 lakh shares, or 7.27 per cent of the company’s equity changed hands at ₹1,201 per share. The deal value was ₹1,187 crore. The identities of the buyers and sellers who were parties to the block deal could not be ascertained
Eris Lifesciences Sees ₹1,187 Crore Equity Change Hands in 7.2% Block Deal Read More »
On August 22, a big block deal in Alkem Laboratories saw shares worth ₹487 crore being traded. It was about 8.5 lakh shares or 0.7 per cent stake in the pharma company, at a floor price of ₹5,732 per share. The sellers of the deal are reportedly promoters of the company. Though the exact details
Alkem Laboratories: ₹487 Crore Block Deal as Promoter Likely Sells Stake Read More »
