Indian Market - Lakshmishree News

Enviro Infra Engineers Raises Rs 195 Crore from Anchor Investors Before IPO

Lisl News Desk / Indian Market / November 22, 2024

Enviro Infra Engineers, a provider of water and wastewater management solutions, raised Rs 194.7 crore from institutional investors through its anchor book on November 21. The company aims to raise Rs 650.4 crore via its IPO, which includes a fresh issue of 3.86 crore equity shares worth Rs 572.46 crore and an offer-for-sale of 52.68 […]

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SJVN Share Price in Focus After MoU with Rajasthan Government for 7 GW Renewable Projects

Lisl News Desk / Indian Market / November 22, 2024

SJVN shares are expected to attract attention on November 22 after the company signed a Memorandum of Understanding (MoU) with the Energy Department of the Government of Rajasthan. The MoU aims to develop renewable energy projects in the state, including 5 GW of pumped storage projects and 2 GW of floating solar projects. This collaboration

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Afcons Infrastructure Shares in Focus After Winning Rs 1,274 Crore Song Dam Project

Lisl News Desk / Indian Market / November 22, 2024

Afcons Infrastructure is expected to see increased attention in the stock market on November 22 after receiving a Letter of Acceptance (LoA) from the Uttarakhand Project Development and Construction Corporation (UPDCC). The LoA is for civil and hydromechanical works related to the construction of a 130.6-meter-high concrete gravity dam as part of the Song Dam

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NSE Investments to Sell 20.32% Stake in Protean eGov Tech via OFS at Rs 1,550 per Share

Lisl News Desk / Indian Market / November 21, 2024

NSE Investments, a wholly-owned subsidiary of the National Stock Exchange (NSE), will sell up to 20.32% of its stake in Protean eGov Technologies through an Offer for Sale (OFS). The floor price for the stake sale has been set at Rs 1,550 per share. The OFS includes a base offer of 10.16% equity, with an

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Adani Group Stocks Plunge Up to 20% Amid US Bribery Allegations Against Gautam Adani

Lisl News Desk / Indian Market / November 21, 2024

Adani Group stocks faced sharp declines on November 21, following bribery allegations against founder Gautam Adani by US federal prosecutors. Shares of Adani Enterprises, Adani Green Energy, and Adani Energy Solutions nosedived between 10-20% during early trading. Key Allegations: US prosecutors have charged Gautam Adani and other Adani Group executives, including Sagar R Adani and

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Coforge Completes Open Offer for Cigniti, Stake Rises to 32.68%

Lisl News Desk / Indian Market / November 20, 2024

Coforge has successfully completed its open offer to acquire an additional 4.69% stake in Cigniti Technologies at Rs 1,415 per share. This increases Coforge’s total shareholding in Cigniti to 32.68%, up from 27.98%. In an exchange filing dated November 20, Coforge said it had acquired 12,80,374 equity shares. Further, 865 more shares are under process

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UPL to Raise Rs 3,378 Crore via Rights Issue at Rs 360 per Share

Lisl News Desk / Indian Market / November 20, 2024

Agrochemical company UPL Ltd plans to raise up to Rs 3,378 crore through a rights issue by offering 9.38 crore partly paid equity shares at Rs 360 each. The issue price represents a 34% discount to the closing price of Rs 545.5 on November 19. Eligible shareholders can subscribe to one equity share for every

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Godrej Properties Acquires 53-Acre Plot in Kolkata’s Joka, Eyes ₹500 Crore Revenue

Lisl News Desk / Indian Market / November 20, 2024

Godrej Properties has expanded its footprint in Kolkata by acquiring a 53-acre land parcel in the fast-growing Joka micro-market. The company plans to develop residential plots on this site, targeting an estimated ₹500 crore in revenue, the company announced on November 20, 2024. Project Highlights Statement from Leadership Gaurav Pandey, MD & CEO of Godrej

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Muthoot Finance Shares Jump 7% as AUM Crosses ₹1 Lakh Crore Amid Gold Loan Surge

Lisl News Desk / Indian Market / November 18, 2024

Shares of Muthoot Finance surged nearly 8% on November 18, driven by robust quarterly performance, a significant milestone of crossing ₹1 lakh crore in Assets Under Management (AUM), and strong growth in gold loans. The demand for gold loans has picked up, partly due to the Reserve Bank of India’s (RBI) tightened regulations on unsecured

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