Indian Market

CESC Arm Secures Rs 871 Crore Deal for Chandigarh Power Distribution

CESC Arm Secures Rs 871 Crore Deal for Chandigarh Power Distribution

/ Indian Market /

Eminent Electricity Distribution Ltd, a wholly-owned subsidiary of CESC, has signed a deal worth Rs 871 crore to take over the electricity distribution company in the Union Territory of Chandigarh. The agreement follows the receipt of a ‘Letter of Intent’ (LOI) for acquiring 100% shares in the distribution entity responsible for supplying electricity in the […]

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Saltoro Alpha Acquires 2.5% Stake in Ashapura Minechem

Saltoro Alpha Acquires 2.5% Stake in Ashapura Minechem

/ Indian Market /

Saltoro Alpha LP has purchased 11.9 lakh shares, equivalent to a 2.5% stake in Ashapura Minechem Ltd, at Rs 249.1 per share. The transaction occurred as Copthall Mauritius Investment Ltd offloaded the same stake at the same price. Following this development, Ashapura Minechem’s stock rose by 2.28%, closing at Rs 254 per share on November

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SEBI Suggests External Oversight in Hiring Key Roles at Stock Exchanges and MIIs

SEBI Suggests External Oversight in Hiring Key Roles at Stock Exchanges and MIIs

/ Indian Market /

SEBI has proposed new guidelines for hiring key management personnel (KMPs) at market infrastructure institutions (MIIs), including stock exchanges. The market regulator suggested involving an independent external agency and SEBI itself in the recruitment process for critical positions like heads of technology, operations, and compliance. These, among other proposals, have been set out in a

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

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

/ Indian Market /

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

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

/ Indian Market /

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

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

/ Indian Market /

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

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

/ Indian Market /

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

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

/ Indian Market /

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%

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

/ Indian Market /

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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