Interarch Building Products, a leading provider of pre-engineered steel construction solutions, has successfully mobilized Rs 179.5 crore through its anchor book on August 16, ahead of its upcoming Initial Public Offering (IPO) set to open on August 19. Notable institutional investors like ICICI Prudential Mutual Fund, Whiteoak Capital, Mirae Asset, Pinebridge Global Funds, LC Pharos […]
JSW Cement, the cement arm of the Sajjan Jindal-led JSW Group, has filed its IPO with the Securities and Exchange Board of India to mop up Rs 4,000 crore. This IPO is going to be carried out through a fresh issue of equity shares worth Rs 2,000 crore and an offer for sale of equity
JSW Cement Plans Rs 4,000 Crore IPO to Fund Expansion and Debt Repayment Read More »
Ola Electric Mobility shares surged 20 percent to ₹133 in afternoon trading on August 16, following the first ‘Buy’ rating given by HSBC. This came just after the company’s June quarter earnings were released earlier this week. HSBC set a price target of ₹140, suggesting upside potential of 26 percent over the previous day’s closing
Ola Electric Shares Surge 20% on First Buy Rating and Entry into Electric Motorcycles Read More »
Hindustan Zinc shares slumped almost 8% in opening trades on August 16 after Vedanta Ltd opened its offer-for-sale, aimed at selling 3.17% stake in the latter. The OFS will happen between August 16-19. It has a base offer of 1.22%, with a possible expansion to 3.17% in case of oversubscription. The shares are being offered
Hindustan Zinc Shares Drop 8% as Vedanta’s Discounted OFS Opens Read More »
Hindustan Aeronautics Ltd has posted strong numbers for the first quarter of FY25, with a consolidated net profit of ₹1,437 crore, up 77% against ₹814 crore in the same quarter last year. Consolidated revenue from operations stood at ₹4,348 crore, up 11% against ₹3,915 crore on a year-over-year basis; its total income was through at
HAL’s Q1 Net Profit Soars 77% to ₹1,437 Crore, Revenue Up 11% Read More »
Akihiro Fukutome, global CEO of Sumitomo Mitsui Banking Corporation, is reportedly visiting India this week to consider picking up a sizeable stake in Yes Bank Ltd. According to a Mint report, SMBC could be looking at an investment of as much as USD 5 billion for a 51% stake in the private sector lender in
Sumitomo Mitsui CEO Considers $5 Billion Investment for 51% Stake in Yes Bank Read More »
Vedanta Limited has said it will sell 2.6% in Hindustan Zinc through an offer for sale of stocks, as per a stock exchange filing. This will take forward the sale of around 11 crore shares of Hindustan Zinc. Hindustan Zinc has recently posted its first profit growth in six quarters, driven by firmer zinc prices
Vedanta to Sell 2.6% Stake in Hindustan Zinc Through Offer For Sale Read More »
Torrent Pharmaceuticals, a leading player in the generic pharma industry, is reportedly planning to raise up to $3 billion from international lenders to acquire a controlling stake in JB Chemicals & Pharmaceuticals Ltd. This move is part of Torrent’s broader strategy to expand its market presence. According to a report by Bloomberg on August 13,
Torrent Pharma May Raise Up to $3 Billion to Acquire KKR’s Stake in JB Chemicals Read More »
In the latest quarterly reshuffle by MSCI, several notable changes have been made to the MSCI India Index. Seven stocks, including Dixon Technologies, Oil India, and Rail Vikas Nigam Ltd (RVNL), have been added to the index, according to a statement released on August 12. Other firms that have made it to the index include
Amara Raja Energy & Mobility (ARE&M), a subsidiary of the Amara Raja Group, is seeking external funding options, including debt, equity, or a combination of both, to support its ambitious plan of investing ₹9,500 crore in establishing a gigafactory corridor in Telangana. The company is currently funding its initial phase through internal accruals and borrowings
Amara Raja Explores External Funding for EV Battery Business, IPO Possible Read More »
