Suzlon Energy’s stock surged over 2% on September 9 after securing India’s largest wind energy order, worth 1,166 MW, from NTPC Green Energy Limited, the renewable arm of NTPC. Suzlon will install 370 wind turbine generators with a capacity of 3.15 MW each at projects for NTPC Renewable Energy Limited and Indian Oil NTPC Green […]
Suzlon Energy Gains 2% After Bagging India’s Largest Wind Energy Order Read More »
Max Financial Services’ promoter entity, Max Venture Investment Holdings Pvt Ltd, sold a 3.2% equity stake in the company on September 5, amounting to over Rs 1,218 crore. This sale represents nearly half of the promoter’s shareholding, as per a filing with the stock exchanges. The stake sale involved 1.1 crore shares, with proceeds used
Max Financial Promoter Entity Sells 3.2% Stake for Rs 1,218 Crore in Large Trade Read More »
Indigo Paints saw a massive 25% equity stake sold for around Rs 1,750 crore in block deals on September 6, with Peak XV Partners (formerly Sequoia India) offloading part of its holding. Peak XV sold 11% of its stake, or 52 lakh shares, at Rs 1,493 per share, a 4.6% discount to the previous closing
Indigo Paints: 25% Stake Sold for Rs 1,750 Crore in Block Deal Read More »
Udayshivakumar Infra’s shares are expected to be in focus on September 6 after the company, through its joint ventures (JVs) with KMC Construction (KMCCL), secured three new National Highway projects worth Rs 1,057.3 crore in total. The infrastructure company, in an attempt to expand its business, formed the JVs with KMCCL to bid for highway
Udayshivakumar Infra Secures Rs 1,057 Crore National Highway Projects Read More »
Adani Group is planning to raise between Rs 30,000 and Rs 40,000 crore from retail and high-net-worth individual (HNI) investors over the next 3-4 years through non-convertible debentures (NCDs). This move aims to diversify the group’s funding sources and reduce reliance on loans from a limited set of lenders, including banks. On Wednesday, Adani Enterprises
On September 5, around 200 employees of the Securities and Exchange Board of India (SEBI) staged a protest at the regulator’s headquarters in Mumbai. The protest was sparked by SEBI’s recent press release, which dismissed earlier employee complaints of an “unprofessional work culture” as being “misguided by external elements.” The employees are calling for the
SEBI Employees Protest at Mumbai HQ, Demand Chairperson Madhabi Puri Buch’s Resignation Read More »
Shares of Minda Corporation rose over 2 percent on September 4 after the company announced a technology licensing agreement with China’s Sanco Connecting Technology, a leader in Electric Vehicle (EV) connection systems. This agreement aims to enhance Minda Corporation’s product portfolio in the growing EV industry, specifically in Electrical Distribution Systems (EDS). The agreement enables
Minda Corp Stock Gains on Technology Licensing Agreement with China’s Sanco Read More »
Shares of Rama Steel Tubes surged 13 percent on September 4, following the announcement of a strategic collaboration with Onix Renewable. By 11:30 am, the stock was trading at Rs 11.79 on the BSE, up 11.6 percent from the previous session’s close. This price surge was accompanied by a significant trading volume, with over 10
Rama Steel Tubes Jumps 13% on Strategic Collaboration with Onix Renewable Read More »
Shares of General Insurance Corporation of India (GIC Re) are set to be in the spotlight on September 4 as the Indian government plans to divest nearly 7 percent of its stake in the company through an offer for sale (OFS). The government aims to sell a 3.39 percent equity stake, with an additional 3.39
GIC Re Shares in Focus as Government to Divest 6.8% Stake via OFS Read More »
JSW Cement Ltd’s Rs 4,000-crore initial public offering (IPO) has encountered a significant hurdle as the Securities and Exchange Board of India (SEBI) has paused the approval process. The delay stems from an ongoing investigation into an alleged regulatory violation involving Sajjan Jindal, the controlling figure behind JSW Cement, and his siblings. SEBI is scrutinizing
JSW Cement’s IPO Stalled by SEBI Due to Regulatory Probe Involving Jindal Family Read More »
