Indian Market

KEC International Shares Surge 5% After Securing Orders Worth ₹1,079 Crore

KEC International Shares Surge 5% After Securing Orders Worth ₹1,079 Crore

/ Indian Market /

KEC International’s share price climbed 5% in early trading on August 26, 2024, following the company’s announcement of winning new orders worth ₹1,079 crore in its Transmission & Distribution (T&D) and cables businesses. By 09:17 AM, the company’s stock was trading at ₹885.70 on the Bombay Stock Exchange (BSE), reflecting a gain of ₹45.70 or […]

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AU Small Finance Bank Shares Worth ₹804 Crore Traded in Block Deal

AU Small Finance Bank Shares Worth ₹804 Crore Traded in Block Deal

/ Indian Market /

On August 26, 2024, shares in AU Small Finance Bank changed hands to the tune of ₹804 crore on the exchanges. There were approximately 1.30 crore shares, comprising some 1.7% of the bank’s stake, which were transacted at the floor price of ₹630 per share. Strong investor interest was witnessed for this deal, as AU

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Baazar Style Retail Sets IPO Price Band at ₹370-₹389 per Share

Baazar Style Retail Sets IPO Price Band at ₹370-₹389 per Share

/ Indian Market /

Kolkata-based Baazar Style Retail Ltd has established a price band of ₹370-₹389 per share for its upcoming Initial Public Offering (IPO), which is set to open on August 30, 2024. The anchor bidding for the IPO will begin on August 29, with the public issue closing on September 3. The ₹148 crore IPO consists of

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Rekha Jhunjhunwala-backed Style Baazar Retail Files RHP; IPO Set to Launch on August 30

Rekha Jhunjhunwala-backed Style Baazar Retail Files RHP; IPO Set to Launch on August 30

/ Indian Market /

Baazar Style Retail, supported by prominent investor Rekha Rakesh Jhunjhunwala, has officially filed its Red Herring Prospectus (RHP) with SEBI, signaling the upcoming launch of its Initial Public Offering (IPO). The company is expected to announce the IPO price band on August 27, 2024. The IPO consists of a fresh issuance of equity shares worth

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RBI Announces Dates for Premature Redemption of 30 Sovereign Gold Bonds Starting October 11

RBI Announces Dates for Premature Redemption of 30 Sovereign Gold Bonds Starting October 11

/ Indian Market /

The Reserve Bank of India (RBI) has released the schedule for the premature redemption of 30 Sovereign Gold Bonds (SGBs) that were issued between May 2017 and May 2020. The redemption process will start on October 11, 2024, with subsequent dates scheduled up to February 7, 2025. The redemption price will be determined based on

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Carraro India, Owned by Italy's Carraro Group, Files for Rs 1,812 Crore IPO

Carraro India, Owned by Italy’s Carraro Group, Files for Rs 1,812 Crore IPO

/ Indian Market /

Carraro India, a leading manufacturer of axles and transmission systems for agricultural tractors and construction vehicles, has filed draft papers with SEBI to raise Rs 1,811.65 crore through an Initial Public Offering (IPO). The filing was made on August 23. The IPO would be an offer-for-sale fully by Carraro International S E, the Italian promoter

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Hero Motors Files Draft Papers for Rs 900 Crore IPO Backed by South Asia Growth Invest

Hero Motors Files Draft Papers for Rs 900 Crore IPO Backed by South Asia Growth Invest

/ Indian Market /

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

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Bharat Electronics and Trent to Join Nifty 50; Divis Labs and LTIMindtree Exit

Bharat Electronics and Trent to Join Nifty 50; Divis Labs and LTIMindtree Exit

/ Indian Market /

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.

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Bikaji Foods Enters Frozen Food Market with 55% Stake Acquisition in Ariba Foods

Bikaji Foods Enters Frozen Food Market with 55% Stake Acquisition in Ariba Foods

/ Indian Market /

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

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Anil Ambani and 24 Entities Barred from Securities Market for 5 Years by SEBI

Anil Ambani and 24 Entities Barred from Securities Market for 5 Years by SEBI

/ Indian Market /

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

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