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 »
Raymond Ltd., an Indian conglomerate nearly a century old, is planning to list its apparel and real estate units by the end of 2025 as part of a strategic effort to enhance shareholder value. The group, which operates across diverse sectors including engineering, aerospace, fashion, and real estate, will have three listed entities by next
Raymond Group Plans to List Apparel and Real Estate Units by End of 2025 Read More »
Bajaj Housing Finance Ltd has announced a price band of Rs 66-70 per share for its upcoming initial public offering (IPO), scheduled to open on September 9. The IPO will include a fresh issue of up to Rs 3,560 crore and an offer for sale of up to Rs 3,000 crore by its parent company,
Bajaj Housing Finance Sets IPO Price Band at Rs 66-70 per Share Read More »
Brigade Enterprises is expected to see positive movement in its stock on September 3 following the launch of a Qualified Institutional Placement (QIP) to raise Rs 1,500 crore. The Bengaluru-based real estate developer has set the floor price for the QIP at Rs 1,164.70 per share, reflecting a 5.7 percent discount from its previous closing
Brigade Enterprises Launches Rs 1,500 Crore QIP, Stock Poised for Gains Read More »
Madhya Pradesh-based Shree Tirupati Balajee Agro Trading Company has filed its red herring prospectus (RHP) with SEBI, aiming to raise Rs 169.65 crore through an initial public offering (IPO). The IPO will open for subscription on September 5 and close on September 9, with the anchor book set to open on September 4. The offer
Shree Tirupati Balajee Agro Trading Company to Launch Rs 170 Crore IPO on September 5 Read More »
A proposal to exempt health insurance policies from the current 18 percent Goods and Services Tax (GST) could result in an annual revenue loss of Rs 3,500 crore, according to a senior official involved in the discussions. This proposal is under consideration by the Fitment Committee ahead of the GST Council’s meeting on September 9.
Dr Reddy’s Laboratories saw its shares dip after the National Medical Products Administration of China (NMPA) suspended the import, sale, and use of the company’s Atomoxetine Hydrochloride capsules. By 10:30 AM, the pharma giant’s stock had fallen 1.4 percent to Rs 6,937 on the NSE. The suspension follows a remote inspection conducted by NMPA at
Gujarat Gas is making headlines after its board approved a scheme of arrangement and amalgamation involving Gujarat State Petroleum Corporation (GSPC), GSPC Energy, and Gujarat State Petronet (GSPL) merging into Gujarat Gas. This strategic move has prompted brokerages to revise their target prices upward for the city gas distribution company. As part of the restructuring,
Gujarat Gas Surges After Board Approves GSPC and GSPL Merger Read More »
HDFC Bank witnessed a major block deal on August 30, where 4.69 crore shares were traded in multiple transactions totaling Rs 6,997 crore. The block deal coincided with the due date for MSCI indices’ August rebalancing, following the global indices provider’s decision to increase HDFC Bank’s Foreign Inclusion Factor (FIF) from 0.37 to 0.56 earlier
HDFC Bank Block Deal: 4.69 Crore Shares Sold for Rs 6,997 Crore Amid MSCI Rebalancing Read More »
