Barclays Capital is set to assist the Hinduja Group in raising around Rs 4,300 crore (approximately $515 million) through high-yield rupee bonds, according to a report by Mint. This funding marks the second phase of Hinduja’s efforts to finance its acquisition of the bankrupt Reliance Capital. The deal, however, hinges on regulatory approvals from the […]
SpiceJet announced on Saturday that its board has approved the issuance and allotment of 48.7 crore equity shares to qualified institutional buyers at an issue price of Rs 61.60 per share. This price includes a premium of Rs 51.60 per share, with a slight discount of Rs 3.19 per share to the floor price, amounting
SpiceJet Approves QIP Allotment of 48.7 Crore Shares at Rs 61.60 Each Read More »
On September 20, Vanguard Group made significant investments in the Indian stock market, purchasing shares worth approximately Rs 1000 crore across seven listed companies through bulk deals. Simultaneously, UBS Principal Capital Asia Limited reduced its holdings in various companies on the same day. Key Transactions: Vanguard Group Inc A/C Vanguard Total International Stock Index Fund:
Vanguard Group Acquires Shares Worth Rs 1000 Crore in 7 Indian Companies Read More »
India is set to benefit from significant equity inflows of $1 billion due to the semiannual rebalancing of the FTSE All World and FTSE All Cap indices, which is scheduled for September 20. This adjustment, according to IIFL Alternative Research, will involve the inclusion of 13 new Indian stocks in the FTSE All-World Index. Prominent
Shares of ITD Cementation India jumped over 14 percent on September 20, following reports that the Adani Group is set to acquire a 46.64 percent stake held by the company’s promoter. The stock soared to Rs 539 on the NSE shortly after opening, while Adani Enterprises stock rose 0.35 percent to Rs 2,953.5. According to
ITD Cementation Surges 14% on Reports of Adani Group’s Promoter Stake Acquisition Read More »
Shares of IndoStar Capital Finance surged over 13 percent in early trade on September 20, following the sale of its subsidiary IndoStar Home Finance for Rs 1,750 crore. The buyer, Witkopeend BV, is an Amsterdam-based affiliate of the global private equity firm BPEA EQT Mid-Market Growth Partnership. At 9:37 am, IndoStar’s stock, part of Madhusudan
IndoStar Capital Finance Soars 13% After Selling Home Finance Unit for Rs 1,750 Crore Read More »
HDFC Bank, India’s largest private lender, is set to complete the sale of loans worth over Rs 9,000 crore ($1.08 billion) by the end of September, according to sources familiar with the matter. This marks the bank’s largest loan sale to date. The loan sale involves the issuance of pass-through certificates (PTCs) backed by a
HDFC Bank Set to Finalize Rs 9,000-Crore Loan Sale by End of September: Report Read More »
Shares of AAVAS Financiers jumped over 3% to Rs 1,871 per share on September 19 after the company’s board approved the issuance of non-convertible debentures (NCDs) to raise Rs 630 crore. NCDs are a debt instrument used by companies to raise funds from the public or institutional investors. This year, AAVAS Financiers’ stock has risen
AAVAS Financiers Surges 3% as Board Approves NCD Issue to Raise Rs 630 Crore Read More »
Shares of Excellent Wires and Packaging had a weak stock market debut on September 19, listing at Rs 85 per share on the NSE SME platform, a 5.56% discount to the issue price of Rs 90. The listing was in line with grey market predictions, where the shares were trading without a premium. The company’s
Excellent Wires and Packaging Debuts at 5% Discount to IPO Price on NSE SME Read More »
Gift Nifty futures on NSEIX saw a sharp rise after the US Federal Reserve announced a 50 basis point rate cut on September 18, but quickly gave up gains, ending near flat. Gift Nifty surged 135 points to hit 25,474 but retraced to 25,355 by the end of the second session. On September 19, it
Gift Nifty Flat After Initial Surge from Fed Rate Cut; Tracks Volatility in US Markets Read More »
