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Kolkata-based jewellery retail chain Senco Gold Limited said it raised Rs 459 crore through a Qualified Institutions Placement (QIP) by allotting 40.8 lakh equity shares.
The QIP committee of the company's board approved the issuance and allotment of equity shares of Rs 10 were issued at a price of Rs 1,125 per share, including a premium of Rs 1,115, Senco Gold said in a regulatory filing on Friday evening.
Post the QIP, the company's paid-up equity share capital has increased to Rs 81.80 crore, comprising 8.18 crore shares, from Rs 77.72 crore (7.77 crore shares), the company added.
Among the major allottees, four funds under Tata AIA Life Insurance Co. grabbed 14.49 per cent of the issue size. On a standalone basis, Tata Multicap Fund received the largest portion with 8.77 per cent of the issue size, followed by Tata AIA Life Insurance Co. Ltd's Emerging Opportunities Fund (6.40 per cent) and ICICI Prudential Life Insurance Co. Ltd (6.54 per cent).
Other significant investors ...

The QIP committee of the company's board approved the issuance and allotment of equity shares of Rs 10 were issued at a price of Rs 1,125 per share, including a premium of Rs 1,115

A Jeddah-bound IndiGo plane was diverted to the Karachi airport on Saturday due to a medical emergency on board and later flew back to Delhi.
Sources in the Civil Aviation Authority (CAA) in Pakistan said the aircraft was in the Pakistani airspace when a male passenger fell seriously ill, following which the plane made an emergency landing at the Jinnah International Airport in Karachi.
"There was a medical emergency on board IndiGo flight 6E 63, operating from Delhi to Jeddah," the airline said in a statement.
IndiGo said the captain diverted the flight to Karachi, where a doctor attended to the passenger upon arrival.
"After completing the necessary formalities, the flight departed Karachi and returned to its origin to provide further assistance to the medical passenger," the airline said, adding, after the passenger was deboarded in Delhi, the flight departed for Jeddah.
According to Geo News, the passenger was a 55-year-old Indian man.
Sources in the CAA said the flight's pil

Sources in the Civil Aviation Authority (CAA) in Pakistan said the aircraft was in the Pakistani airspace when a male passenger fell seriously ill, following which the plane made an emergency landing

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Biocon Group Chairperson Kiran Mazumdar-Shaw was conferred the prestigious Jamsetji Tata Award by the Indian Society for Quality (ISQ) on Saturday for pioneering the biosciences movement in India.
"This award holds a very special meaning to me as it is named after one of India's greatest visionaries - a man whose legacy of excellence, innovation, and nation-building continues to inspire us all. Jamsetji Tata's commitment to quality and his belief in the transformative power of industry to serve society resonate deeply with my own journey," said Mazumdar-Shaw.
The Jamsetji Tata Award, instituted in 2004 by ISQ recognises business leaders who have made significant contributions to Indian society.
The Award was announced at the ISQ Annual Conference 2024, held in Bengaluru.
Mazumdar-Shaw received the award from Janak Kumar Mehta, President of ISQ and Chairman and Managing Director, TQM International.
"This Lifetime achievement award is being presented to Kiran Mazumdar-Shaw for being

The Jamsetji Tata Award, instituted in 2004 by ISQ recognises business leaders who have made significant contributions to Indian society

The restitution was made under the second proviso to Section 8(8) of PMLA (restitution pending trial) read with Rule 3A of PMLA Restoration of Property Rules

Stakeholders from the micro, small and medium enterprises (MSME) sought a reduction in GST, technology upgrade, and production-linked incentive scheme benefits for various segments in a pre-Budget meeting with Finance Minister Nirmala Sitharaman on Saturday.
The meeting aimed to seek inputs and suggestions for the Budget for 2025-26, expected to be presented on February 1.
Members from the Association of Women Entrepreneurs of Karnataka (AWAKE); Karnataka SC and ST Entrepreneurs' Association; Plant-Based Food Industry Association (PBFIA); Ambala Scientific Instruments Manufacturers' Association (ASIMA); Rajasthan Footwear Manufacturers' Association were among the participants at the meeting.
The All-India Plastics Manufacturers' Association; All India Manufacturers' Association; Gujarat Chamber of Small Industries Association; Federation of Associations of Cottage and Small Industries (based in West Bengal); Federation of Andhra Pradesh Small and Medium Association; and Laghu Udyog 

The meeting aimed to seek inputs and suggestions for the Budget for 2025-26, expected to be presented on February 1

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