Ahead of the listing, the company's shares were trading at Rs 100, reflecting a premium of Rs 22 or 28.21 per cent over the issue price of Rs 78, revealed sources tracking grey market activities
According to Reuters, the deal value would be around $2.8 billion. The offer price is 11 per cent higher than ReNew's closing stock price of $6.34 on December 10 on Nasdaq
At 6:35 AM, GIFT Nifty futures were trading 50 points higher at 24,753 levels, hinting at an upbeat start
In the previous trading session, the benchmark indices ended their five-day winning streak in response to the RBI Monetary Policy Committee's decision to maintain the repo rate at 6.5 per cent
With limited domestic triggers, investors are expected to focus on stock-specific actions and developments in the primary markets
Ervin Tu and Ashutosh Sharma of Prosus talk about their strategies for India and beyond
Thursday's session proved challenging for domestic markets, with benchmarks plunging sharply on the monthly F&O expiry. Sensex crashed 1,190 pts to 79,043.74, while Nifty slid 360.75 pts to 23,914.15
Property Share Investment Trust (PSIT) is India's first registered small and medium real estate investment trust (SM Reit)
Markets regulator Sebi on Thursday abolished the requirement of a mandatory security deposit with the exchanges before a public issue in a bid to facilitate ease of doing business for issuer companies. The move will be applicable with immediate effect, the Securities and Exchange Board of India (Sebi) said in a circular. Before this, any company that is looking to launch a public issue of equity shares has to deposit with the stock exchanges an amount equal to 1 per cent of the issue size. The deposit was returned to the company after the public issue. "In order to facilitate ease of doing business to issuer company, the requirement to deposit 1 per cent of the issue size available for subscription to the public with the designated stock exchange by the issuer company under... Sebi (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR Regulations) has been dispensed with," Sebi said. In February, the Securities and Exchange Board of India (Sebi) floated a consultat
Investors will closely watch the implementation of new F&O rules, the NTPC Green Energy IPO, coupled with the Maharashtra Assembly election developments and Nifty50 expiry
Suggests higher entry amount, stringent norms for corporate governance
In the previous session, both Sensex and Nifty extended their losing streak, each closing over 1 per cent lower. The BSE Sensex ended at 77,690.95, while the Nifty settled at 23,559.05
ACME Solar shares opened lower on bourses at Rs 259 on BSE lower than Street's expectations
Both Sensex and Nifty closed over 1 per cent lower on Tuesday, November 12, with the Sensex ending at 78,675.18 and the Nifty closing at 23,883.45 levels
In the previous session on Monday, November 11, the BSE Sensex and NSE Nifty50 ended the trading session on a flat note following a choppy day
At 6:35 AM, GIFT Nifty Futures were down 82 points at 24,136, signalling a potential negative start
Markets regulator Sebi has proposed raising the threshold for identifying High Value Debt Listed Entities (HVDLEs) to Rs 1,000 crore from Rs 500 crore at present to reduce compliance burdens. Currently, an entity having outstanding value of listed non-convertible debt securities of Rs 500 crore and above are referred to as 'High Value Debt Listed Entities'. In its consultation paper, Sebi has proposed introducing a sunset clause that would end governance obligations if an HVDLE's outstanding debt falls below the threshold for a specified period, providing more flexibility. It has suggested a dedicated chapter within LODR (Listing Obligations and Disclosure Requirements) Regulations focused solely on corporate governance norms for HVDLEs distinguishing them from equity-listed entities. Also, it has been proposed filing of governance reports in XBRL format, voluntary Business Responsibility and Sustainability Reporting (BRSR), and harmonise HVDLE reporting with equity-listed ...
NTPC Green Energy, SGEL, NLC India Green Energy may see IPOs by FY25-end
On October 22, foreign institutional investors continued their selling spree, offloading shares worth Rs 3,978.61 crore, while domestic institutional investors bought shares totaling Rs 5,869.06 crore
At 6:30 AM, GIFT Nifty Futures were trading about 14 points higher at 25,069, suggesting a flat to positive start for Indian markets.