Punjab National Bank's board had in December approved a Rs 7,500 crore ($898 million) fund raise through equity capital
RK Swamy IPO: The Company's share sale opens today and closes on March 06. Investors can subscribe to the issue in the price band of Rs 270-288 per share.
Markets watchdog Sebi on Friday said that institutional investors have to disclose upfront at the time of placing an order whether a proposed transaction is a short sale or not, a significant move aimed at curbing market volatility. The Securities and Exchange Board of India (Sebi) has made certain changes with respect to norms pertaining to short selling in the market. Short selling refers to selling a stock which the seller does not own at the time of trade. Both retail and institutional investors are permitted to short sell stocks. Amending a circular relating to short selling issued last year, Sebi said, "the institutional investors shall disclose upfront at the time of placement of order whether the transaction is a short sale". However, retail investors would be permitted to make a similar disclosure by the end of the trading hours on the transaction day. "The brokers shall be mandated to collect the details on scrip-wise short sell positions, collate the data and upload it
Marc Benioff, Zuckerberg's peer in the tech world, also sold shares nearly every day in the second half of 2023
Initial public offerings and follow on share sales in India this year exceeded Hong Kong for the first time in at least 30 years, according to data compiled by Bloomberg
Here's what brokerages recommend investors should do, with this Rs 1,200 crore IPO which closes for subscription on Friday, December 15.
The share sale received bids for about 133.6 million shares from institutional investors against a total of 140 million on offer
Sales of additional shares in listed companies in the country have surpassed $10 billion this year, more than the tally for all of 2022, according to data compiled by Bloomberg
Financial services company Societe Generale on Monday bought shares of private lender Bandhan Bank for Rs 382 crore through open market transactions. According to the bulk deal data available with the BSE and National Stock Exchange (NSE), Societe Generale purchased 85.51 lakh shares on the BSE and 89.23 lakh shares on the NSE. The shares were acquired at an average price of Rs 218.60 apiece on both bourses, taking the combined transaction size to Rs 382 crore. Details of the sellers could not be ascertained. Shares of Bandhan Bank rose 3.22 per cent to close at Rs 224.10 on the NSE and gained 2.88 per cent to settle at Rs 223.30 on BSE. In a separate transaction, Plutus Wealth Management acquired 22.10 lakh shares of Eris Lifesciences for Rs 173 crore through open-market transactions. Plutus Wealth Management bought a total of 22.10 lakh shares in two tranches, as per the data available with the NSE. The shares were purchased in the range of Rs 783-783.03 per piece, taking the
IOC, the country's top refiner, has not specified which projects the newly raised funds would target
The proceeds will be used by the promoters to pre-pay debt, banking sources said
The issue price for the placement is between Rs 170 and Rs 176, a 6.2% to 2.9% discount to Monday's closing level of Rs 181.25
The Initial Public Offering (IPO) of LED lighting solution provider IKIO Lighting was subscribed 6.83 times on the day two of the share sale on Wednesday. The Rs 606.5-crore IPO received bids for 10,40,31,096 shares against 1,52,24,074 shares on offer, according to NSE data. The portion for non-institutional investors received 15.99 times subscription, the category for Retail Individual Investors (RIIs) was subscribed 5.92 times and Qualified Institutional Buyers (QIBs) part got 1.37 times subscription. The IPO has a fresh issue of up to Rs 350 crore and offer of sale of up to 90 lakh equity shares and comes in a price range of Rs 270-285 a share. On Monday, IKIO Lighting Ltd said it has mobilised Rs 182 crore from anchor investors. Proceeds from the fresh issuance worth Rs 50 crore will be used for debt payment, Rs 212.31 crore in the company's wholly-owned subsidiary IKIO Solutions to set up a new facility at Noida, Uttar Pradesh, and for general corporate purposes. IKIO Lighti
Plutus Wealth Management on Monday acquired shares of MTAR Technologies for Rs 247 crore through an open market transaction. MTAR Technologies is a precision engineering solutions company. According to the bulk deal data available with the BSE, Plutus bought 13,15,000 shares of MTAR Technologies. The shares were purchased at an average price of Rs 1,880.02 apiece, taking the transaction value to Rs 247.22 crore. Meanwhile, promoters of MTAR Technologies -- Usha Reddy Chigarapalli, Anitha Reddy Dwaram and Kavitha Reddy Gangapatnam -- offloaded 11.20 lakh shares, amounting to 3.6 per cent stake in the firm. The shares were sold in the range of Rs 1,880-1,880.15 per piece, as per the bulk deal data. On Monday, shares of MTAR Technologies gained 0.19 per cent to close at Rs 1,896.90 each on the BSE.
Billionaire Gautam Adani's conglomerate is looking to raise about USD 3 billion through an equity share sale to institutional investors in the boldest comeback strategy after the ports-to-energy group was hit by a damning report of a US short seller. While boards of Adani Enterprises Ltd - the group's flagship firm - and electricity transmission company Adani Transmission Ltd have already approved raising up to Rs 21,000 crore (over USD 2.5 billion) through share sales to qualified institutional investors, the board of Adani Green Energy Ltd is likely to do so for raising up to USD 1 billion in the next couple of weeks, sources aware of the matter said. Post-board approvals, Adani Enterprises Ltd and Adani Transmission Ltd have sought shareholder approval. Adani Green Energy Ltd's board may meet in the first or second week of June for approving the fundraising, they said. The entire fundraising of USD 3.5 billion, which would go to fund the capital expenditure needs of the group, i
A promoter of Gravita India on Monday divested a 4.6 per cent stake through an open market transaction for Rs 181 crore. Rajat Agrawal (promoter) of Gravita India offloaded the shares. According to the block deal data available with the National Stock Exchange (NSE), Rajat Agrawal sold 32 lakh shares, amounting to a 4.6 per cent stake in Gravita India. The shares were disposed of at an average price of Rs 565 apiece, taking the transaction value to Rs 180.80 crore. The shares were picked up by affiliates of financial company Nomura Holdings. On Monday, shares of Gravita India rose 1.45 per cent to close at Rs 578.90 per piece on the NSE. During the day, the scrip hit a 52-week high of Rs 601 apiece.
Billionaire Gautam Adani's group will raise Rs 21,000 crore (over USD 2.5 billion) through share sale in two group companies in the boldest comeback strategy after the ports-to-energy conglomerate was rocked by allegations of fraud levelled by a US short-seller. Adani Enterprises Ltd, the group's flagship firm, plans to raise Rs 12,500 crore while electricity transmission company Adani Transmission another Rs 8,500 crore, the companies said in stock exchange filings. The board of renewable energy arm, Adani Green Energy Ltd too was scheduled to meet on Saturday for a fundraise but the meeting was postponed to May 24. The fundraise will be through issue of shares to qualified institutional buyers. Sources aware of the matter said investors in Europe and the Middle East have evinced strong interest. In a stock exchange filing, Adani Enterprises said its board on Saturday approved "raising of funds by way of issuance of...equity shares having face value of Rs 1 each of the company an
Promoters, strategic investors mop up over Rs 33,000 cr via share sales; Adani sale in four group firms to GQG Partners alone tops Rs 15,000 cr
Santa Clara-based SVB Financial Group announced that it sold $21 billion of securities from its portfolio. SVB Financial Group also said it was holding a $2.25 billion share sale to shore up finances
Watchdog looks to clear air for allowing investment bankers to buy unsubscribed portion of a share sale