Posts in category All News
Vodafone sells 18% stake in Indus Towers (19-06-2024)
British telecom player Vodafone on Wednesday said it has sold an 18 per cent stake in Indus Towers for 1.7 billion euro (about Rs 15,300 crore). Meanwhile, Bharti Airtel has increased its stake by acquiring 2.69 crore shares, representing a 1 per cent stake, in Indus Towers. The shares were acquired by Airtel at an average price of Rs 320 apiece, taking the transaction value to Rs 862.38 crore, as per the bulk deal data.
Sebi penalises RInfra, others for non-submission of no default statement (19-06-2024)
Capital markets regulator Sebi on Wednesday imposed penalties on seven entities including Reliance Infrastructure, Reliance Power and Incredible Realcon for non-submission of no default Statement (NDS) to credit rating agencies.
The regulator levied a fine of Rs 1 crore each on Reliance Infrastructure, Reliance Power and Incredible Realcon, Rs 20 lakh on Paranjape Schemes (Construction) Ltd, Rs 14 lakh on PVP Ventures, Rs 5 lakh on Hindustan Cleanenergy and Rs 1 lakh on Ginni Filaments.
These firms have been directed to pay the fine within 45 days, the Securities and Exchange Board of India (Sebi) said in its 90-page order.
The matter pertains to the requirement of listed entities who have issued debt securities or other entities who have chosen to list their debt securities, to file No Default Statement (NDS) to the Credit Rating Agencies (CRAs).
Sebi's rule mandates the companies or issuers to submit the NDS information to CRAs on a monthly basis.
"The non-filing of NDS may have
DEE Development Engineers IPO subscribed 2.51 times on Day 1 of offer (19-06-2024)
The initial public offer of piping solutions provider DEE Development Engineers got fully subscribed on the first day of bidding on Wednesday and ended with 2.51 times subscription.
The Rs 418 crore initial share sale received bids for 3,74,51,044 shares against 1,49,44,944 shares on offer, as per NSE data.
The portion for non-institutional investors received 5.29 times subscription while the category for Retail Individual Investors (RIIs) got subscribed 2.67 times. The category for Qualified Institutional Buyers (QIBs) received 2 per cent subscription.
The Initial Public Offer (IPO) has a fresh issue of up to Rs 325 crore and an offer for sale of up to 45,82,000 equity shares.
The price range for the offer is fixed at Rs 193-203 per share.
Dee Development Engineers Ltd on Tuesday said it has mobilised a little over Rs 125 crore from anchor investors.
Of the Rs 325 crore fresh issue proceeds, Rs 175 crore will be used for payment of debt, Rs 75 crore for funding working capital .
India’s biggest bond holders sell into JPMorgan-induced demand: Report (19-06-2024)
Most foreign portfolio investors use foreign banks based in India as custodians for their investment operations
CoinEx’s June Brand Day is coming, with 50 per cent off on TON (19-06-2024)
New Delhi [India], June 20: In the first quarter of 2024, the Memecoin frenzy peaked, becoming a major highlight in the TON DeFi field. As an important part of the TON ecosystem, Memecoin is innovative in technology and supported by an active community that has strongly contributed to its development. The significant price increases of TON and Notcoin have recently driven the Memecoin in the TON ecosystem to new heights, attracting considerable market attention and sparking numerous discussions and expectations. The TON ecosystem has thus gained unprecedented popularity, demonstrating market recognition of Memecoin and further validating the immense potential of the TON ecosystem's future development.
Adani Group to invest $100 bn in energy transition (19-06-2024)
Adani group will invest more than $100 billion (around Rs 8,340 crore) in energy transition projects and manufacturing capability to produce every major component required for green energy generation, its chairman said on Wednesday. Besides building solar parks to produce electricity from sunlight and wind farms that do the same from wind, the conglomerate is building major facilities to manufacture electrolyzers for making green hydrogen, wind power turbines and solar panels.
Will never go with those who tried to finish off my party: Uddhav Thackeray (19-06-2024)
Uddhav Thackeray files disqualification petitions against rival Eknath Shinde's legislators after split, demands halt to Maharashtra Legislative Council elections.
Congress constitutes committees to examine poor performance in Lok Sabha polls in Delhi, seven states (19-06-2024)
Congress formed fact-finding committees in 7 states and Delhi to analyze poor performance in Lok Sabha polls under the leadership of Mallikarjun Kharge.
NDA govt will collapse, we will set up INDIA bloc-led govt, says Uddhav Thackeray on Shiv Sena’s foundation day (19-06-2024)
Shiv Sena leader Uddhav Thackeray dismissed rumors of his faction aligning with the BJP to support the NDA government, emphasizing they would never join forces with a party that tried to undermine them. Addressing party workers in Matunga on Shiv Sena's inauguration day, Thackeray asserted their commitment to seeing the current government fall and expressed a preference for fresh elections or INDIA bloc governance
Marquee funds trim NSE holdings due to lack of IPO visibility, limited fund life cycle, leading to share sales (19-06-2024)
The bourse’s shares have seen a 75 per cent spurt in the past year in the unlisted market