28 projects identified with a total capacity of 257 mt for awarding
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Saraswati Saree Depot IPO subscribed 16.33 times on second day of offer (13-08-2024)
The initial public offering of Saraswati Saree Depot, a key player in the sarees wholesale segment, got subscribed 16.33 times on day two of subscription on Tuesday.
The Rs 160-crore initial share sale received bids for 16,33,54,410 shares against 1,00,00,800 shares on offer, as per NSE data.
The portion for non-institutional investors fetched 57.16 times subscription while the category for Retail Individual Investors (RIIs) got subscribed 20.28 times. The quota for Qualified Institutional Buyers (QIBs) received 1.32 times subscription.
The Initial Public Offering (IPO) has a fresh issue of up to 64,99,800 equity shares and an offer for sale of up to 35,01,000 equity shares.
The price range for the offer is Rs 152-160 per share.
The initial share sale will conclude on August 14.
The company proposes to utilise the net proceeds from the fresh issue towards funding working capital requirements and general corporate purposes.
The Kolhapur-based company whose origin in the sarees bu
FirstCry, Unicommerce eSolutions mark strong trading debuts; stocks rise (13-08-2024)
FirstCry has also joined the club of startup unicorns that have successfully IPO’d over the last few years. Others include Zomato, Paytm, PolicyBazaar, and Ola
HDFC Bank drags market down; Sensex and Nifty end nearly 1% lower (13-08-2024)
Broad-based selling pressure as declining stocks exceed advancing by over two
3 entities settle insider trading charges with Sebi in PNB Housing case (13-08-2024)
Three individuals on Tuesday settled with capital markets regulator Sebi a case pertaining to alleged violation of insider trading rules in the scrip of PNB Housing Finance Ltd after paying Rs 1.56 crore collectively.
Those who settled the case are — Sidhant Chandalia, Naysar Parikh and Ronak Narendra Parikh, according to two separate orders passed by the Securities and Exchange Board of India (Sebi).
Individually, Chandalia and Naysar Parikh paid Rs 50.7 lakh each towards the settlement amount, and Ronak Narendra Parikh remitted Rs 45.5 lakh as a settlement charge and Rs 8.98 lakh towards disgorgement of wrongful gain along with interest.
“In view of the acceptance of the settlement terms and the receipt of settlement amount…, the instant adjudication proceedings initiated against the Noticee(s) vide SCN (Show Cause Notice) …is disposed of,” Sebi said.
The directives came after the three persons filed applications with Sebi proposing to settle the instant proceedings initiat
Adani-Hindenburg case: Plea before Supreme Court seeking conclusion report (13-08-2024)
Fresh public doubt necessitates Sebi to conclude its probe and declare findings: petitioner
Emcure Pharmaceuticals receives upgrade in credit ratings for bank facilities (13-08-2024)
Long term bank facilities (Rs 557.50 crore) – CARE AA-; Stable
Long term / short term bank facilities (Rs 1,286 crore) – CARE AA-; Stable/ CARE A1+
Short term bank facilities (Rs 114 crore) – CARE A1+
Vascon Engineers wins order of Rs 331.38 cr (13-08-2024)
For construction of medical college and hospital at Sindhudurg
Foreign liabilities of MF companies edge up by 36% during FY24 (13-08-2024)
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Radhika Jeweltech standalone net profit declines 5.35% in the June 2024 quarter (13-08-2024)
Sales decline 13.28% to Rs 93.74 crore