Sales rise 31.22% to Rs 249.89 crore
Posts in category Business Standard
Global stock sell-off on slowdown concern pushes Indian rupee to record low (02-08-2024)
Investor sentiment soured after weaker-than-expected US factory data prompted growth concerns while tensions about a widening conflict in the Middle East weighed
Oil prices slide more than $2 as investors digest weak US job data (02-08-2024)
U.S. job growth slowed more than expected in July as unemployment increased to 4.3 per cent, pointing to possible weakness in the labor market and greater vulnerability to recession
Six firms including Citigroup Global buy stake in Netweb Tech for Rs 458 cr (02-08-2024)
Six entities, including Citigroup Global Markets Mauritius, ICICI Prudential MF and Societe Generale, on Friday acquired stakes in Netweb Technologies India for Rs 458 crore through open market transactions.
As per the data available on NSE, Citigroup Global Markets Mauritius, Discovery Global Opportunity Mauritius, ICICI Prudential Mutual Fund, Invesco MF, Societe Generale and Union MF bought a total of 20,54,795 shares or 3.64 per cent stake in Netweb Technologies India.
Shares were picked up at an average price of Rs 2,232.10 apiece, taking the combined deal value to Rs 458.65 crore.
Meanwhile, four promoters — Navin Lodha, Sanjay Lodha, Niraj Lodha and
Vivek Lodha — offloaded the same amount of shares at the same price on the National Stock Exchange (NSE).
After the share sale by these promoters, the combined shareholding of promoters and promoter group entities in Netweb Technologies India will decline to 71.4 per cent from 75.04 per cent.
Shares of Netweb Technologies Ind
Proposed F&O curbs not a case of throwing baby out with bathwater: Narayan (02-08-2024)
Whole-time member Narayan says measures aimed at addressing hyperactive trading on expiry day
Ceigall India IPO gets fully subscribed on the second day of offer (02-08-2024)
The initial public offer of infrastructure company Ceigall India got fully subscribed on the second day of subscription on Friday.
The Rs 1,252.66-crore initial share sale received bids for 2,74,18,073 shares against 2,23,13,663 shares on offer, as per the NSE data.
The category for non-institutional investors received 1.75 times subscription, while the retail individual investors portion got subscribed 1.65 times subscription.
The quota for qualified institutional buyers subscribed a mere 1 per cent.
Ceigall India on Wednesday said it has mobilised Rs 375 crore from anchor investors.
The initial public offering (IPO) has a price band of Rs 380-401 per share. The public issue will conclude on August 5.
The Ludhiana-based company’s IPO is a combination of a fresh issue of Rs 684.25 crore and an Offer-For-Sale (OFS) of up to 1.42 crore equity shares worth Rs 568.41 crore, at the upper end of the price band, by the promoters, and an individual shareholder. This takes the total issue
Sebi to release paper on easing norms for investment advisor registration (02-08-2024)
Capital markets regulator Sebi will early next week come out with a consultation paper on making it easier to become a registered investment advisor, a senior official said on Friday.
The move has come amid Sebi efforts to contain the activities of unregulated ‘fin-influencers’. The Sebi board recently approved a series of measures on restricting the play of fin-influencers, which focus mainly on policing the segment through their tie ups with the entities regulated by Sebi.
Also, senior Sebi officials in the recent past have said that challenges to get registered as an investment advisor are among the reasons for growth in the problematic fin-influencers segment.
The capital markets regulator will come out with a consultation paper which will have proposals on relaxing the registration requirements for investment advisors and research analysts by Monday or Tuesday, its whole-time member Kamlesh Varshney said addressing Ficci’s Capam event here.
The registered investment advisors h
Sebi looks to boost capital raising, plans to streamline IPO filing (02-08-2024)
Rights issue-preferential combo, ‘demystified’ IPO filing on table
E2W maker Ola Electric IPO subscribed 35% so far on the opening day (02-08-2024)
A day earlier, Ola Electric allotted 364 million shares worth Rs 2,763 crore to anchor investors at Rs 76 apiece, the top end of the price band
Global markets selloff ends India’s five-day and eight-week winning run (02-08-2024)
Sensex, Nifty end over a per cent lower on fears of US recession