Posts in category Business Standard
India’s currency, debt & equity mkts closed on account of Mahashivratri (08-03-2024)
The benchmark 10-year bond was quoted at 101.01 rupees, with the yield down 2 bps at 7.0312 per cent, as US yields declined
Gold price climbs Rs 10 to Rs 65,570, silver rises Rs 100 to Rs 75,100 (08-03-2024)
The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata and Hyderabad, at Rs 65,570
Apex Capital Market reports standalone net profit of Rs 0.88 crore in the December 2023 quarter (08-03-2024)
Reported sales nil
Prudential Management and Services sells 0.7% stake in M&M for Rs 1,778 cr (07-03-2024)
Prudential Management and Services, one of the promoters of Mahindra & Mahindra, on Thursday pared 0.75 per cent stake in the company for Rs 1,778 crore through an open market transaction.
According to the bulk deal data available with the National Stock Exchange (NSE), Prudential Management and Services offloaded 93,00,000 shares, amounting to a 0.75 per cent stake in Mahindra & Mahindra.
The shares were disposed of at an average price of Rs 1,912.04 apiece, taking the deal size to Rs 1,778.19 crore.
Details of the buyers could not be ascertained.
Shares of Mahindra & Mahindra tumbled 3.99 per cent to close at Rs 1,892 apiece on the NSE.
In a late evening disclosure on Wednesday to the exchanges amid reports on the proposed block deal by the promoter group entity PMSL, Mahindra & Mahindra clarified that "post transmission of shares of PMSL held by the former Chairman of M&M, Late Keshub Mahindra (who passed away on 12th April, 2023), to his family members, the ...
IndiGo co-founder Gangwal to sell airline’s shares worth $450 mn: Report (07-03-2024)
The floor price for the block deal has been set at 2,925 rupees per share, the report said, which is a 5.8% discount to Interglobe's closing price on Thursday
Investors subscribe Gopal Snacks IPO 1.39 times on Day 2 of bidding (07-03-2024)
The initial public offer of Gopal Snacks received 1.39 times subscription on Thursday, the day two of bidding.
The initial share sale received bids for 1,66,83,337 shares against 1,19,79,993 shares on offer, as per NSE data.
The quota for retail individual investors (RIIs) was subscribed 2 times, while the non-institutional investors part received 1.62 times subscription and the qualified institutional buyers (QIBs) portion subscribed 9 per cent.
The initial public offer (IPO) has an offer for sale of up to Rs 650 crore. The IPO is entirely an OFS of equity shares by promoters and other selling shareholders.
Price Range for the offer is fixed at Rs 381-401 a share.
Gopal Snacks Ltd on Tuesday said it has garnered Rs 194 crore from anchor investors.
The Rajkot-based company's IPO will conclude on March 11.
Founded in 1999, Gopal Snacks is a fast-moving consumer goods company in India, offering Namkeen, western snacks, and other products across India and internationally.
As of Se
Investors subscribe JG Chemicals IPO 27.78 times on last day of offer (07-03-2024)
The initial public offer (IPO) of JG Chemicals was subscribed 27.78 times on the final day of bidding on Thursday.
The Rs 251.2 crore IPO received bids for 22,69,11,245 shares against 81,68,714 shares on offer, according to data available with the NSE.
The portion for non-institutional investors received 46.32 times subscriptions while the quota for Qualified Institutional Buyers (QIBs) subscribed 32.09 times, and the category for retail individual investors (RIIs) attracted 17.43 times subscriptions.
The zinc oxide manufacturer's initial public offer proposed a fresh issue of up to Rs 165 crore shares and an offer for sale of up to 39 lakh equity.
The IPO was in a price range of Rs 210-221 a share.
JG Chemicals on Monday said it has collected over Rs 75 crore from anchor investors.
Proceeds from the fresh issue to the tune of Rs 91 crore will be utilised for investing in JG Chemicals' material subsidiary BDJ Oxides, and Rs 35 crore will be used for funding the long-term working
DSP Mutual Fund launches US bond fund with flexibility on duration (07-03-2024)
Scheme to actively manage duration through seven US bond ETFs
Gujarat Gas and BPCL ink MoU (07-03-2024)
For collaboration on liquid fuels, automotive lubricants and CNG infrastructure