Posts in category Business Standard
Gautam Chhaochharia appointed as UBS’s head of global markets in India (21-02-2024)
Chhaochharia began his stint at UBS as an analyst covering midcaps and became the head of research in 2013
Juniper Hotels IPO receives 11% subscription on first day of offer (21-02-2024)
The initial share sale of Juniper Hotels, which runs hotels under the 'Hyatt' brand, received an 11 per cent subscription on the first day of offer on Wednesday.
The category for Retail Individual Investors (RIIs) got subscribed 52 per cent while the quota for non-institutional investors received 6 per cent subscription, as per NSE data.
On Tuesday, Juniper Hotels said it has garnered Rs 810 crore from anchor investors.
The Initial Public Offering (IPO) is entirely a fresh issue of equity shares worth Rs 1,800 crore and the price band is Rs 342-360 apiece.
Funds to the tune of Rs 1,500 crore will be utilised for repayment of debt availed by the company and subsidiaries -- Chartered Hotels Pvt Ltd and Chartered Hampi Hotels Pvt Ltd.
Besides, a portion of the proceeds will be used for general corporate purposes.
The hospitality firm had a portfolio of seven hotels and serviced apartments and operated 1,836 keys across the luxury, upper upscale, and upscale category of hotels across
Spike in new MF investors as bull run continues, scheme launches pick up (21-02-2024)
MFs add 1 million new investors in January, highest in nearly two years
NBCC receives in-principal approval of Greater Noida Authority (21-02-2024)
For development of unused and purchasable FAR
LTIMindtree signs MoU with Eurolife FFH (21-02-2024)
To establish Gen AI and Digital Hubs in Europe and India
Brigade Group signs joint development agreement with PVP Ventures (21-02-2024)
For a residential and resort project in Chennai
J K Cements completes acquisition of Toshali Cements (21-02-2024)
Additionally, the transfer of mining lease is subject to necessary statutory and regulatory approvals, which is likely to be completed within 18 months hereof.
Market snaps 6-day streak, Nifty holds 22,000; VIX below 16 mark (21-02-2024)
The domestic equity indices corrected on Wednesday, snapping a six-day rising streak. The Nifty 50 index revered after hitting the days high of 22,249.40 in the morning trade, but managed to settled above the psychological 22,000 mark. Selling in IT and oil & gas stocks dragged the benchmark indices lower. However, realty, PSU banks and metal shares closed on a firm note.
Juniper Hotels IPO subscribed 11% (21-02-2024)
The offer received bids for 32.43 lakh shares as against 2.89 crore shares on offer.
INR Settles Flat Amid Dollar Strength Ahead Of FOMC Minutes (21-02-2024)
The Indian rupee ended the day almost flat with 1 paisa gain to close at 82.96 (provisional) against the US dollar on Wednesday. Strength of the American currency in the overseas market and sustained foreign fund outflows weighed on the local unit. Investors are awaiting clarity from the minutes that comes following last week's hotter-than-expectation US inflation data. Meanwhile, gains from easing crude oil prices were negated by a weak trend in domestic equities. The benchmark S&P BSE Sensex fell 434.30 points, or 0.59 percent, to 72,623.09 while the broader NSE Nifty index settled 141.90 points, or 0.64 percent, lower at 22,055.05. At the interbank foreign exchange, the local unit opened at 82.90 against the greenback. It hit an intra-day high of 82.86 and a low of 82.97.