Sales rise 6.74% to Rs 3479.47 crore
Posts in category Business Standard
Ola Electric to face investor pushback on valuation for upcoming IPO (21-06-2024)
The company’s founder has been aiming for a potential valuation of as much as $7 billion in a Mumbai listing, the people said, asking not to be identified as the information isn’t public
Related-party transactions: Rs 2.68 trn awaits shareholder nod next week (21-06-2024)
Tata Motors, similarly, will put proposed RPTs worth upwards of Rs 89,000 crore to a shareholder vote the same day
SoftBank signs indemnity clause over Unicommerce ‘promoter’ tag (21-06-2024)
Founders Kunal Bahl, Rohit Bansal enter into agreement to limit liabilities of Softbank
Investors subscribe IPO of Stanley Lifestyles 1.43 times offer size (21-06-2024)
The initial public offer of luxury furniture brand Stanley Lifestyles got subscribed 1.43 times on the first day of subscription on Friday.
The initial share sale received bids for 1,46,69,560 shares against 1,02,41,507 shares on offer, as per NSE data.
The category for non-institutional investors fetched 2.01 times subscription while the quota for Retail Individual Investors (RIIs) got subscribed 1.80 times. The part meant for Qualified Institutional Buyers (QIBs) received 30 per cent subscription.
The Initial Public Offer (IPO) has a fresh issue of up to Rs 200 crore and an offer for sale of up to 91,33,454 equity shares.
Price range for the offer is fixed at Rs 351-369 per share.
Stanley Lifestyles on Thursday said it has raised a little over Rs 161 crore from anchor investors.
The Rs 537 crore IPO will conclude on June 25.
The net proceeds from the fresh issue to the tune of Rs 90.13 crore will be used by the company towards expenditure for opening new stores, Rs 39.99 crore
Morgan Stanley buys 17 mn shares of Axis Bank for Rs 2,083 cr via bulk deal (21-06-2024)
US-based investment banking company Morgan Stanley on Friday bought 1.7 crore shares of private sector lender Axis Bank for Rs 2,083 crore through an open market transaction.
According to the bulk deal data available with the National Stock Exchange (NSE), Morgan Stanley & Company International Plc acquired 1,70,00,000 shares, amounting to a 0.5 per cent stake in Axis Bank.
The shares were purchased at an average price of Rs 1,225.75 apiece, taking the transaction value to Rs 2,083.77 crore.
Details of the sellers of Axis Bank’s shares could not be ascertained.
Shares of Axis Bank fell 0.60 per cent to close at Rs 1,232.10 per piece on the NSE.
On Wednesday, Axis Bank increased its holding in Max Life to 19.99 per cent for Rs 336 crore.
After the stake purchase, the aggregate shareholding of Axis entities increased from 19.02 per cent to 19.99 per cent.
Axis Bank and its two subsidiaries – Axis Capital Ltd and Axis Securities Ltd – were allowed to collectively own about 20 per .
Investors subscribe IPO of DEE Development Engineers 99 times offer size (21-06-2024)
The initial public offer of piping solutions provider DEE Development Engineers got subscribed 98.98 times on the last day of subscription on Friday.
The Rs 418 crore initial share sale got bids for 1,47,92,58,933 shares against 1,49,44,944 shares on offer, according to NSE data.
The portion for Qualified Institutional Buyers (QIBs) received a whopping 201.91 times subscription while the category for non-institutional investors got subscribed 143.43 times. The part for Retail Individual Investors (RIIs) received 22.52 times 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 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 requirements, and the rema
Warburg-backed Avanse Financial Services files for Rs 3,500-cr IPO (21-06-2024)
Avanse is the first education-focused NBFC looking to go public
Market regulator Sebi’s price discovery framework puts shade on holdcos (21-06-2024)
Select holding companies rally on optimism around value unlocking
Sensex snaps six-day winning run; FPIs sell shares worth Rs 1.8k crore (21-06-2024)
Losses in RIL, L&T offset gains in IT stocks