Posts in category Business Standard
Warburg Pincus divests 8.4% stake in Kalyan Jewellers for Rs 2,937 crore (08-02-2024)
Private equity major Warburg Pincus on Thursday divested an 8.4 per cent stake in Kalyan Jewellers India for Rs 2,937 crore through open market transactions.
The US-based Warburg Pincus through its arm Highdell Investment Ltd sold shares of Kalyan Jewellers India on the National Stock Exchange (NSE) and the BSE.
Kalyan Jewellers India is into manufacture and sale of gems and jewellery.
As per bulk and block deal data available on the exchanges, Highdell Investment disposed of 1.80 crore shares on the BSE. Similarly, Highdell Investment also offloaded more than 6.87 crore shares in three tranches on the NSE.
Around 8.67 crore shares sold represent an 8.42 per cent stake in Kalyan Jewellers India.
The shares were sold at an average price of Rs 344.42 apiece on the BSE, while the shares were disposed of within the price range of Rs 334-339.59 apiece on the NSE, taking the combined deal size to Rs 2,936.96 crore.
After the latest transaction, Highdell Investment's shareholding in Ka
Sebi bars TV experts, research analysts, guests for ‘stock manipulation’ (08-02-2024)
Experts shared recommendations to certain entities before broadcast; Wrongful gains pegged at Rs 7.5 crore
Sebi tweaks pricing method for institutional placement by private InvITs (08-02-2024)
Capital markets regulator Sebi on Thursday came out with revised pricing guidelines for institutional placements by privately placed infrastructure investment trusts (InvITs) in a bid to promote ease of doing business.
Under the new guidelines, privately placed InvITs can undertake institutional placement based on net asset value (NAV) of InvIT's assets.
"The institutional placement by privately placed InvIT shall be made at a price not less than the NAV per unit, based on the full valuation of all existing InvIT assets conducted in terms of InvIT Regulations," the Securities and Exchange Board of India (Sebi) said in a circular.
As per the current rule, the institutional placement by InvIT needs to be made at a price not less than the average of the weekly high and low of the closing prices of the units of the same class quoted on the stock exchange during the two weeks preceding the relevant date.
The decision has been taken based on the request of the industry in respect of pric
Rashi Peripherals IPO receives 3.19 times subscription on Day 2 of offer (08-02-2024)
The initial share sale of information and communications technology products distributor Rashi Peripherals received 3.19 times subscription on Thursday, the second day of bidding.
The Initial Public Offer (IPO) received bids for 4,53,93,936 shares against 1,42,37,289 shares on offer, according to data available with the NSE.
The portion for non-institutional investors got subscribed 5.88 times while the category for Retail Individual Investors (RIIs) attracted 3.45 times subscription. The quota for Qualified Institutional Buyers (QIBs) received 72 per cent subscription.
The initial public offer of up to Rs 600 crore is in a price range of Rs 295-311 a share. The IPO is completely a fresh issue of equity shares.
Rashi Peripherals on Tuesday mobilised Rs 180 crore from anchor investors.
Of the IPO proceeds, funds worth Rs 326 crore will be utilised for payment of debt and Rs 220 crore for funding working capital requirements and general corporate purposes.
Last month, Rashi Periphe
Capital Small Finance Bank IPO subscribed 1.19 times on day two of bidding (08-02-2024)
The initial public offer of Capital Small Finance Bank Limited on Thursday got subscribed 1.19 times on the second day of bidding.
The Rs 523 crore-initial share sale received bids for 97,15,520 shares against 81,47,373 shares on offer, as per NSE data.
The category for Retail Individual Investors (RIIs) received 1.34 times subscription while the quota for Qualified Institutional Buyers (QIBs) got subscribed 1.06 times. The portion for non-institutional investors fetched 1.03 times subscription.
The Initial Public Offer (IPO) has a fresh issue of up to Rs 450 crore and an Offer For Sale component of up to 15,61,329 equity shares.
Those selling shares in the OFS include Oman India Joint Investment Fund II, American Capital, and Amicus Capital Private Equity.
The IPO has a price range of Rs 445-468 a share.
The initial share sale of Capital Small Finance Bank Ltd received 50 per cent subscription on the first day of bidding on Wednesday.
Capital Small Finance Bank on Tuesday colle
Vedanta features in S&P Global Sustainability Yearbook 2024 (08-02-2024)
With a score of 80, the Company is among the Top 10% of S&P Global ESG Scores and is in the Industry Distinctions list where it shares the
spotlight with Hindustan Zinc, its subsidiary, who tops the list and is among the Top 1% of S&P Global ESG Scores.
Sensex, Nifty dip 1% as RBI keeps repo rates unchanged for the sixth time (08-02-2024)
RBI Governor Shaktikanta Das said that it was premature to talk about rate cuts until there's evidence inflation will be kept firmly around the target level
Equity mutual fund inflows hit 22-month high in January, shows data (08-02-2024)
Strong start to new calendar year with gross inflows topping Rs 50K crore; Industry AUM nears Rs 53 trn
Bitcoin approaches $45,000 with US spot ETFs showing steady inflows (08-02-2024)
The largest cryptocurrency rose as much as 1.6% to $44,872 on Thursday. Bitcoin last traded above $45,000 on Jan. 12, the day after the ETFs began trading
Board of Tata Steel allots 9.97 cr equity shares under scheme of amalgamation (08-02-2024)
At meeting held on 08 February 2024