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Ixigo’s parent co garners Rs 333 cr from anchor investors ahead of IPO (07-06-2024)
Le Travenues Technology Ltd, which operates travel booking platform ixigo, on Friday said it has mobilised Rs 333 crore from anchor investors ahead of launch of its initial share sale for public subscription.
The anchor investors who have been allotted shares are the Government of Singapore, Morgan Stanley, WhiteOak Capital, Bay Capital India Find, Tata Investment Corporation, Bajaj Allianz Life Insurance Company, SBI Mutual Fund and HDFC Mutual Fund, according to a circular uploaded on BSE website.
Overall, the company has allotted 3.58 crore equity shares to 23 funds at Rs 93 apiece, aggregating to Rs 333 crore, it added.
The issue, with a price band of Rs 88 to Rs 93 per share, will open on June 10 and conclude on June 12.
The Rs 740-crore IPO of the Gurugram-based company is a combination of a fresh issue of equity shares worth Rs 120 crore and an Offer For Sale (OFS) of 6.66 crore equity shares to the tune of Rs 620 crore, at the upper end of the price band, by existing …
Torrent Group market capitalisation doubles to $20 billlion in one year (07-06-2024)
Diversified Torrent Group crossed USD 20 billion (Rs 1.68 lakh crore) in market capitalisation on Friday, nearly doubling the market value on the back of robust growth across businesses spanning from pharma to energy.
Torrent Group had an m-cap of USD 10.8 billion (Rs 90,230 crore) on June 6, 2023.
On Friday, two listed companies of the group, Torrent Pharmaceuticals Limited and Torrent Power Limited gained 2.22 per cent and 2.59 per cent, respectively, setting a new milestone for the group’s market capitalisation at USD 20.2 billion at the close of market hours, according to stock exchange data.
Shares of the group’s flagship Torrent Pharmaceuticals ended at Rs 2,838 each and its arm Torrent Power closed at Rs 1,492.35 apiece on the NSE.
Steady growth in the group’s market capitalisation mirrors robust financial performance, sustained growth trajectory and business expansions across verticals.
At the core of its growth strategy is the business model driven by acquisitions.
The g
Over third stocks below June 3 levels even as Sensex touches fresh highs (07-06-2024)
PSEs, Adani, infra stocks among laggards
Over third stocks below June 3 levels even as Sensex touches fresh highs (07-06-2024)
PSEs, Adani, infra stocks among laggards
Sebi penalises individual for not complying with summons in HAL case (07-06-2024)
Sebi on Friday imposed a fine of Rs 20 lakh on Rajat Mishra for failing to comply with the summons issued by the authority in a matter pertaining to violation of market norms while dealing in Hindustan Aeronautics Ltd’s (HAL) shares.
The regulator has directed the individual (Rajat Mishra) to pay the amount of penalty within 45 days.
The Securities and Exchange Board of India (Sebi) had initiated adjudication proceedings against Mishra for the alleged violation of the regulatory norms.
Thereafter, a show cause notice was issued by Sebi to Mishra on May 8, 2024.
“I note …that the investigation report in the matter records that failure to furnish information and failure to appear in person before the Investigating Authority (IA) by the entity (Mishra) has hampered the investigation process and shows his callous attitude and complete disregard to the regulator,” Sebi’s Adjudicating Officer Amar Navlani said in an order.
Accordingly, the regulator penalised Mishra for flouting the S
ET Money suspends investments, SIP registration in Quant MF schemes (07-06-2024)
Cites failure to onboard the AMC under EOP framework
Sebi proposes steps to open credit default swap market for mutual funds (07-06-2024)
CDS allows an investor to offset their credit risk with another investor, who is willing to reimburse or pay a notional amount in case the borrower or the issuer of the bond defaults
Share India Securities allots 1.96 lakh equity shares on conversion of detachable warrants (07-06-2024)
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Wardwizard Innovations & Mobility wins order worth USD 1.29 billion (07-06-2024)
From Beulah International Development Corporation