The equity markets also benefited from bargain-hunting and short-covering following a tumultuous Tuesday
Posts in category Business Standard
Bulls stage Rs 17 trn recovery as worries about NDA forming govt ease (05-06-2024)
The equity markets also benefited from bargain-hunting and short-covering following a tumultuous Tuesday
MF funding to NBFCs grow at 30% to Rs 2.08 trn in April 2024: CareEdge (05-06-2024)
Signals confidence in robust profile of NBFCs
Post-election six-month returns always positive since 2004 LS polls (05-06-2024)
Even in 2004, when benchmarks had collapsed 20% after NDA’s surprise defeat, the markets had recouped all the losses to generate positive returns six months and one year later
Sebi eases timelines for FPIs to report, disclose material changes (05-06-2024)
While Sebi has specified a 14-point list for type 1 material changes, all other changes will fall under Type 2 category and will be required to be reported within thirty days with supporting documents
SBI MF assets top Rs 10 trn; becomes first fund house to achieve milestone (05-06-2024)
Becomes the first fund house to reach the milestone
Kronox Lab Sciences IPO gets 117.25 times subscription on last day of offer (05-06-2024)
The initial public offer of Kronox Lab Sciences garnered 117.25 times subscription on the closing day of bidding on Wednesday.
The IPO received bids for 78,54,49,390 shares against 66,99,000 shares on offer, as per NSE data.
The portion for non-institutional investors fetched a whopping 301.92 times subscription while the quota for Qualified Institutional Buyers (QIBs) got subscribed 89.03 times. The category for Retail Individual Investors (RIIs) received 54.23 times subscription.
The Initial Public Offer (IPO) has an offer for sale of up to 95,70,000 equity shares.
The price range for the offer is Rs 129-136 a share.
Kronox Lab Sciences has raised Rs 39.04 crore from anchor investors.
Pantomath Capital Advisors is the book-running lead manager to the offer.
The company’s equity shares are proposed to be listed on the BSE and NSE.
Vadodara-based Kronox Lab Sciences is the manufacturer of high-purity speciality fine chemicals. Its high purity speciality fine chemicals portfolio
Sebi relaxes timelines for FPIs to make material event disclosures (05-06-2024)
Markets regulator Sebi on Wednesday relaxed timelines for disclosure of material changes by Foreign Portfolio Investors (FPIs).
The regulator categorised material changes notified by FPIs into two groups. Type I group includes changes that require FPIs to seek fresh registration, or which affect any privileges or exemptions available to such foreign investors and Type II includes all other material changes.
In its circular, Sebi said that FPIs are required to report Type I changes within seven working days and provide supporting documents within 30 days and Type II changes require notification and supporting documents within 30 days.
At present, FPIs get up to seven working days to submit information to the watchdog with regard to any material change in its structure or ownership or control or investor group.
Some of the Type 1 material changes include change of jurisdiction; name change on account of acquisition, merger, demerger, and ownership. Type II is any material changes oth
Board of Ace Software Exports approves rights issue of Rs 50 cr (05-06-2024)
At meeting held on 05 June 2024
Titagarh Rail Systems inaugurates new engineering centre in Bangalore (05-06-2024)
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