Posts in category Business Standard
SC directs govt, Sebi to consider suggestions on regulatory reforms (03-01-2024)
Expert committee formed to probe Adani matter had submitted a slew of suggestions in May 2023
Shree Tirupati Balajee Agro, Vraj Iron and Steel file IPO papers with Sebi (03-01-2024)
Shree Tirupati Balajee Agro Trading Company (STB), and Vraj Iron and Steel have filed their preliminary papers with Sebi to raise funds through initial share sales.
The Initial Public Offering (IPO) of STB comprises a fresh issuance of up to 1.30 crore equity shares and an Offer For Sale (OFS) of up to 36.45 lakh shares by its promoter Binod Kumar Agarwal, as per the Draft Red Herring Prospectus (DRHP).
In the case of Vraj Iron and Steel, the IPO will be entirely fresh issue of equity shares worth up to Rs 171 crore.
According to its DRHP, STB will use the net proceeds from the fresh issue towards debt repayment by the company and its subsidiaries -- Honourable Packaging Pvt Ltd, Shree Tirupati Balajee FIBC and Jagannath Plastics.
A portion of the proceeds will also be used towards funding the incremental working capital requirements of the company and general corporate purposes.
Madhya Pradesh-based STB is into manufacturing and supplying of Flexible Intermediate Bulk Container
SC judgment gives Sebi final say on securities violations: Law firms (03-01-2024)
For proxy advisory firm Institutional Investor Advisory Services (IiAS), the pending Supreme Court investigation was a matter of concern from the auditing point of view
Bajaj Auto board to consider share buyback on Jan 8, stock jumps over 5% (03-01-2024)
Under the Securities and Exchange Board of India (Sebi) regulations, the maximum limit for a buyback is 25 per cent or less of the paid-up capital and free reserves in that financial year
‘Average IPO size declines to Rs 867 cr in 2023 from Rs 1,483 cr in 2002’ (03-01-2024)
57 companies raised Rs 49,434 crore in 2023 through IPOs, 17 per cent lower than the previous year's Rs 59,302 crore raised by 40 IPOs
Jyoti CNC Automation’s IPO worth Rs 1,000 crore to open on January 9 (03-01-2024)
Gujarat-based Jyoti CNC Automation's initial public offering worth up to Rs 1,000 crore will open on January 9.
It will also be the first public issue of 2024 on the main board of leading stock exchanges BSE and NSE.
The company is planning to list its shares for the second time in nearly 10 years.
The three-day Initial Public Offering (IPO) of Jyoti CNC will close on January 11, while the anchor book of the offer will be launched for a day on January 8, as per the Red Herring Prospectus (RHP).
The price band for the offer is yet to be announced.
Last month, the company got approval from markets regulator Sebi to float the public issue.
The IPO is entirely a fresh issue of equity shares worth up to Rs 1,000 crore.
The proceeds from the issue would be used for debt payment, funding the long-term working capital requirements of the company, and general corporate purposes.
Jyoti CNC Automation is a leading manufacturer of Computer Numerical Control (CNC) machines. Its customers in
Bajaj Auto rallies 6%, hits new high as board to mull buyback on January 8 (03-01-2024)
With today's gain, the market price of Bajaj Auto has zoomed 96 per cent in the past one year, as against nearly 17 per cent surge in the S&P BSE Sensex
Jio Financial’s application for mutual fund licence under process: Sebi (03-01-2024)
Update by regulator puts to rest speculations that Jio is looking to enter MF space through acquisition
VST Industries zooms 28% in 2 days as Radhakishan Damani, SBI MF hike stake (03-01-2024)
On Tuesday, January 2, investor Radhakishan Damani has bought 222,935 shares and SBI Mutual Fund acquired 225,000 shares of VST Industries via bulk deals.
Adani group shares rally up to 12% ahead of SC verdict on Hindenburg case (03-01-2024)
Among individual stocks, Adani Energy Solutions and Adani Total Gas soared over 10 per cent each. Adani Enterprises was up 6 per cent so far on Wednesday.