Posts in category Business Standard
Realtor Anant Raj plans to raise Rs 500 cr through issue of securities (11-11-2023)
Realty firm Anant Raj Ltd on Saturday announced plans to raise up to Rs 500 crore through issue of securities to institutional investors.
The company will seek shareholders' approval through a special resolution. It
did not disclose the objective of the fund raising.
In a regulatory filing, Anant Raj Ltd said the board of directors has inter-alia considered and approved "issuance of equity shares or other convertible securities by way of Qualified Institutions Placement (QIP), for an aggregate consideration not exceeding Rs 500 crore."
The board also approved the notice of Extraordinary General Meeting (EGM) for seeking approval of shareholders by way of special resolution for approval for issuance of the securities.
Recently, Anant Raj announced plans to launch three new housing projects in Gurugram and Andhra Pradesh in the next 6-9 months with an estimated sales value of Rs 4,000 crore, as it seeks to expand business amid strong demand for residential properties.
Anant Raj Ltd
BSE Q2 net profit jumps to Rs 118 crore, revenue at record Rs 367 crore (11-11-2023)
Leading stock exchange BSE has reported a four-fold jump in net profit at Rs 118.4 crore for the quarter ended in September 2023.
In comparison, the exchange had posted a net profit of Rs 29.4 crore in the year-ago period, BSE said in a statement.
The bourse's revenue rose 53 per cent to a record Rs 367 crore in the July-September quarter of the current financial year (FY24), from Rs 240 crore in the year-ago period.
"We shall continue to invest in development of human resources, new products, technology infrastructure, etc, and thus pursue long-term growth shareholders and deliver on our mission of Vibrant BSE 2025," the exchange's MD & CEO, Sundararaman Ramamurthy, said.
The exchange's average daily turnover in the equity segment increased to Rs 5,922 crore in the quarter under review, from Rs 4,740 crore in three months ended September 2022.
Also, the board of directors of BSE in their meeting on Friday have approved the fund infusion of Rs 22.36 crores in India International .
Gold price rises Rs 330 to Rs 61,090, silver jumps Rs 800 to Rs 74,000 (11-11-2023)
The price of 22-carat gold rose Rs 300, with the yellow metal selling at Rs 56,000
First sovereign green bond of FY24 sails through amid thin greenium (10-11-2023)
The yield on the 5-year government bond closed the day at 7.27 per cent.
Indices hit new highs in Samvat 2079; Nifty jumps 10.5%, Sensex up 9.4% (10-11-2023)
But rising US bond yields cap gains
Samvat 2079: Bond yields soften, rupee stable despite falling to fresh lows (10-11-2023)
Domestic bond yields were relatively less volatile compared to the US treasury bond yields, as the market was driven by investors rather than traders
Peak XV Partners sells 1.5% stake in Aptus Value Housing for Rs 213 cr (10-11-2023)
Peak XV Partners (formerly Sequoia Capital India & SEA) on Friday divested a 1.5 per cent stake in Aptus Value Housing Finance India for over Rs 213 crore through open market transactions.
Peak XV Partners, through its affiliate, Peak XV Partners Investments VI sold the shares in two tranches of Aptus Value Housing Finance India on the National Stock Exchange (NSE).
According to the block deal data available with the NSE, Peak XV Partners Investments VI offloaded 74,35,937 shares, amounting to a 1.5 per cent stake in Aptus Value Housing Finance India.
These shares were sold at an average price of Rs 287 apiece, taking the transaction value to Rs 213.41 crore.
After the transaction, Peak XV Partners shareholding in the company has declined to 1.11 per cent from 2.61 per cent.
Meanwhile, SBI Mutual Fund picked up 60 lakh shares and Blue Diamond Properties Pvt Ltd acquired more than 14.35 lakh shares, amounting to a 1.2 per cent and 0.3 per cent stake, respectively, in Aptus Value ..
Forex trade impacted by platform outage; RBI asks for root cause analysis (10-11-2023)
Trading in the forex market was impacted on Friday as one of the platforms suffered an outage.
One of the electronic trading platforms suffered an outage around midday during the trading hours due to which players were unable to log into the system, according to sources.
Orders dried up as a result of this, they said, adding that this created a heightened uncertainty in the forex market, causing excess volatility in the Indian rupee, which was avoidable.
According to market participants, the Rupee, which has been range-bound around 83.30 to the dollar for many weeks lost some ground as a result of the volatility, depreciating till 83.50 intra-day before closing at 83.34 at the end of the trading session.
A source said the Reserve Bank of India has asked the platform to undertake a "root cause analysis" and "ascertain whether it was a system failure or human error that led to the disruption" on the platform.
The RBI has also sought an explanation from the platform to understand the
ESAF Small Finance Bank shares gain 15% during stock market debut (10-11-2023)
The company's initial public offering (IPO) had seen demand 73 times more than the shares on offer
Hindustan Aeronautics hits new peak, up 4% on signing pact with Airbus (10-11-2023)
HALand Airbus have signed a contract for establishing Repair and Overhaul (MRO) facilities for A-320 family of aircrafts.