Posts in category Business Standard
Bharat Highways InvIT collects Rs 826 cr from anchor investors ahead of IPO (27-02-2024)
Bharat Highways InvIT, an infrastructure investment trust, on Tuesday said it has collected Rs 826 crore from anchor investors a day before its Initial Public Offering (IPO).
The InvIT has allotted 8.26 crore units to 37 funds at Rs 100 apiece, aggregating the transaction size to Rs 826 crore, according to a circular uploaded on the BSE website.
Copthall Mauritius Investment Ltd, Societe Generale, ICICI Prudential Mutual Fund, HDFC Mutual Fund, UTI Mutual Fund, Axis Mutual Fund, Reliance General Insurance Company, and Max Life Insurance Co Ltd are among the anchor investors, it showed.
The Rs 2,500-crore maiden public issue of Bharat Highways will open for subscription on February 28 and conclude on March 1. The price band has been fixed at Rs 98-100 per unit.
Proceeds from the issue will be utilised to provide loans to the project SPVs (Special Purpose Vehicles) for repayment of their outstanding loans.
Bharat Highways InvIT is an infrastructure investment trust established to ..
Grayscale’s Bitcoin ETF exodus reaches $7.4 bn in first 30 trading days (27-02-2024)
That stands in contrast to the other nine freshly launched spot Bitcoin ETFs, all of which are sitting on net inflows since trading began
National Stock Exchange tweaks methodology for inclusion of companies (27-02-2024)
Lays more emphasis on 'free-float' mcap as selection criteria for small and midcap index
AIFs’ actual investment at 65% of commitments: Sebi WTM Ananth Narayan (27-02-2024)
Along with a code of conduct, Sebi is working to define the specifics of what constitutes circumvention
Exicom Tele-Systems IPO subscribed 10 times on first day of bidding (27-02-2024)
The Initial Public Offering (IPO) of EV chargers maker Exicom Tele-Systems Ltd got subscribed 10 times on the first day of subscription on Tuesday.
The Rs 429 crore-IPO received bids for 18,23,99,200 shares against 1,82,23,540 shares on offer, translating into 10.01 times subscription, according to NSE data.
The Retail Individual Investors (RIIs) part got subscribed 27.11 times while the quota for non-institutional investors received 19.03 times subscription. The Qualified Institutional Buyers (QIBs) category fetched 73 per cent subscription.
The IPO got fully subscribed within hours of beginning of the bidding process.
The IPO has a fresh issue of equity shares aggregating up to Rs 329 crore and an Offer For Sale (OFS) component of up to 70.42 lakh equity shares worth Rs 100 crore, at the upper end of the price band, by promoter NextWave Communications.
At present, NextWave Communications holds a 76.55 per cent stake in the company, and HFCL, part of the promoter group, owns a 7.
Angel funds approach Sebi, raise the issue of high depository fees (27-02-2024)
AIFs are pooled investment vehicles that cater to high-networth investors and institutions
TMS Ep638: Paint industry, FDI in space sector, markets, Bitcoin halving (27-02-2024)
What's attracting big players to paint industry? Can liberalised FDI make India a space superpower? Will Bitcoin extend its rally post the halving event? How does Bitcoin halving work? Answers here
Investors subscribe Platinum Industries IPO 8 times on Day 1 of bidding (27-02-2024)
The initial public offer of Platinum Industries received 8.04 times subscription on the first day of share sale on Tuesday.
The Rs 235 crore-IPO received bids for 7,74,20,952 shares against 96,32,988 shares on offer, as per NSE data.
The portion meant for non-institutional investors got subscribed 13.58 times while the Retail Individual Investors (RIIs) quota received 10.21 times subscription. The category for Qualified Institutional Buyers (QIBs) fetched 7 per cent subscription.
The Initial Public Offer (IPO) has a fresh issue of up to 1,37,61,225 equity shares.
The price range for the offer is fixed at Rs 162-171 a share.
Platinum Industries has mobilised over Rs 70 crore from anchor investors.
Platinum Industries, a multi-product company, is engaged in the business of manufacturing stabilisers.
Unistone Capital is the manager to the offer.
Benchmarks rebounds after early dip, Nifty ends near 22,200 (27-02-2024)
The domestic equity benchmarks reversed early losses and closed higher on Tuesday, snapping a two-day losing streak. The key indices, the Sensex and Nifty, were buoyed by gains in select heavyweight stocks. The Nifty 50 index, after dipping to a low of 22,085.65 in early trading, managed to close near the 22,200 level. The broader market witnessed mixed performance with sectors like realty, consumer durables, and IT experiencing gains, while oil & gas, media, and PSU banks declined.
INR Stays Range Bounds; Key US Data Eyed (27-02-2024)
The Indian rupee closed almost flat at 82.89 (provisional) against the US dollar in a restricted trade on Tuesday amid withdrawal of foreign funds and increased month-end demand for the American currency. Optimistic equities and a weaker dollar limited downside for the local unit. The benchmark S&P/BSE Sensex rose 305.09 points, or 0.42 percent, to 73,095.22 while the broader NSE Nifty index settled 76.30 points, or 0.34 percent, higher at 22,198.35. Meanwhile, investors kept an eye on domestic and global macroeconomic data to be released this week. At the interbank foreign exchange market, the local unit opened firm at 82.87 against the dollar and touched a low of 82.90 in intra-day trade. The local unit finally settled at 82.89 (provisional) against the greenback, down by 1 paisa from the previous closing level.