According to data from BSE, the 4,357 companies available for trade had a combined market capitalisation of around Rs 416 trillion on Tuesday against India’s GDP at current price of Rs 296.6 trillion
Posts in category Business Standard
Bluechips drive India past $5 trillion market capitalisation milestone (22-05-2024)
63% of mcap growth contributed by top 100 firms
Sebi cracks whip in Superior Finlease stock price manipulation case (22-05-2024)
It has barred 17 entities and individuals from the securities market for five years and two others for three years each for allegedly operating a pump and dump scheme
Board of Torrent Power approves raising up to Rs 8,000 cr (22-05-2024)
At meeting held on 22 May 2024
Board of Adani Energy Solutions to consider proposal for raising of funds (22-05-2024)
On 27 May 2024
Power Finance Corporation incorporates WoS – South Olpad Transmission (22-05-2024)
The Company has been incorporated for Transmission System for Evacuation of Power from Potential Renewable Energy Zone in
Khavda Area of Gujarat under Phase-IV (7GW): Part B.
Board of Advani Hotels & Resorts (India) recommends 2nd interim dividend (22-05-2024)
Of Rs 0.8 per share
Sebi’s new guidelines on mkt rumour to help in fair pricing of M&A: Experts (22-05-2024)
Sebi’s new guidelines for managing stock price impact arising from market rumours will ensure that the share price used in the merger and acquisition (M&A), buyback, and other transactions are not artificially influenced by speculative market activities, experts said on Wednesday.
Market rumours pertaining to a company’s business can create significant volatility in stock prices, often leading to transactions that don’t reflect a company’s true value.
This market rumours could be related to anything, including exiting of top management, cancellation of an order and financial health.
“Sebi’s framework addresses this issue by establishing a mechanism to determine the unaffected price — the price of a stock before the rumour surfaced.
“This price would be used for transactions unless the rumour itself caused price fluctuations in subsequent trading days,” Trivesh, Chief Operating Officer of Tradejini, said.
In its circular on Tuesday, Sebi outlined the framework for calculating the
Tata Motors allots 2.39 lakh equity shares under ESOP (22-05-2024)
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Co-working space operator Awfis Space IPO fully subscribed on Day 1 (22-05-2024)
The initial public offer of co-working space operator Awfis Space Solutions got subscribed 2 times on the first day of bidding on Wednesday.
The Rs 599 crore initial share sale received bids for 1,74,46,143 shares against 86,29,670 shares on offer, as per NSE data.
The category for Retail Individual Investors (RIIs) fetched 6.02 times subscription, while the quota for non-institutional investors got subscribed 2.76 times. The portion for Qualified Institutional Buyers (QIBs) received 30 per cent subscription.
The Initial Public Offer (IPO) has a fresh issue of up to Rs 128 crore and an offer for sale of up to 1,22,95,699 equity shares.
The price range for the offer is fixed at Rs 364-383 per share.
Awfis Space Solutions Ltd on Tuesday said it has mopped up a little over Rs 268 crore from anchor investors.
The issue will conclude on May 27.
Promoter Peak XV Partners Investments V (formerly known as SCI Investments) as well as shareholders Bisque Ltd and Link Investment Trust are