Posts in category Business Standard
Ram Temple inauguration: Trading on NSE to remain closed on Jan 22 (19-01-2024)
Trading on the National Stock Exchange will remain closed on January 22, with the Maharashtra government announcing a holiday in connection with the consecration of the Ram Temple in Ayodhya, an official said on Friday.
The Maharashtra government has declared January 22 as a public holiday.
In a circular, the NSE said the currency derivative segment will remain closed on January 22.
Earlier in the day, the Reserve Bank of India (RBI) announced that money markets will remain closed on January 22.
BNP Paribas sells shares of two companies worth Rs 668 cr via open market (19-01-2024)
Financial services company BNP Paribas on Friday sold shares of two companies for Rs 668 crore through open market transactions.
BNP Paribas, through its affiliate BNP Paribas Arbitrage, offloaded shares of private sector lenders, HDFC Bank and IndusInd Bank in two separate transactions on the BSE.
According to the block deal data available with the BSE, BNP Paribas Arbitrage disposed of 18.23 lakh shares of HDFC Bank at an average price of Rs 1,480 apiece.
It also sold more than 25.50 lakh shares of IndusInd Bank at an average price of Rs 1,560 per piece on the exchange, as per the block deal data.
This took the combined transaction value to Rs 667.72 crore.
Meanwhile, in two separate transactions, Goldman Sachs (Singapore) Pte - ODI picked up 18.23 lakh shares of HDFC Bank and acquired more than 25.50 lakh shares of IndusInd Bank at the same price.
On Friday, shares of HDFC Bank fell 1.08 per cent to close at Rs 1,470.70 each on the BSE, while the scrip of IndusInd Bank decline
Over Rs 30,000 crore AIF investments circumventing norms, says Sebi (19-01-2024)
For the first time, Sebi has identified the amount found under circumventions which stands over Rs 30,000 crore. The regulator has not yet completed its thematic inspections
Market regulator Sebi plans comprehensive stress test of equity schemes (19-01-2024)
Initial round done, more tests planned, particularly of schemes with high small & midcap exposure
EPACK Durable IPO subscribed 77% on first day of listing: NSE data (19-01-2024)
The initial public offering of EPACK Durable, an outsourced design manufacturer of room air conditioners, got subscribed 77 per cent on the first day of subscription on Friday.
The initial share sale received bids for 1,53,54,560 shares, as against 1,99,77,615 shares on offer, as per NSE data.
The category for Retail Individual Investors (RIIs) got subscribed 1.17 times while the portion for non-institutional investors attracted 82 per cent subscription. The Qualified Institutional Buyers (QIBs) part got subscribed 1 per cent.
The Initial Public Offering (IPO) has a fresh issue of Rs 400 crore and an offer-for-sale of up to 1,04,37,047 equity shares.
The IPO has a price range of Rs 218-230 a share.
EPACK Durable Ltd on Thursday raised Rs 192 crore from anchor investors.
At the upper end of the price band, the public issue is expected to mobilise Rs 640 crore.
Proceeds of the fresh issue will be utilised for funding capital expenditure for the setting up of manufacturing faciliti
Ram Temple consecration: Stock, money markets to be shut on Monday (19-01-2024)
In a circular, the NSE said the currency derivative segment would remain closed on January 22
Money markets to open at 2.30 pm on January 22 amid half-day holiday: RBI (19-01-2024)
The government has declared a half-day closing on 22 January
Sebi mulling on exemptions in AIF norms, may allow pledging of infra assets (19-01-2024)
Sebi has been consulting with the Reserve Bank of India (RBI) too, he added, to discuss the potential 'financial stability ramifications'
Rashi Peripherals raises Rs 150 cr pre-IPO from institutional investors (19-01-2024)
The round saw participation from institutional investors such as Volrado Venture Partners Fund and Madhuri Madhusudan Kela
BSE, NSE to open on January 20 for special trading session: Check details (19-01-2024)
The development follows after discussions with markets regulator Securities and Exchange Board of India and the advisory committee to check the preparedness of market infrastructure institutions