Posts in category Business Standard
Equity market in bullish zone even as valuations rise: Bajaj Finserv AMC (16-01-2024)
The AMC's behavioural indicator, which tracks investors' behaviour in four markets - currency, commodity, bond and equity, has been showing a bullish signal since April 2023
Mutual fund distributor sops come under market regulator Sebi’s radar (16-01-2024)
Amfi writes to AMCs for second time in 10 months, asks them to withdraw such programmes
EPACK Durable sets Rs 218-230 price band for IPO worth Rs 640 crore (16-01-2024)
EAPCK Durable, the second-largest outsourced design manufacturer of room air-conditioners, on Tuesday fixed a price band of Rs 218-230 per share for its Rs 640 crore initial public offering.
The share sale, which opens on January 19, comprises Rs 400 crore of fresh issue and a Rs 240-crore offer for sale by promoters, promoter group members, and existing shareholders who collectively be offloading 1.3 crore shares.
Pre-issue, promoters own 67 per cent of the company.
Two investor shareholders India Advantage Fund S4 I and Dynamic India Fund S4 US1, which are owned by ICICI Ventures, will be offloading a third of their total 20 per cent holding in the company, Bajrang Bothra, the chairman of the company told PTI here.
Ajay Singhania, the managing director & chief executive, said ICICI Ventures entered the company in September 2021 with a Rs 160 crore funding for around 20 per cent stake.
The company also has another external investor in Affirma Capital, which in September 2022 ...
AIF commitments cross Rs 9.5 trillion till September 2023, shows data (16-01-2024)
The investment commitments are usually received in tranches from investors by the fund managers and are reflected in the total funds raised
Medi Assist’s Rs 1,171 crore IPO subscribed 1.20 times on 2nd day of offer (16-01-2024)
The Initial Public Offering (IPO) of Medi Assist Healthcare Services got subscribed 1.20 times on the second day of subscription on Tuesday.
The Rs 1,171.57 crore-IPO received bids for 2,34,69,985 shares against 1,96,19,719 shares on offer, as per NSE data.
The category for Retail Individual Investors (RIIs) received 1.70 times subscription while the quota for non-institutional investors got subscribed 1.61 times. The portion for Qualified Institutional Buyers (QIBs) got subscribed 1 per cent.
The IPO is entirely an Offer for Sale (OFS) of up to 2,80,28,168 equity shares. It has a price range of Rs 397-418 a share.
Medi Assist Healthcare Services, the Bessemer Ventures and Investcorp-backed third-party insurance administrator, on Friday raised Rs 351.5 crore from anchor investors.
The selling promoters include company chairman Vikram Jit Singh Chhatwal, Medimatter Health Management, Bessemer Health Capital, and Investcorp Private Equity Fund.
Medi Assist covers over 18,000 hospit
Sebi renews recognition to AMC Repo Clearing for 1 yr to clear transactions (16-01-2024)
The regulator has granted renewal of recognition for one year starting from January 17, 2024 till January 16, 2025, according to a notification uploaded on Sebi's website on Tuesday
Jio Financial Services slips 7% post December quarter results (16-01-2024)
The company reported 56 per cent drop in its consolidated profit after tax at Rs 294 crore for the December quarter (Q3), due to fall in income and rise in expenses.
Asia Pacific home to most 2024 IPO debuts with India taking the lead (16-01-2024)
Asia equity capital market bankers expect India to remain among the region's most active markets throughout this year
Indian stocks’ valuation premium approaches record against Chinese peers (16-01-2024)
India - long dubbed the "next China" - has emerged as an investor favorite, aided by solid earnings and a booming consumer market. It's ascent came on the back of a sluggish Chinese market
LIC at 20-mth high, nears listing day-lifetime high; up 69% from March low (16-01-2024)
LIC hit a 20-month high of Rs 895. It has recovered 69 per cent from its 52-week low level of Rs 530.20 touched on March 29, 2023