Macrotech Developers (Lodha) today announced successful closure of its QIP. The Rs ~3,300 crore (~USD 400 million) institutional placement received overwhelming response from both existing and new as well as global and domestic investors. The book was oversubscribed by nearly 3 times within 5 hours of issue opening and witnessed traction from diversified set of investors with long-term outlook, including sovereign funds, pension funds, insurers etc.
Posts in category Business Standard
JG Chemicals IPO subscribed 27.78 times (07-03-2024)
The offer received bids for 22.69 crore shares as against 81.68 lakh shares on offer.
SJVN Green Energy receives order for 1,352 MW solar power projects (07-03-2024)
Under PM-KUSUM Scheme
Gopal Snacks IPO subscribed 1.39 times (07-03-2024)
The offer received bids for 1.66 crore shares as against 1.19 crore shares on offer.
BSE SME IPO of Pune E-Stock Broking subscribed 7.78 times (07-03-2024)
The offer received bids for 3.58 crore shares as against 46.06 lakh shares on offer.
Tata Motors to hike prices of its commercial vehicles (07-03-2024)
With effect from 01 April 2024
Deepak Nitrite and its subsidiaries receive ratings action from ICRA (07-03-2024)
Further, ICRA has also reaffirmed the long term credit rating of ICRA AA and short term rating at ICRA A1+ for Rs 729.02 crore bank facilities of Deepak Phenolics, a wholly owned subsidiary of the company. The outlook on the long term rating is Positive.
United Breweries launches Kingfisher Ultra Max Draught Beer in Karnataka (07-03-2024)
“The launch of Kingfisher Ultra Max Draught Beer in Karnataka marks a significant milestone in our journey,” said Vikram Bahl, Chief Marketing Officer at United Breweries Limited. “As a brand committed to delivering excellence, we are thrilled to bring our Gold Standard Beer to the discerning audience of Karnataka. With its perfect balance of taste and strength, Ultra Max Draught Beer is set to redefine the drinking experience, offering consumers a premium option for their celebratory
occasions.”
Tata Power hits record high after near-term sustainability targets gets validated by SBTi (07-03-2024)
Tata Power Company surged 8.51% to 428.40 after the company has received validation from the Science Based Targets initiative (SBTi) for its near-term objectives.
M&M promoter group entity sells 0.7% stake, Tata Chemicals gains 11%, more (07-03-2024)
Shares of Mukka Proteins, an aqua feed producer, surged more than 50 per cent during their trading debut on Thursday