Posts in category Business Standard
Sebi panel to review ownership structure of clearing corporations (04-06-2024)
Indian Clearing Corporation (ICCL) and NSE Clearing (NCL) are wholly-owned subsidiaries of BSE and the National Stock Exchange, respectively
Marketquake: Election results rock PSU, Adani stocks; Nifty PSE tanks 16.4% (04-06-2024)
Nifty PSE tanks 16.4%; Rs 3.6 trn shaved off from Adani Group mcap
Marketquake: PSU, Adani stocks feel verdict tremors; Nifty PSE tanks 16.4% (04-06-2024)
Rs 3.6 trn shaved off from Adani Group mcap
Investors subscribe Kronox Lab Sciences IPO 24.57 times on 2nd day of offer (04-06-2024)
The initial public offer of Kronox Lab Sciences received 24.57 times subscription on the second day of bidding on Tuesday.
The IPO got bids for 16,45,99,160 shares against 66,99,000 shares on offer, as per NSE data.
The quota for non-institutional investors got subscribed 52.92 times while the category for Retail Individual Investors (RIIs) fetched 24.52 times subscription. The portion for Qualified Institutional Buyers (QIBs) received 3.39 times subscription.
The Initial Public Offer (IPO) has an offer for sale of up to 95,70,000 equity shares. The price range for the IPO is Rs 129-136 a share.
Kronox Lab Sciences has raised Rs 39.04 crore from anchor investors.
Pantomath Capital Advisors is the manager to the offer.
The company's equity shares are proposed to be listed on the BSE and NSE.
Vadodara-based Kronox Lab Sciences is the manufacturer of high-purity speciality fine chemicals. Its high purity speciality fine chemicals portfolio has more than 185 products. The products a
Container Corporation of India signs MoU with Shipping Corporation of India (04-06-2024)
Both companies intend to explore business opportunities for leveraging the advantage of each other's infrastructure and experience in synergy to offer seamless and cost effective end-to-end logistics services to customers under a single window.
UTI Asset Management Company allots 12,866 equity shares under ESOS (04-06-2024)
Post the aforesaid allotment, the issued and paid-up share capital of the Company shall be increased from Rs 1,27,26,42,530 (12,72,64,253 equity shares of face value of Rs 10 each) to Rs 1,27,27,71,190 (12,72,77,119 equity shares of face value of Rs 10 each).
Boards of Tata Motor Finance and Tata Capital approves scheme of amalgamation (04-06-2024)
The Board of Directors of Tata Motors Finance (TMFL), a step down wholly owned subsidiary of Tata Motors and the Board of Directors of Tata Capital (TCL) have, at their respective Board Meetings held today, i.e., 04 June 2024, approved the Scheme of Arrangement amongst TMFL and TCL and their respective shareholders.
PNB to float Canara HSBC Life Insurance IPO, will divest 10% stake (04-06-2024)
Punjab National Bank (PNB) on Tuesday said it will sell 10 per cent stake in Canara HSBC Life Insurance Company by listing the insurer on the stock exchanges.
Currently, PNB holds 23 per cent in the insurance firm.
PNB's board in its meeting held today has accorded its approval for initiating the process of diluting 10 per cent stake of the bank in Canara HSBC Life Insurance Co Ltd, an associate company of the Bank, by listing the Company in Stock Exchanges (BSE/NSE) through Initial Public Offer (IPO).
The decision is subject to regulatory approval, PNB said in a regulatory filing.
HSBC and public sector Canara Bank are promoters of the life insurance company holding 26 per cent and 51 per cent, respectively.
PNB is a shareholder with 23 per cent stake.
Shares of PNB fell 15.80 per cent to close at Rs 115.35 on the BSE.
Board of Capacite Infraprojects defers decision on NCD issuance (04-06-2024)
At meeting held on 04 June 2024