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Posts in category Business Standard
Silver futures decline to Rs 71,543 per kg as traders reduce bets (19-02-2024)
Silver prices on Monday fell Rs 569 to Rs 71,543 per kilogram as participants reduced their bets.
On the Multi Commodity Exchange, silver contracts for March delivery declined Rs 569 or 0.79 per cent to Rs 71,543 per kg in a business turnover of 21,616 lots.
Globally, silver was trading 1.28 per cent lower at USD 23.18 per ounce in New York.
AVG Logistics partially divests its stake in JV NDR AVG Business Park (19-02-2024)
AVG Logistics is partially liquidating its investment from existing Joint venture NDR AVG Business Park which was a prime warehouse project in New Delhi.
Remsons Inds hits the roof on forming JV with Daiichi (19-02-2024)
Remsons Industries was locked in an upper circuit of 5% at Rs 942.45 after the firm announced the establishment of a 50:50 joint venture (JV) with Daiichi to redefine the landscape of automotive electronics.
Tolins Tyres files draft papers with Sebi to raise Rs 230 cr through IPO (19-02-2024)
Tolins Tyres Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 230 crore through an initial public offering (IPO).
The Kerala-based company’s initial share-sale is a combination of fresh issue of equity shares worth Rs 200 crore and an offer-for-sale (OFS) of equity shares to the tune of Rs 30 crore, according to the draft red herring prospectus (DRHP) filed on Friday.
Promoters — Kalamparambil Varkey Tolin and Jerin Tolin– will offload shares worth Rs 15 crore each through the OFS route. They own 83.31 per cent stake in the company at present.
The company may consider raising Rs 25 crore in a Pre-IPO placement round. If such placement is undertaken, the fresh issue size will be reduced.
Of the Rs 200 crore IPO proceeds, Rs 75 crore will be used to augment long-term working capital requirements of the company and Rs 62.55 crore for payment of debt. Further, Rs 24.36 crore will be used for investment in the company’s subsidiary, Tolin Rubbers Privat
Global Health corrects on profit selling (19-02-2024)
Global Health dropped 3.23% to Rs 1388 on profit selling after a recent steep rise.
STL Digital wins SAP APJ Partner Excellence Award 2024 (19-02-2024)
STL Digital, a wholly-owned subsidiary of Sterlite Technologies announced that it received the SAP APJ Award for Partner Excellence 2024 for Top New Cloud Partnership. Awards were presented to the top-performing partners in the Asian Pacific Japan region who made outstanding contributions to driving digital transformation for businesses using SAP solutions, helping their customers adopt innovation, gain results rapidly, grow sustainably, and run more simply.
Sula Vineyards Ltd leads losers in ‘A’ group (19-02-2024)
Techno Electric & Engineering Company Ltd, Home First Finance Company India Ltd, Motilal Oswal Financial Services Ltd and Newgen Software Technologies Ltd are among the other losers in the BSE’s ‘A’ group today, 19 February 2024.
Board of Power Grid accords investment approval for projects worth Rs 655.75 cr (19-02-2024)
At meeting held on 18 February 2024
Sula Vineyards drops after block deal, co issues clarification (19-02-2024)
Sula Vineyards dropped 6.75% to Rs 575.70 following multiple block deals in intraday trade today, 19 February 2024.