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Market advances for 4th day; Nifty settles above 22,000 level (16-02-2024)
As per provisional closing data, the S&P BSE Sensex gained 376.26 points or 0.52% to 72,426.64. The Nifty 50 index added 129.95 points or 0.59% to 22,040.70.
GPT Healthcare’s IPO to open on February 22, PE firm BanyanTree to exit (16-02-2024)
The Initial Public Offering (IPO) GPT Healthcare Ltd, which operates and manages mid-sized multi-specialty hospitals under the ILS Hospitals brand, is set to open on February 22.
The initial-share-sale is scheduled to conclude on February 26.
The bidding for anchor investors will open for a day on February 21, according to the Red Herring Prospectus (RHP).
The IPO is a combination of a fresh issue of equity shares aggregating to Rs 40 crore, and an Offer For Sale (OFS) of up to 2.6 crore equity shares by private equity firm BanyanTree Growth Capital II.
BanyanTree, which holds 2.6 crore shares or 32.64 per cent stake in Kolkata-based GPT Healthcare, is divesting its entire shareholding in the company.
Proceeds from the fresh issue will be used for payment of debt and general corporate purposes.
GPT Healthcare, which started with an eight-bed hospital in Kolkata in 2000, operates four full-service multi-specialty hospitals, with a total capacity of 561 beds.
The company competes
Lupin gets USFDA nod for pregnancy prevention drug (16-02-2024)
Lupin informed that it has received an approval from US Food & Drug Administration (USFDA) for its abbreviated new drug application (ANDA) for Minzoya (Levonorgestrel and Ethinyl Estradiol tablets, and Ferrous Bisglycinate tablets).
Ddev Plastiks Industries installs 1 MW solar power panels (16-02-2024)
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ACC to shift its registered office to Ahmedabad (16-02-2024)
The Company will shift its registered office from Cement House, 121,
Maharshi Karve Road, Mumbai-400020, Maharashtra to Adani Corporate
House, Shantigram, Near Vaishnodevi Circle, S. G. Highway, Ahmedabad 382421, Gujarat”.
ITCONS E-Solutions spurts on bagging Wipro contract (16-02-2024)
ITCONS E-Solutions jumps 11.25% to Rs 45 after securing a service deal with Wipro to offer on-call support services across India.
Gujarat Gas Ltd leads losers in ‘A’ group (16-02-2024)
Lumax Auto Technologies Ltd, Reliance Infrastructure Ltd, RHI Magnesita India Ltd and Schneider Electric Infrastructure Ltd are among the other losers in the BSE’s ‘A’ group today, 16 February 2024.
Marine Electricals hits the roof on bagging orders worth Rs 104 cr (16-02-2024)
Marine Electricals (India) was locked in an upper circuit of 5% at Rs 104 after it received orders amounting to Rs 104.25 crore from TATA Projects and Fleet Maintenance Unit (FMU).
Ajay Singh and Busy Bee Airways submit bid for GoFirst (16-02-2024)
The bid, submitted on Friday (16 February 2024), marks a significant strategic move that has the potential to reshape the landscape of the Indian aviation sector and position SpiceJet for substantial growth in the industry.