The continuing supply cuts could lift Brent futures above the $100 a barrel threshold before the end of the year, Bank of America analysts said on Wednesday
Posts in category Business Standard
JSW Infra’s IPO to open on Sept 25, comprises fresh issue of Rs 2,800 cr (13-09-2023)
JSW Infrastructure’s issue will conclude on September 27, while the bidding for the anchor investors will open on September 22, according to the Red Herring Prospectus
JSW Infra’s IPO to open on Sept 25, comprises fresh issue of Rs 2,800 cr (13-09-2023)
JSW Infrastructure’s issue will conclude on September 27, while the bidding for the anchor investors will open on September 22, according to the Red Herring Prospectus
RR Kabel IPO subscribed 25% on day 1, price band at Rs 983 to Rs 1,035 (13-09-2023)
The fresh issue component of the IPO is only Rs 180 crore and the remaining is secondary share sale by promoters and TPG
Coffee Day up 20%, hits upper circuit limit after settlement with creditor (13-09-2023)
Shares of Coffee Day Enterprises Ltd jumped 20 per cent on Wednesday after Coffee Day Global Ltd (CDGL) and its financial creditor IndusInd Bank reached a settlement, following which NCLAT has set aside an insolvency order against the company which owns and operates coffee chain Cafe Coffee Day.
The stock rallied 19.77 per cent to settle at Rs 51.26 apiece on the BSE. During the day, it jumped 20 per cent to Rs 51.36 — its upper circuit limit.
On the NSE, it zoomed 20 per cent to Rs 51.30 per piece — its upper circuit.
In volume terms, 31.18 lakh shares of the company were traded on the BSE and over 2 crore shares on the NSE during the day.
Counsel representing CDGL and IndusInd bank on Wednesday informed the Chennai bench of National Company Law Appellate Tribunal (NCLAT) about the settlement and sought permission to withdraw insolvency litigations.
A two-member bench comprising Justice M Venugopal and Shreesha Merla took their submissions on record and set aside the order …
City gas distributors optimistic about long-term growth prospects (13-09-2023)
The government is looking to push up the share of natural gas to around 15 per cent in the energy mix from the current 6 per cent
Sensex up for a ninth day, Nifty closes 20,000 for the first time (13-09-2023)
Market analysts remain cautious as US inflation data surpasses expectations, raising concerns about the Fed’s future actions
Active mid, smallcap funds lag behind benchmarks amid red-hot rally (13-09-2023)
Fund managers expect active funds to regain the edge ‘once the froth settles’
Ethnic apparel retailer Sai Silks’ IPO to debut on Sept 20 with 27 mn OFS (13-09-2023)
Ethnic apparel retailer Sai Silks (Kalamandir) Ltd on Wednesday said its initial share sale will open for public subscription on September 20.
The bidding for the anchor investors will open on September 18.
The IPO of Sai Silks (Kalamandir) Ltd (SSKL) comprises fresh issue of equity shares aggregating up to Rs 600 crore and an Offer for Sale (OFS) component of up to 2.70 crore equity shares by promoters’ selling shareholders, according to the Red Herring Prospectus (RHP).
The Hyderabad-based saree retailer is yet to announce the price band for the IPO, which will conclude on September 22.
However, Sai Silks has revised its OFS size from 1.80 crore equity shares to 2.70 crore equity shares by promoters and promoter group entities.
Proceeds from the fresh issue worth up to Rs 125 crore will be used for funding capital expenditure towards setting up 30 new stores and up to Rs 25 crore for setting up two warehouses.
Also, it plans to infuse up to Rs 280 crore for funding the working
Signature Global to hit capital markets with Rs 730 crore IPO on Sep 20 (13-09-2023)
Realty firm Signature Global (India) Ltd will hit the capital markets on September 20 with its Initial Public Offering (IPO) to raise Rs 730 crore.
In July last year, the Delhi-based firm had filed the Draft Red Herring Prospectus (DRHP) with capital markets regulator Sebi.
According to the Red Herring Prospectus (RHP), which was filed on Tuesday, the total size of the IPO is up to Rs 730 crore, comprising fresh issue of shares up to Rs 603 crore and offer for sale of up to Rs 127 crore.
The company said it plans to utilise Rs 264 crore for repayment or prepayment of certain borrowings, in full or in part.
It plans to infuse Rs 168 crore into subsidiaries for repayment or prepayment, in full or in part, certain borrowings availed of by them.
The remaining fund will be used for inorganic growth through land acquisitions and general corporate purposes.
Signature Global started operations in 2014 through its subsidiary Signature Builders Pvt Ltd with the launch of ‘Solera’ project o