In addition, SEBI suggested a framework for companies that have shares held by investment-holding companies
Posts in category Business Standard
TVS Supply Chain IPO subscribed 2.8 times on last day of subscription (14-08-2023)
The company had earlier raised Rs 396 crore from 18 anchor investors
TVS Supply Chain IPO subscribed 2.78 times on last day of subscription (14-08-2023)
The Initial Public Offer (IPO) of TVS Supply Chain Solutions, part of TVS Mobility Group, was subscribed 2.78 times on the last day of subscription on Monday.
The Rs 880 crore IPO received bids for 6,98,68,624 shares against 2,51,22,289 shares on offer, according to NSE data.
The category for Retail Individual Investors (RIIs) was subscribed 7.60 times, while the quota for non institutional investors received 2.35 times subscription. The category for Qualified Institutional Buyers (QIBs) got subscribed 1.35 times.
The IPO had a fresh issue aggregating up to Rs 600 crore and an offer for sale of up to 1,42,13,198 equity shares.
The IPO had a price range of Rs 187-197 per share.
TVS Supply Chain Solutions on Wednesday said it has mobilised Rs 396 crore from anchor investors.
Proceeds from the fresh issue to the tune of Rs 525 crore will be utilised for payment of debt availed by the company and its subsidiary TVS LI UK. Besides, funds will be used for inorganic growth strategy and
E-commerce retailer Nykaa’s stock declines the most in nine months (14-08-2023)
The brokerage downgraded the stock to ADD and revised its target price to Rs 165 from Rs 210
Global currency markets stabalises after yen hits lowest level since Nov (14-08-2023)
The dollar hit a one-month high against a basket of other major currencies as investors sought a safe haven on concerns about China’s economy, but then eased
SpiceJet flies 13% as it clocks net profit of Rs 205 crore in Q1FY24 (14-08-2023)
The company registered net profit at Rs 205 crore in the June ended quarter (Q1FY24), as against net loss of Rs 789 crore, in the year-ago period.
SpiceJet flies 13% as it clocks net profit of Rs 205 crore in Q1FY24 (14-08-2023)
The company registered net profit at Rs 205 crore in the June ended quarter (Q1FY24), as against net loss of Rs 789 crore, in the year-ago period.
Garden Reach Shipbuilders & Engineers soars 13% on strong Q1 results (14-08-2023)
Analysts at ICICI Securities expect execution to remain healthy over the next two years, led by execution of orders in hand
Avantel soars 17%, hits new high as stock trades ex-stock split (14-08-2023)
Avantel said that the rationale behind the split is to enhance liquidity in the capital market, widen shareholder base, and make shares more affordable to small investors.
In charts: Nifty Smallcap 250 outperforms all major indexes in July (14-08-2023)
Realty, Metals & Energy led the charge, rising 9% each. On the flip side, IT lagged with a modest 1% rise.