“We wish to intimate the exchanges of our intention not to exercise the oversubscription option.” Patanjali Foods said
Posts in category Business Standard
Sensex scales all-time high of 66,000 intraday for the first time (13-07-2023)
The gains by IT majors also contributed to the index’s gains
IIFL Securities says 80 companies have lined up initial public offerings (13-07-2023)
As many as 80 companies, including India First Life Insurance, Snapdeal, Tata Technologies, Netweb Technologies and Go Digit Insurance, have lined up Initial Public Offerings (IPOs), brokerage firm IIFL Securities’ President Nipun Goel said on Thursday.
According to him, the IPO market has been fairly active over the last three months. and was kick-started by Mankind Pharma with its Rs 4,326 crore-offer that was very well received by investors and importantly, the shares traded strong post listing.
Since then, Goel said, five more IPOs have been successfully completed and there is an expectation for a number of IPOs to be launched in the next 4-8 weeks.
“As of date, there are approximately 80 companies wherein draft offer documents have been filed with regulator Sebi and we expect several of them to tap the market over the next couple of months,” Goel said.
He noted that capital raising is expected to be broad-based across multiple sectors, including financial services, healthcare
Sebi comes out with ‘stricter timeline’ for disclosure of material events (13-07-2023)
Capital markets regulator Sebi on Wednesday came out with a “stricter timeline” for disclosure of material events or information by listed companies and introduced criteria for determining the materiality of events.
The new framework will become effective from July 15, the Securities and Exchange Board of India (Sebi) said in a circular.
Under the framework, the regulator asked listed companies to disclose family settlement agreements, which can impact the management and control of such firms to stock exchanges. These agreements need to be disclosed within 12 hours in case a listed entity is a party and within 24 hours where the listed entity is not a party.
Further, for material events or information which emanate from the listed entity, including those related to acquisitions, Scheme of Arrangement, consolidation of shares, and buyback of securities, the timeline for disclosure by the entity has been reduced from 24 hours to 12 hours.
In case of information that emanates from a .
Weekly Nifty Bank F&O contracts will expire on Wednesdays from Sept (13-07-2023)
With the Nifty Bank contracts using Wednesday as the day of expiry, there will be derivatives contracts expiring four days a week
hBits gets Sebi’s nod to launch Rs 500 cr Alternate Investment Fund (13-07-2023)
Startup hBits, a tech-enabled fractional ownership platform, on Thursday said it has received markets regulator Sebi’s approval to set up alternate investment fund of Rs 500 crore for investment in commercial real estate.
hBits helps investors in having fractional ownership of commercial assets. It has so far helped in acquisition of 9 rent-yielding properties.
In a statement, the company said it has obtained regulatory approval from the Securities and Exchange Board of India (Sebi) for its CAT II Alternative Investment Fund (AIF).
“This approval grants hBits the opportunity to establish an AIF fund with a substantial Assets Under Management (AUM) of Rs 500 crore,” it added.
Investors who participate in hBits’ AIF can anticipate an impressive target Internal Rate of Return (IRR) of 18-20 per cent.
CAT II AIF is designed to cater to pan-India Grade-A projects, with a primary focus on commercial real estate assets. This includes a wide range of commercial projects such as offices, .
G20 must join hands to meet challenges from dynamite, metaverse: Amit Shah (13-07-2023)
Warning the global community about security challenges which have evolved from “dynamite to metaverse” and “hawala to crypto currency”, Union Home Minister Amit Shah on Thursday asked G20 member countries to rise above conventional boundaries and share information on real time to check all crimes in the cyber space.
Speaking at the ‘G20 Conference on Crime and Security in the Age of NFTs, AI & Metaverse’, he underlined the threats emanating from cyber criminals using darknet, metaverse, deepfakes, ransomware and toolkit-based misinformation campaigns and strategic targeting of critical information and financial systems.
Without taking names, Shah said some anti-social elements and global forces are using technology to cause economic and social harm to citizens and governments.
“The G20 has so far focused on digital transformation and data flow from an economic perspective, but now it is important to understand the aspects of crime and security, and find a solution,” he said.
Shah .
HPL soars 52% so far in July; firm won smart meter orders worth Rs 903 cr (13-07-2023)
The stock hit a new high of Rs 199.85, rallied 8% in an otherwise weak broader market.
Caution about Bitcoin grows as jump in global markets bypasses crypto (13-07-2023)
The largest digital asset on Thursday mostly held losses of 0.7% from a day earlier, while stocks and bonds extended gains on bets that an end to Federal Reserve monetary tightening is getting closer
Security challenges have evolved from ‘dynamite to metaverse’: Amit Shah (13-07-2023)
Warning the global community about security challenges which have evolved from “dynamite to metaverse” and “hawala to crypto currency”, Union Home Minister Amit Shah on Thursday urged G20 countries to rise above conventional boundaries to act against such crimes.
Speaking at the ‘G20 Conference on Crime and Security in the Age of NFTs, AI & Metaverse’, he underlined the threats emanating from cyber criminals using darknet, metaverse, deepfakes, ransomware and toolkit-based misinformation campaigns and strategic targeting of critical information and financial systems.
“The G20 has so far focused on digital transformation and data flow from an economic perspective, but now it is important to understand the aspects of crime and security, and find a solution,” he said.
Shah said such activities are a national concern as they directly impact national security, law and order, and the economy. If such crimes and criminals have to be stopped, we have to think and act by rising above the ..