Sales rise 44.27% to Rs 7.56 crore
Posts in category Business Standard
Niva Bupa Health Insurance, Paras Healthcare get Sebi’s nod to float IPOs (21-10-2024)
Health insurer Niva Bupa Health Insurance Company Ltd and Paras Healthcare Ltd, which runs the hospital chain under the ‘Paras Health’ brand, have received Sebi’s go ahead to raise funds through Initial Public Offerings (IPOs), an update with the markets regulator showed on Monday.
Niva Bupa Health Insurance Company is looking to garner Rs 3,000 crore through an initial share sale involving fresh issuance of equity shares and Offer for Sale (OFS) component. Paras Healthcare is aiming to raise Rs 400 crore through fresh issuance of equity shares, besides there is an OFS component.
The two companies, which filed their draft IPO papers with the Securities and Exchange Board of India (Sebi) during July-August, obtained its observations on October 18, the update showed.
In Sebi’s parlance, obtaining observation means its go ahead to float the public issues.
The equity shares of both companies proposed to be listed on the BSE and NSE.
Going by the draft papers, the proposed IPO of Niva
Afcons Infrastructure fixes price band of Rs 440-463 per share for IPO (21-10-2024)
Shapoorji Pallonji group firm Afcons Infrastructure Ltd on Monday said it has fixed a price band of Rs 440-463 per share for its Rs 5,430-crore Initial Public Offering (IPO), which will open for subscription on October 25.
The IPO is a mix of fresh issue worth up to Rs 1,250 crore and an offer of sale up to Rs 4,180 crore, Afcons Infrastructure said here.
The issue will close on October 29.
The issue price has been fixed in the range of Rs 440-463 apiece and investors can bid for a minimum of 32 equity shares and in multiples of 32 thereafter, the company said.
The proceeds from fresh issuance to the extent of Rs 80 crore will be utilised for capital expenditure for purchase of construction equipment; Rs 320 crore for funding long term working capital requirements and Rs 600 crore for prepayment or scheduled repayment of a portion of certain outstanding borrowings, among others, it said.
Investors including GIC Singapore, Enam Holdings (Akash Bhanshali), Synergy Capital, 360 One,
Quick Wrap: Nifty Media Index registers a drop of 2.83% (21-10-2024)
Powered by Capital Market – Live News
Pound speculators further reduce net long positions (21-10-2024)
Large currency speculators further reduced net long position in the Pound futures, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Pound futures, traded by large speculators and hedge funds, totaled a net long position of 85802 contracts in the data reported through October 15, 2024. This was a weekly decrease of 7333 net contracts.
CG Power ends lower after Q2 PAT falls over 37% YoY; board OKs Rs 3,500-cr QIP issue (21-10-2024)
CG Power and Industrial Solutions tumbled 5.14% to end at Rs 776.75 after the company reported 37.18% fall in standalone net profit to Rs 223 crore in Q2 FY25 from Rs 355 crore in Q2 FY24.
KPIT Technologies completes 1st milestone of Euro 14.5 million for acquisition of Technica Group (21-10-2024)
Towards variable consideration
Board of CG Power & Industrial Solutions approves further investment for capacity expansion of T3 unit (21-10-2024)
At meeting held on 21 October 2024
MCX hits new peak on healthy Q2 results; stock zooms 406% in 17 months (21-10-2024)
MCX share price has more-than-doubled or soared 129 per cent from its June-month low of Rs 2,917.
IndiaMART InterMESH tumbles after brokerage downgrade (21-10-2024)
IndiaMART InterMESH fell 17.32% to Rs 2494.90 after a foreign broker downgraded the stock from ‘buy’ to ‘underperform’, reducing its target price to Rs 2,540 per share.