Posts in category Business Standard
Sebi’s new guidelines on mkt rumour to help in fair pricing of M&A: Experts (22-05-2024)
Sebi's new guidelines for managing stock price impact arising from market rumours will ensure that the share price used in the merger and acquisition (M&A), buyback, and other transactions are not artificially influenced by speculative market activities, experts said on Wednesday.
Market rumours pertaining to a company's business can create significant volatility in stock prices, often leading to transactions that don't reflect a company's true value.
This market rumours could be related to anything, including exiting of top management, cancellation of an order and financial health.
"Sebi's framework addresses this issue by establishing a mechanism to determine the unaffected price -- the price of a stock before the rumour surfaced.
"This price would be used for transactions unless the rumour itself caused price fluctuations in subsequent trading days," Trivesh, Chief Operating Officer of Tradejini, said.
In its circular on Tuesday, Sebi outlined the framework for calculating the
Tata Motors allots 2.39 lakh equity shares under ESOP (22-05-2024)
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Co-working space operator Awfis Space IPO fully subscribed on Day 1 (22-05-2024)
The initial public offer of co-working space operator Awfis Space Solutions got subscribed 2 times on the first day of bidding on Wednesday.
The Rs 599 crore initial share sale received bids for 1,74,46,143 shares against 86,29,670 shares on offer, as per NSE data.
The category for Retail Individual Investors (RIIs) fetched 6.02 times subscription, while the quota for non-institutional investors got subscribed 2.76 times. The portion for Qualified Institutional Buyers (QIBs) received 30 per cent subscription.
The Initial Public Offer (IPO) has a fresh issue of up to Rs 128 crore and an offer for sale of up to 1,22,95,699 equity shares.
The price range for the offer is fixed at Rs 364-383 per share.
Awfis Space Solutions Ltd on Tuesday said it has mopped up a little over Rs 268 crore from anchor investors.
The issue will conclude on May 27.
Promoter Peak XV Partners Investments V (formerly known as SCI Investments) as well as shareholders Bisque Ltd and Link Investment Trust are
Nykaa Q4 PAT soars to Rs 91 cr (22-05-2024)
FSN E-Commerce Ventures (Nykaa) reported consolidated net profit of Rs 90.71 crore in Q4 FY24, steeply higher than Rs 22.75 crore posted in Q4 FY23.
Navneet Education reports standalone net loss of Rs 17.57 crore in the March 2024 quarter (22-05-2024)
Sales rise 6.67% to Rs 385.08 crore
Deep Energy Resources standalone net profit rises 409.09% in the March 2024 quarter (22-05-2024)
Reported sales nil
HEG consolidated net profit declines 67.00% in the March 2024 quarter (22-05-2024)
Sales decline 11.34% to Rs 546.90 crore
Star Cement consolidated net profit declines 8.79% in the March 2024 quarter (22-05-2024)
Sales rise 10.18% to Rs 913.53 crore
FSN E-Commerce Ventures consolidated net profit rises 187.55% in the March 2024 quarter (22-05-2024)
Sales rise 28.14% to Rs 1667.98 crore
Nifty ends near 22600, FMCG shares rally (22-05-2024)
The benchmark indices clawed their way back today, with the Nifty closing near 22,600 despite early weakness. FMCG stocks were the flavor of the day, buoyed by monsoon optimism. Metal and banking shares, however, remained lackluster. The positive momentum comes despite global jitters ahead of the US Fed minutes release. Investors seem optimistic about reduced election worries, but foreign investors remain cautious on the sidelines awaiting the election outcome.