Three companies — supermart major Vishal Mega Mart, renewable energy firm ACME Solar Holdings and packaging equipment manufacturer Mamata Machinery — have received Sebi’s clearance to raise funds through initial public offerings (IPOs), an update with the regulator showed on Monday.
On the other hand, the regulator has returned the draft offer document of manpower services company Innovision, whose proposed IPO was a mix of fresh issuance of shares worth Rs 315 crore and an Offer For Sale (OFS) of up to 11.81 lakh shares.
Before that, Hyundai MotorIndia Ltd, the Indian arm of South Korean automaker Hyundai, and food and grocery delivery major Swiggy received Sebi’s nod on September 24 to float IPOs.
Sources had previously stated that the South Korean automaker is looking to raise at least USD 3 billion (about Rs 25,000 crore) through an initial share sale, while the IPO of Swiggy has been pegged at over Rs 10,000 crore.
Going by Sebi’s update on Monday, Mega Mart took the …
Posts in category Business Standard
Vishal Mega Mart, ACME Solar Holdings get Sebi’s go ahead to float IPOs (30-09-2024)
Coal India introduces uniform interest rates on delayed receivables (30-09-2024)
With effect from 01 October 2024
Cummins India launches Retrofit Aftertreatment System for emission control in gensets (30-09-2024)
This highly efficient and indigenously designed retrofit emission control device effectively reduces Particulate Matter (PM), Carbon Monoxide (CO), and Hydrocarbon (HC) emissions from genset exhaust upto 90%. The product is thoughtfully designed to be compact, providing a space saving solution with minimal operational and maintenance expenses.
Board of Indian Oil withdraws proposal for Rs 22,000 cr rights issue (30-09-2024)
At meeting held on 30 September 2024
Sensex drops 1272 pts, Nifty ends below 25,850 amid mixed global cues (30-09-2024)
Domestic equity benchmarks experienced a sharp decline today, mirroring global trends, as tensions in the Middle East escalated. The Nifty50 closed below 25,850, with sectors like auto, banking, and finance bearing the brunt of the sell-off. However, metals and media stocks bucked the trend. Global investors are closely watching US economic data, particularly the jobs report, which could influence the Fed’s interest rate decisions. While China’s market saw a rebound due to stimulus measures, India’s premium valuation and global pressures weighed on its performance. Domestically, investors are looking forward to Q2 earnings reports, hoping for a reversal after a weak Q1.
After board meeting, Indian Oil withdraws Rs 22,000 crore rights issue (30-09-2024)
The decision came after a communication from the Ministry of Petroleum and Natural Gas, which said that no funds had been earmarked for capital support to Oil Marketing Companies in the 2024-25 Budget
Dr Reddys acquires Haleon plc brands in NRT category (30-09-2024)
As part of this acquisition, Northstar Switzerland along with its
wholly owned subsidiaries North Star OpCo Limited (United Kingdom) and North Star Sweden AB (Sweden) are now wholly-owned step-down subsidiaries of the Company with effect from 30 September 2024.
India fiscal deficit in Apr-Aug at 27% of full-year target (30-09-2024)
The Centre’s fiscal deficit at the end of the first five months of the current fiscal touched 27 per cent of the full-year target, government data showed on Monday. In absolute terms, the fiscal deficit — the gap between expenditure and revenue — was at Rs 4,35,176 crore as of August-end, according to data released by the Controller General of Accounts (CGA). The deficit stood at 36 per cent of the Budget Estimates (BE) in the corresponding period of 2023-24.
INR slides amid sharp fall in local equities (30-09-2024)
The Indian rupee depreciated 11 paise to settle at 83.80 (provisional) against the US dollar on Monday, taking cues from equity markets that saw a steep fall of over 1 per cent amid volatile crude oil prices and outflow of foreign funds. However, a weak greenback against major currencies supported the local unit, while investors showed muted participation awaiting cues from domestic macroeconomic data to be released this week. Indian shares fell sharply on Monday even as metal stocks logged strong gains following China’s announcement of several measures to boost its slowing economy over the weekend. A cautious undertone prevailed due to rising tensions in the Middle East. The benchmark S&P/BSE Sensex tumbled 1,272.07 points, or 1.49 percent, to 84,299.78 while the broader NSE Nifty index closed at 25,810.85, down 368.10 points, or 1.41 percent, from its previous close.
Mankind Pharma receives ratings action from ICRA (30-09-2024)
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