Shares of agrochemical firm, UPL gained up to 3 per cent at Rs 563.30 a piece on the BSE in Thursday’s intraday deals
Posts in category Business Standard
Auto component maker Belrise Industries files for Rs 2,150 crore IPO (21-11-2024)
Automotive component maker Belrise Industries has filed preliminary papers with capital markets regulator Sebi to raise Rs 2,150 crore through an initial public offering (IPO).
The IPO is entirely a fresh issue of equity shares with no offer for sale (OFS) component, according to the draft red herring prospectus (DRHP).
The company may consider raising up to Rs 430 crore through a pre-IPO placement. If this is carried out, the issue size will be reduced.
As per the draft papers filed on Tuesday, the company intends to utilise proceeds worth Rs 1,618 crore for payment of debt.
The company has a borrowing of Rs 2,463 crore in its books as of June 2024.
Belrise Industries is an automotive component manufacturing company based in India offering a diverse range of safety critical systems and other engineering solutions for two-wheelers, three-wheelers, four-wheelers, commercial vehicles and agri-vehicles.
As of June 2024, it marketed its products both domestically and internationally,
Energy stocks edge lower (21-11-2024)
Energy stocks were trading in red, with the BSE Energy index decreasing 149.39 points or 1.37% at 10784.58 at 13:41 IST.
Utilties stocks slide (21-11-2024)
Utilties stocks were trading with losses, with the BSE Utilities index decreasing 160.81 points or 2.8% at 5573.96 at 13:41 IST.
FMCG shares slide (21-11-2024)
FMCG stocks were trading with losses, with the BSE Fast Moving Consumer Goods index falling 303.6 points or 1.47% at 20312.7 at 13:41 IST.
This microcap stock jumped 11% to 52-week high ahead of ex-dividend date (21-11-2024)
Premco Global has announced a special dividend of Rs 39 per share of Rs 10 each (390 per cent) for the financial year 2024-2025
Here’s why Zaggle Prepaid shares were locked in 5% upper circuit today (21-11-2024)
The Zaggle share price rose after the company announced that it has entered into an Supplier Framework Agreement with Strada India Private Limited
BSE SME Mangal Compusolution slips on debut (21-11-2024)
Shares of Mangal Compusolution were trading at Rs 42.75 on the BSE, a discount of 5% compared with the issue price of Rs 45.
Indices trade with substantial losses; Adani Ent drops over 19% (21-11-2024)
At 13:28 IST, the barometer index, the S&P BSE Sensex, declined 433.15 points or 0.56% to 77,145.23. The Nifty 50 index lost 170.30 points or 0.72% to 23,348.20.
Power Grid shares charge on securing power transmission project in Gujarat (21-11-2024)
Shares of Power Grid Corporation India gained up to 2.58 per cent at Rs 323.20 a piece on the BSE in Thursday’s intraday