Mahindra & Mahindra Financial Services added 3.57% to end at Rs 332 after the company’s board approved a proposal for issuance of non-convertible debentures of up to Rs 1,250 crore on private placement basis.
Posts in category Business Standard
Casagrand Premier Builder files papers with Sebi for Rs 1,100-cr IPO (23-09-2024)
Real estate developer Casagrand Premier Builder has filed preliminary papers with capital markets regulator Sebi to raise Rs 1,100 crore through an initial public offering (IPO).
The IPO is a combination of a fresh issue of equity shares worth Rs 1,000 crore and an offer for sale (OFS) of stocks valued Rs 100 crore by promoters, according to the draft red herring prospectus (DRHP).
The OFS consists of the sale of equity shares up to Rs 50 crore each by Arun MN and Casagrand Luxor Pvt Ltd.
Besides, the company may consider raising up to Rs 200 crore in a pre-IPO placement round. If such placement is carried out, the fresh issue size will be reduced.
Going by the draft papers filed last week, proceeds from the fresh issue will be used for payment of debt availed of by the company and its subsidiaries as well as for general corporate purposes.
Founded in 2003, the Chennai-based company offers a diverse range of residential projects, including apartments of various sizes and independe
Campaigning for 2nd phase of J&K elections concludes this evening (23-09-2024)
The assembly elections in Jammu and Kashmir are being conducted in three distinct phases. This segmented approach aims to ensure smooth and organized polling across the region. Voter engagement and security remain top priorities as political parties make their final push to win favor among the electorate.
Spicejet jumps after raising Rs 3000 cr via QIP; to accelerates fleet expansion (23-09-2024)
Spicejet rallied 6.23% to Rs 70.28 after the company announced that it has raised Rs 3000 crore through its qualified institutional placement (QIP) at a floor price of Rs 64.79 per share.
Skipper spurts after broker initiates ‘buy’ call (23-09-2024)
Skipper soared 13.73% to Rs 475 after a domestic brokerage initiated coverage on the stock with a ‘buy’ rating and a price target of Rs 600 per share.
M&M Fin Services shares surge after board approves Rs 750 cr fundraise (23-09-2024)
Mahindra and Mahindra Financial Services share price moved up by 3.3 per cent at Rs 331.25 per share on the BSE in Monday’s intraday deals
This Smallcap stock rises over 3% on new launch announcement: details (23-09-2024)
The uptick in the company’s stock price came on the back of the news that the company plans to launch a new line of business in the area of jobs called ‘ManyJobs’
Amber Enterprises zooms 19%, stock hits new peak on strong growth outlook (23-09-2024)
Management remains optimistic about growth in components (including mobility, electronics, and non-RAC components), new customer additions as well as exports in the next 3-4 years.
Artson Engg bags supply order of coke silos from Hindalco Inds (23-09-2024)
Artson Engineering informed that it has received letter of award (LoA) worth Rs 33.33 crore from Hindalco Industries for supplying coke silos.
SBFC Finance soars after ICRA upgrades credit ratings (23-09-2024)
SBFC Finance soared 19.75% to Rs 105.50 after credit ratings agency ICRA upgraded its bank facilities with a ‘stable’ outlook.