360 ONE WAM informed that a meeting of its board is scheduled to be held on Thursday, 19 September 2024, to consider the proposal of funds raising by way of issue of equity shares through various options, including through a qualified institutions pl
Posts in category Business Standard
CDSL appoints Nehal Vora as MD & CEO (14-09-2024)
Central Depository Services (India) (CDSL) informed that its board has approved the appointment of Nehal Vora as the managing director (MD) & chief executive officer (CEO) for a term of five years effective from 18 September 2024.
Gold prices climb Rs 10 to Rs 74,460, silver jumps Rs 100 to Rs 89,600 (14-09-2024)
The price of 22-carat gold rose Rs 10, with ten grams of the yellow metal selling at Rs 68,260
Mutual funds betting big on recently listed and new-age companies (13-09-2024)
PB Fintech and Delhivery were also among the top 15 most bought stocks, as per an analysis by Nuvama Alternative & Quantitative Research
Sebi launches centralized fee collection for investment advisers, analysts (13-09-2024)
Market regulator Sebi on Friday announced rolling out a new system — Centralized Fee Collection Mechanism — to facilitate collection of fees by Investment Advisers (IAs) and Research Analysts (RAs) from their clients on an optional basis.
Under this mechanism, clients will pay fees to IAs/RAs, through a designated platform or portal administered by a recognised Administration and Supervisory Body (ASB), the regulator said in a circular.
The move came in response to the growing interest in the securities market and the need for greater transparency in fee payments.
The markets regulator said that BSE would specify the operational framework for the mechanism on or before September 23 and make the mechanism operational from October 1.
The mechanism has been co-created by BSE Ltd with the help of various stakeholders.
While using this mechanism is optional, Sebi asked ASB to take steps to encourage clients and the registered IAs and RAs to avail the services of this mechanism.
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Northern Arc Capital gets Rs 229 cr from anchor investors ahead of IPO (13-09-2024)
According to a circular uploaded on BSE’s website, the company has allotted 8.702 mn equity shares to 15 funds at Rs 263 apiece, which is also the upper end of the price band
Arkade Developers raises Rs 122 cr from anchor investors ahead of IPO (13-09-2024)
Realty firm Arkade Developers Ltd has raised Rs 122.40 crore from anchor investors ahead of its initial public offering.
On Tuesday, the company had fixed a price band of Rs 121-128 per share for its Rs 410-crore initial public offering.
The initial share sale will open for public subscription on September 16 and conclude on September 19.
According to a regulatory filing, the company has issued 95,62,500 shares to anchor investors at Rs 128 per share, aggregating to Rs 122.40 crore.
These investors include BNP Paribas Financial Markets — ODI, Societe Generale-ODI and Saint Capital Fund.
The IPO is entirely a fresh issue of equity shares worth Rs 410 crore with no offer-for-sale (OFS) component.
Proceeds from the issue will be used for development of the company’s ongoing as well as upcoming projects, funding acquisition of future real estate projects and general corporate purposes.
Arkade Developers is a fast-growing real estate development company with a significant presence i
Zydus enters into exclusive licensing and supply agreement with Viwit (13-09-2024)
For generic versions of GADAVIST™ and DOTAREM
LTIMindtree receives affirmation in issuer ratings (13-09-2024)
From India Ratings and Research
Bajaj Finance now holds 88.75% stake in Bajaj Housing Finance (13-09-2024)
Allotted 50,85,71,428 equity shares of Rs. 10 each to successful Bidders, which were issued for subscription pursuant to the Fresh Issue; and