This is the second such buyback operation done by the central bank this month. This auction, along with the one last week, was one of the most successful buyback auctions conducted by the RBI since it resumed such operations in May this year, after a gap of six years.
Posts in category Economic Times
New liquidity window may not boost retail play in corporate bonds (18-10-2024)
These latest guidelines provide an issuer with flexibility on the quantum of their buyback and what kind of investors they want to buy it back from. Sebi noted that issuers can give investors ‘put options’ that are exercisable on pre-specified dates or intervals.
Vishal Mega Mart updates IPO papers (18-10-2024)
The company retails apparel, general merchandise and fast-moving consumer goods through 626 stores and online and mobile channels.
Adani Enterprises raises $500 million through QIP issue (18-10-2024)
Adani Enterprises has allocated 1.42 crore shares to investors at ₹2,962 per share. Quant Mutual Fund, Winro Commercial (India), Tree Line Asia Master Fund and SBI Life Insurance Co are among those who have subscribed to the QIP.
Axis Bank beats Street with 18% Q2 net rise, cites ‘tough variables’ (18-10-2024)
Net interest income – the difference between interest earned on loans and that paid on deposits – a key source of income for banks, grew 9% year-on-year to ₹13,483 crore. Net interest margins for the September quarter basis eased to 3.99% against 4.11% a year ago.
Bajaj Auto wheels in caution, drags festive mood, its stock & peers (18-10-2024)
The Nifty Auto index fell 3.5% while the benchmark Nifty ended 0.89% lower. All 15 stocks constituting the index closed lower on Thursday. Analysts said higher sales volumes typically mark the festival season for automobile manufacturers, but Bajaj Auto’s lower-than-expected growth estimates surprised investors.
Institutional demand helps Hyundai cross the IPO line (17-10-2024)
Investors placed bids for 236 million shares worth ₹46,320 crore in the issue, against the 99.8 million shares worth ₹19,555 crore (excluding anchor allotment) offered by Hyundai Motor India’s South Korean promoters. Earlier this week, the company raised ₹8,315 crore (roughly 30% of the IPO size) as part of the anchor allotment from 225 institutional investors.
Adani Enterprises’ QIP sees healthy demand, Rs 4,200 crore raised through issue (17-10-2024)
Adani Enterprises has raised nearly Rs 4200 crore through a qualified institutional placement. The QIP saw significant demand, with bids exceeding four times the deal size. The funds will be utilized for capital expenditure, debt repayment, and general corporate purposes. The company’s focus spans airports, roads, new energy ecosystems, and data centers.
Adani Enterprises’ QIP sees healthy demand, Rs 4,200 crore raised through issue (17-10-2024)
Adani Enterprises has raised nearly Rs 4200 crore through a qualified institutional placement. The QIP saw significant demand, with bids exceeding four times the deal size. The funds will be utilized for capital expenditure, debt repayment, and general corporate purposes. The company’s focus spans airports, roads, new energy ecosystems, and data centers.
Ahead of Market: 10 things that will decide stock action on Friday (17-10-2024)
Indian indices fell for a third consecutive session, dragged by Bajaj Auto’s weak festive sales warning and concerns over high valuations and foreign fund outflows. Sensex fell 495 points, and Nifty declined 221 points. Analyst Rupak De of LKP Securities said that the Nifty has found initial support in the 24,700–24,750 zone. A fall below 24,700 could lead to a significant correction in the market.