The government will sell up to 5% stake sale in the company via an offer for sale (OFS). The OFS will opened on Tuesday and the floor price is fixed at Rs 1,673.
Posts in category Economic Times
Asian stocks slide as tech selloff hurts risk mood (16-10-2024)
Equity benchmarks in Sydney, Tokyo and Seoul all fell, while contracts pointed to declines in Hong Kong. S&P 500 futures were little changed after the benchmark slid 0.8% on Tuesday. Treasuries were steady while oil clawed back some gains in early trading after plunging Tuesday.
Sebi hikes position limits for index F&O (16-10-2024)
The overall position limits for client and proprietary trades, in index futures and options contracts will be set at ₹7,500 crore or 15% of the total open interest or outstanding positions in the market, Sebi said in a circular on Tuesday. This would come into effect immediately.
ABSL’s $300-million fund looks to attract offshore capital (16-10-2024)
ABSL AMC has committed 10% of sponsor capital to its recently launched ₹2,500 crore performing credit fund, with plans to announce a first closure by early 2024.
Ascertis Credit to launch fifth fund, eyes $1 billion raise (16-10-2024)
The firm’s upcoming Fund V is expected to target fundraising, with investments focused predominantly in India, alongside opportunities in Southeast Asia. Ascertis will raise capital from both international and domestic investors. It will deliver returns in the mid-teens from the fund.
Adani Power, Vedanta, JPL, four others in race for Sinnar Thermal Plant (16-10-2024)
Maharashtra state government-owned MAHAGENCO and public sector NTPC have also submitted a joint bid for the plant, which is based near Nashik, two people familiar with the process said.
Adani Green calls off $1.2-billion bond issue (16-10-2024)
The initial price guidance was for a fixed coupon rate of 7% for the 20-year bond. The bond proceeds were expected to help free up funds from an existing $3.4 billion revolving credit facility from banks that it could have in turn used to finance new projects, people familiar with the issue said.
Sebi green lights issues of Sagility, Senores Pharma (16-10-2024)
When a company receives a final observation from Sebi, it’s a signal from the regulator to go ahead with the IPO process.
FPIs raise holdings in 50 SMID Cap stocks (16-10-2024)
According to consensus price target estimates of analysts compiled by Refinitiv, the stock could give a return of 26% over the next year. FPI holding in Heritage Foods increased from 3.32% to 8.26% while Genus Power saw their stakes rise from 2.77% to 7.36%
Hot Stocks: 3 stocks that may give returns between 20-43% (16-10-2024)
Brokerages have initiated coverage on these stocks with buy ratings and project returns of 20% to 43%, as per their analysts’ price targets.