This will be India’s largest public issue, surpassing the previous record set by the ₹21,008-crore public issue of the state-owned Life Insurance Corporation of India in May 2022.
Posts in category Economic Times
RBI grants white-label ATM licence to Mumbai-based EPS (08-10-2024)
Mumbai-based EPS is backed by investors like the UK’s Apis Partners and Dutch Entrepreneurial Development Bank FMO. The licence has made it the country’s fifth white-label ATM operator alongside Tata Communications Payment Solutions, India1 Payments, Hitachi Payment and Vakrangee. The RBI had last issued this licence in 2014 to India1 Payments. Earlier, three other companies had surrendered their licences.
Swiggy delivers $271 million Esops to top executives (08-10-2024)
Of this, the food and grocery delivery major’s founder and group CEO Sriharsha Majety gets $200 million worth Esops. The Esop 2024 scheme comes with a vesting period of one to eight years from the date of the grant.
Edelweiss Financial announces Rs 200 crore NCDs with up to 11% annual yield (08-10-2024)
Edelweiss Financial Services announced a public issue of Rs 200 crore secured redeemable non-convertible debentures offering up to 11% yield. The issue opens on October 7 and closes on October 18. Funds will be used for repayment of existing borrowings and general corporate purposes.
Ahead of Market: 10 things that will decide stock action on Wednesday (08-10-2024)
Indian indices rose on Tuesday after a six-session losing streak. Investors await RBI’s policy decision on Wednesday. Analysts predict a bullish trend in the near term, with support at 24,850 and resistance at 25,350-25,400.
Market Trading Guide: IHCL, IPCA Labs and this smallcap counter are stock recommendations for Wednesday (08-10-2024)
Indian indices rebounded on Tuesday after six days of losses, driven by HDFC Bank and Reliance Industries. The Sensex gained 584 points and Nifty gained 217 points. Nifty formed a bullish harami pattern, indicating rising optimism.
India’s Adani Green units plan to raise up to $1 billion in dollar bonds, bankers say (08-10-2024)
Four subsidiaries of India’s Adani Green Energy plan to raise up to $1 billion by issuing U.S. dollar-denominated bonds, two merchant bankers involved in the deal said on Tuesday.
These 11 smallcap stocks hit 52-week highs, rallied up to 45% in a month (08-10-2024)
The Sensex gained 585 points on Tuesday, closing at 81,635. 11 smallcap stocks hit their 52-week highs, suggesting strong performance and potential for future growth.
Sebi outlines specific due diligence of investors, investments of AIFs (08-10-2024)
Sebi has instructed Alternative Investment Funds to carry out due diligence on investors and investments to ensure compliance with laws and prevent illegal activities. This includes special checks for investments from countries bordering India and contributions over 50 percent. AIFs must report the status of existing investments by April 7, 2025.
Hindenburg Research discloses short position on Roblox, alleging inflated metrics (08-10-2024)
Hindenburg Research disclosed a short position in Roblox, claiming the gaming platform falsely inflated user metrics, including daily active users (DAUs), which may include bots or alternate accounts. Roblox shares fell 9.2% after the short seller accused the company of misleading investors and regulators.