Has the Federal Reserve Pulled Off a Soft Landing? (19-09-2024)
Investors have sent stocks and bonds higher on expectations of a soft landing. But some Republicans think the central bank overstepped its bounds.
LIC earmarks Rs 600 crore for digital shift (19-09-2024)
State-run Life Insurance Corporation of India (LIC) has committed Rs 600 crore for its digital transformation journey, Sunder Krishnan, chief risk officer said on Wednesday. The insurance giant is also aiming to become completely “paperless” in two years. “We have hired a large system integrator for more than Rs 400 crore, a consultant for digital transformation for Rs 100 crore, and Rs 100 crore for agency transformation.
Reliance Infrastructure seeks shareholders’ nod to raise Rs 3,000 crore via QIP (19-09-2024)
Reliance Infrastructure approved raising Rs 3,014 crore through a preferential issue to promoter group companies and other investors. The company also seeks shareholder approval for a QIP of up to Rs 3,000 crore.
Northern Arc Capital IPO subscribed 110.71 times on offer’s closing day (19-09-2024)
The initial public offering (IPO) of non-banking financial institution Northern Arc Capital Ltd received 110.71 times subscription on the closing day of the share sale on Thursday.
The Rs 777-crore share sale received bids for 2,37,79,44,639 shares against 2,14,78,290 shares on offer, as per NSE data.
The quota for Qualified Institutional Buyers (QIBs) got subscribed 240.79 times, while non-institutional investors subscribed the offer 142.28 times. The category for retail individual investors (RIIs) fetched 30.74 times subscription.
Northern Arc Capital on Friday said it has collected Rs 229 crore from anchor investors.
The Rs 777-crore IPO of the Chennai-based company has a price range of Rs 249-263 per share.
The IPO is a combination of a fresh issue of equity shares valued at Rs 500 crore and an offer for sale (OFS) of up to 1,05,32,320 equity shares worth Rs 277 crore, at the upper end of the price band, by investor shareholders. This aggregates the issue size to Rs 777 …
Arkade Developers IPO gets subscribed 106.40 times on offer’s last day (19-09-2024)
The initial share sale of Arkade Developers got subscribed 106.40 times on the last day of the offer on Thursday.
The Rs 410-crore initial share sale received bids for 2,52,97,38,200 shares against 2,37,75,719 shares on offer, according to data available with the NSE.
Qualified institutional buyers subscribed the offer 163.16 times while the quota for non-institutional investors fetched 162.75 times subscription. The portion for retail individual investors received 50.65 times subscription.
The initial public offering (IPO) of Arkade Developers Ltd got fully subscribed on the first day of the share sale on Monday and ended the day with 5.79 times subscription.
The realty firm has raised Rs 122.40 crore from anchor investors.
The company has fixed a price band of Rs 121-128 per share for its Rs 410-crore IPO, which 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 the development of the ..
What to Know About Trump Media Stock and Shareholders as Lockup Expires (19-09-2024)
Donald J. Trump, the company’s largest shareholder, has said he won’t sell when a lockup agreement expires on Thursday. But other large investors could.
SEBI bans Axis Capital from managing debt issues (19-09-2024)
SEBI has restrained Axis Capital from taking up new assignments as a merchant banker, arranger or underwriter for any issue or offer-for-sale of securities in the debt segment