Paras Defence and Space Technologies Limited’s IPO saw overwhelming response from all the category of investors. It received bids of 2,17,26,31,875 shares against the offered 71,40,793 equity shares, as per the 5:00 pm data available on the bourses. The portion reserved for the Non-Institutional Investor category was subscribed 927.70 times and the retail investors was […]
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Centre reviews disposal of iron ore fines by SAIL and NMDC; Stocks tumble
The Union Steel Minister, Ram Chandra Prasad Singh chaired a review meeting on the status of the Disposal of Iron Ore fines by Steel CPSEs with the representative of Steel CPSEs viz. Steel Authority of India Ltd. (SAIL) and National Mineral Development Corporation (NMDC) along with officials in the Ministry of Steel. Singh stated that […]
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Bharti Airtel’s Rs21,000cr rights issue to open on Oct 05
Bharti Airtel has its fixed record date for the Rs21,000cr rights issue. The company’s Special Committee of Directors for Rights Issue (‘Committee’) has approved the issuance of 392,287,662 Rights Equity shares for an amount aggregating up to Rs20,987.39cr. The floor price for the rights issue is set at Rs535 per equity share. The company has […]
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HDFC Bank stock jumps 2% after clarifying on fundraising of Rs5,000cr via infra bonds
Private lender, HDFC Bank stock was near the day’s high on Thursday after clarification on a buzz that said the bank was planning to raise a whopping Rs5,000cr through the issuance of infra bonds. The lender has neither denied nor approved the buzz. At around 1.23 pm, HDFC Bank was trading at Rs1562.75 per piece […]
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Paras Defence IPO issue subscribed 40.48 times on Day 2
Paras Defence and Space Technologies Limited (“Company”); one of the ‘Indigenously Designed Developed and Manufactured Company’ (“IDDM”) category private sector companies in India, primarily engaged in designing, developing, manufacturing and testing a wide range of defence and space engineering products and solutions, IPO was oversubscribed by 40.48 times on day 2. The portion reserved for […]
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Godrej Properties records sales of Rs575cr in a single day on second phase launch of Godrej Woods project; Stock hits new high
Godrej Properties has achieved sales of a whopping Rs575cr in a single day at the launch of the second phase of its project Godrej Woods in Noida. The Mumbai-based real estate developer received an overwhelming customer response to its unique forest-themed phase named Evergreen taking total sales in the project in the past 6 months […]
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Zee Entertainment board approves merger with Sony Pictures, Punit Goenka to remain MD and CEO; Stock skyrockets 25%
Zee Entertainment Enterprises (ZEEL) board of directors on Wednesday gave in-principle approval for the merger between the company and Sony Pictures Networks (SPNI). The merger is in line with Zee’s strategy of achieving higher growth and profitability as a leading Media & Entertainment Company across South Asia. Under the agreement, the shareholders of Sony Pictures […]
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Paras Defence IPO subscribed 16.53 times on Day 1
Paras Defence and Space Technologies Limited primarily engaged in designing, developing, manufacturing and testing of a wide range of defence and space engineering products and solutions, has a strong start, with demand being led by retail investors. The IPO was oversubscribed by 16.53 times on day 1. The company has raised Rs51cr towards the Anchor […]
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Kitex Garments signs MoU with Telangana Govt to invest Rs2,406cr in a textile and industrial park; Stock rises
Kitex Garments has signed the Memorandum of Understanding (MoU) with Telangana State Government for investing Rs. 2,406 crores in the state of Telangana. The investment is planned at Kakatiya Mega Textile Park, Warangal and Industrial Park, Sitarampur, Rangareddy District. Under the Kakatiya Mega Textile Park, Warangal, the company plans to invest Rs1,113cr. The company will […]
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Yes Bank partners with Visa to issue credit cards on payment network
Private lender, Yes Bank has partnered with Visa to offer credit cards to its customers on the payment platform. With the tie-up, the Bank commences issuance of select credit card variants, consumer as well as commercial, on Visa’s payment network – the transition has been achieved within a record time of fewer than 60 days, […]
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