Exicom Tele-Systems Limited’s initial public offering (IPO) is a book-built issue targeting Rs 429 crore. The subscription will commence on February 27, with the anchor book opening on February 26. The IPO includes a fresh issue of 2.32 crore shares valued at Rs 329 crore and an offer-for-sale of 70 lakh shares worth Rs 100 […]
Lunolux, the promoter entity of Eureka Forbes, has divested a 10 percent equity stake in the company through open market transactions on the BSE. According to bulk deals data available on the BSE, Lunolux sold 19,347,924 shares at an average price of Rs 506.06, totaling the transaction at Rs 979.12 crore. As of December 2023, […]
Infrastructure investment trust Bharat Highways InvIT revealed its plans to initiate its initial public offering (IPO) worth Rs 2,500 crore on February 28. The IPO, marking the InvIT’s debut in the public market, will run until March 1, with a price range of Rs 98-100 per unit, as disclosed by Bharat Highways InvIT in an […]
On February 22, Jio Financial Services Ltd saw its stock surge to a record high, marking an almost 5 percent increase and reflecting a notable 26 percent gain over the preceding month. The unit of Reliance Industries closed trading at Rs 303.85 on the National Stock Exchange (NSE), rising by 4.74 percent. In its earnings […]
Angel One announced on Thursday its intention to raise up to Rs 2,000 crore through preferential issue, QIP, or other means. The brokerage, in a filing with the stock exchange, stated that the purpose of this fundraising is to bolster financial flexibility, facilitating business growth, and capitalizing on emerging opportunities within both the existing and […]
Agilus Diagnostics, a Gurugram-based diagnostics firm formerly known as SRL, has opted to withdraw its initial public offering (IPO) plan as of the last week of February, specifically on February 12. The proposed Agilus Diagnostics IPO exclusively comprised an offer-for-sale (OFS) of 1,42,33,964 equity shares by existing shareholders, with no provision for a fresh issue […]
Shares of Rail Vikas Nigam Ltd (RVNL) surged by 12 percent on February 19, propelled by the announcement that its order book had reached Rs 65,000 crore. The state-run company disclosed its intentions to explore opportunities in offshore markets, particularly in Central Asia, the UAE, and Western Asia. During an investors call, top management officials […]
Shares of Dr. Reddy’s Laboratories surged by over 2 percent, reaching a 52-week high of Rs 6,453.95, following a report by CNBC-TV18 suggesting the company’s interest in acquiring Novartis AG’s stake in Novartis India. Dr. Reddy’s management has expressed their keenness in acquiring a domestic-focused portfolio during recent earnings calls, further indicating their potential interest […]
Healthcare Global shares surged over 4 percent to reach a 52-week high on the morning of February 19, following reports of private equity giants EQT (formerly Baring PE Asia-EQT), TPG Capital, and KKR competing for a controlling stake in the cancer hospital chain. According to sources cited by The Economic Times, these three private equity […]
On February 19, Larsen & Toubro (L&T) shares experienced a decline following reports that Saudi Aramco had postponed the bid process for $10 billion worth of orders related to Safaniyah oilfield projects. By 10:50 hours on Monday, L&T’s stock on the BSE was trading 1 percent lower at Rs 3,352. The decline was attributed to […]