New Delhi: JSW Energy Limited has raised Rs 5,000 crore by selling shares to institutional investors, including Abu Dhabi Investment Authority (ADIA), to accelerate its growth plans. In a late regulatory filing on Friday, the company informed that it has successfully completed its Rs 5,000-crore Qualified Institutions Placement (QIP). JSW Energy said the proceeds from … Read more
Mumbai: The Tata Trusts and Tata Sons are said to be closely monitoring the Shapoorji Pallonji (SP) Group’s bid to raise ₹20,000 crore from state-run institutions to refinance debt taken against stakes in the Tata Group holding company. The Mistry family-promoted SP Group holds an 18.37% stake in Tata Sons, all of which is pledged … Read more
The shares of Popular Vehicles and Services debuted on the exchanges with a discount of 2% on Tuesday. The stock listed at Rs 289.2 on NSE, compared to an offer price of Rs 295. Meanwhile, the stock listed at Rs 292, down 1% on BSE. Ahead of the listing, the company’s shares had no premium … Read more
Mumbai: Both the management and minority shareholders of India’s leading broking firm, ICICI Securities, are gearing up for the extraordinary general meeting (EGM) scheduled on March 27 for the firm’s delisting. At this meeting, approval for the company’s scheme of arrangements with ICICI Bank will be sought. While the company has engaged the services of … Read more
ET Intelligence Group: Popular Vehicles & Services, a car dealership chain with a presence in Kerala, Tamil Nadu, Karnataka and Maharashtra, is planning to raise up to ₹601 crore from an initial public offering. The amount includes a fresh issue of shares worth ₹250 crore, with the proceeds to be used for the repayment of … Read more
After a successful IPO, the shares of Owais Metal and Mineral Processing debuted on the NSE SME platform on Monday with a premium of 187.4%. The stock was listed at Rs 250 as against an issue price of Rs 87. Ahead of the debut, the GMP of Owais Metal was robust at Rs 140. The … Read more
ET Intelligence Group: Integrated marketing services provider RK Swamy plans to raise up to ₹423.5 crore through an initial public offering (IPO). This includes a fresh issue of ₹173 crore and an offer for sale (OFS) of ₹250.5 crore. Promoters Srinivasan K Swamy and Narasimhan Krishnaswamy and investors such as Evanston Pioneer Fund LP and … Read more
The shares of Thai Casting listed with a premium of 141.4% on the NSE SME platform on Friday. The stock debuted at Rs 185.9 as against an issue price of Rs 77. Ahead of the listing, the company’s shares traded with a premium of Rs 70 in the unlisted market. The IPO, which is an … Read more
Mumbai: BSA, the legendary British motorcycle brand, is set to make deeper inroads in the UK with Mahindra & Mahindra-owned Classic Legends, the brand’s new owner, gearing up to start building a new factory in the UK from the next financial year. These motorcycles will be produced in the UK for the domestic market and … Read more
Reliance Industries became the first Indian company to reach Rs 20 lakh crore in market capitalisation. The energy-to-telecom conglomerate’s market value stood at Rs 20.04 lakh crore ($238.7 billion) on Wednesday, catapulting it into the list of world’s most valuable corporations. Surpassing behemoths like Pepsico, Novartis, Industrial and Commercial Bank of China, and SAP in … Read more
