Shares of Anil Ambani’s Reliance Power witnessed some profit booking in today’s session, falling by 4.6% to its day’s low of Rs 44.22 on the BSE ahead of its Board meeting scheduled on October 3. Reliance Power shares broke their 8-day winning streak in today’s session. Reliance Power shares have been in focus after the … Read more
Shares of Reliance Infrastructure today rallied 12.4% to its new 52-week high of Rs 320 on BSE after the company’s board approved raising of Rs 3,014 crore by preferential issue of up to 12.56 crore shares and convertible warrants at a price of Rs 240 apiece. “We hereby inform you that the Board of Directors … Read more
The board of Matrimony.com has approved a share buyback of Rs 72 crore at a price of Rs 1,025 per share, which is a 27.5% premium over Thursday’s closing price. Following the announcement, the stock surged 3% to a day’s high of Rs 829.55. “Board approved the proposal of buyback of 7,02,439 fully paid-up equity … Read more
Shareholder lock-ins worth $21 billion in 38 companies will be lifted between today and November 30. The value pertains to the opening of total locked-in shares but it is important to note that not all of these shares will come for sale as a sizeable portion of these shares are also held by promoters and … Read more
Adani Energy Solutions launched a qualified institutional placement (QIP) on Tuesday to raise $1 billion (₹8,373 crore), showed a term sheet issued by the bankers. The issue comprises a base deal of up to ₹5,861 crore ($700 million) and a greenshoe option to upsize by up to an additional ₹2,512 crore ($300 million). The company … Read more
The board of directors of the state-owned company NTPC on Saturday declared August 7 as the record date for the purpose of determining the eligible shareholders for the final dividend of Rs 3.25 per share. “It is hereby informed that the Company has fixed Wednesday, 7th August, 2024 as Record Date for the purpose of … Read more
Telecom company Vodafone Idea (Vi) has said that its board will meet on Thursday to consider issuing equity shares or convertible securities on a preferential basis to its vendors. Experts say this move likely is a way to fully or partly pay off its dues to vendors such as Indus Towers. “…a meeting of the … Read more
After jumping 435% in one year, the board of multibagger stock KPI Green Energy today announced a stock split in the ratio 1:2, meaning that one equity share of the company will now be split into 2 equity shares. “The Board of Directors, inter alia, has considered, approved and recommended ordinary resolution through postal ballot … Read more
Shares of Bajaj Consumer Care plunged over 8% to Rs 238 in Thursday’s trade on BSE after the firm reported a 12% year-on-year (YoY) decline in net profit for Q4 FY24. Additionally, the company also approved a buyback proposal. The company on Wednesday reported a consolidated net profit of Rs 35.58 crore for the March-ended … Read more
The initial public offer (IPO) of Popular Vehicles opened for subscription today. Ahead of the issue opening, the company has raised Rs 180 crore from anchor investors. The IPO, which closes on March 14, is a combination of fresh equity issue of 84 lakh shares and an offer for sale (OFS) of 1.19 crore shares, … Read more
