Patient investors could subscribe to GIC’s two-day OFS

Patient investors could subscribe to GIC’s two-day OFS

Retail investors willing to hold General Insurance Corporation (GIC) for at least three years could buy the shares in the ₹4,701-crore offer for sale (OFS) – a route through which promoters sell their stakes – on Thursday. Analysts said investors looking for immediate gains could wait for a breakout before buying the shares. The two-day … Read more

Vedanta garners Rs 3,100 crore from Hindustan Zinc OFS

Vedanta garners Rs 3,100 crore from Hindustan Zinc OFS

Billionaire Anil Agarwal’s Vedanta fell short of meeting its initially targeted proceeds from an offer for sale (OFS) in group entity Hindustan Zinc, with the exercise netting ₹3,100 crore for the resources conglomerate that had first sought to garner up to ₹6,500 crore in stake dilution but later reduced the OFS size. Vedanta sold 63.6 … Read more

Vedanta estimated to have raised Rs 3,200 cr from HZL OFS

Vedanta estimated to have raised Rs 3,200 cr from HZL OFS

Mining conglomerate Vedanta Ltd is estimated to have raised around Rs 3,200 crore from the offer for sale (OFS) of subsidiary Hindustan Zinc Ltd. The offer for sale (OFS) of Vedanta group firm Hindustan Zinc Ltd received a strong response from retail and institutional investors, sources said. Vedanta is estimated to have received around Rs … Read more

JSW Cement files DRHP for Rs 4,000 crore IPO. Check details

JSW Cement files DRHP for Rs 4,000 crore IPO. Check details

JSW Cement, part of Sajjan Jindal’s JSW Group, has filed its draft red herring prospectus (DRHP) with capital markets regulator Sebi to raise funds through an IPO worth Rs 4,000 crore. The issue comprises a fresh equity sale of Rs 2,000 crore and an offer for sale (OFS) of Rs 2,000 crore. Under the OFS, … Read more

Nova Agritech IPO: Should you subscribe to this Rs 144-crore issue?

Nova Agritech IPO: Should you subscribe to this Rs 144-crore issue?

Nova Agritech, a leading agri-input manufacturer specializing in soil health management, crop nutrition, and crop protection products, came out with an IPO. The Rs 144 crore issue, comprising fresh equity issue of Rs 112 crore and an offer-for-sale (OFS) of 77.58 lakh shares, opens today and closes on January 25.Ahead of the IPO opening, the … Read more