UPL shares in focus on plans to raise Rs 3,378 crore via rights issue
Shares of agrochemicals manufacturer UPL are likely to remain in focus on Thursday announced plans to raise up to Rs 3,378 crore through a rights issue priced at Rs 360 per share. The funds will be raised through the issuance of 9.38 crore partly paid-up equity shares. The issue price of Rs 360 represents a…
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CIEL HR Services files DRHP with SEBI, plans to raise Rs 335 crore via fresh issue
Recruitment and staffing services provider CIEL HR Services has filed its draft red herring prospectus (DRHP) with the market regulator, Securities and Exchange Board of India (SEBI), to raise funds through an initial public offering (IPO). The offering includes a fresh issue of shares worth Rs 335 crore and an offer for sale (OFS) of…
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This microcap stock’s 1:8 bonus issue, 1:5 stock split record date tomorrow. Do you own?
Microcap stock Sellwin Traders, earlier in the month of September, had announced a bonus share issue in the ratio 1:8 along with a 1:5 stock split while fixing November 1 as the record date for the purpose. Since November 1 is a market holiday, October 31st becomes the ex-date. This means that in order to…
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PG Electroplast board approves Rs 1,500 crore QIP
The board of PG Electroplast in its Saturday’s meeting approved a fundraise of Rs 1,500 crore by way of qualified institutional placement (QIP) through an issue of equity shares or other convertible securities. “The Company at their meeting held today i.e., Saturday, October 19, 2024 at 10:00 AM concluded at 11:05 AM have inter-alia, considered…
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Zomato shares dip 5% amid fundraise plans via QIP
Shares of the food delivery giant Zomato today fell by 5.4% to their low of Rs 256 on BSE after the company’s board announced a meeting on October 22 to consider the plans to raise funds by issuance of equity shares by way of qualified institutions placement (QIP). The company announced QIP after market hours…
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Multibagger small cap 2:1 stock split record date tomorrow. Last chance to buy
The board of small cap company Pondy Oxides and Chemicals had announced a stock split in the ratio 2:1, for which they had fixed October 16 as the record date, which means today is the last date to buy the shares of the company to be eligible for the benefit of the stock split. “The…
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PC Jewellers shares rise 4% on considering stock split in upcoming board meeting
Shares of PC Jewellers today surged 4% to its new all-time high of Rs 157.30 on BSE after the company on Tuesday announced that it will consider and approve a stock split in its upcoming board meeting scheduled on September 30. “A meeting of the Board of Directors of the Company will be held on…
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Reliance Power shares hit 5% upper circuit to fresh high ahead of board meeting
Shares of Reliance Power surged 5% in an early trading session today to hit its upper circuit and a new 52-week high of Rs 38.16 on BSE ahead of the company’s board meeting scheduled later today for considering fundraise plans. “We wish to inform you that a meeting of the Board of Directors of the…
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Reliance Infrastructure shares rally 12% to 52-week high on shareholders’ nod for Rs 3,000 crore QIP
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…
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Sebi exempts Spice Healthcare from making open offer for SpiceJet shareholders
Markets regulator Sebi has exempted Spice Healthcare Pvt Ltd from making an open offer to SpiceJet shareholders in relation to acquisition of additional shares in the airline. On conversion of warrants that were issued to it, Spice Healthcare, a promoter group entity, would be acquiring an additional 13,14,08,514 equity shares in the airline. In this…
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