IPO Calendar: 4 new issues, 7 listings to keep primary markets busy next week
The primary market will see four new IPOs opening for subscription next week including three in the SME segment. Apart from these new issues, the Street will also witness 7 listings. Going forward, the primary market momentum for the rest of the year looks strong with some bankers expecting as many as 1,000 IPOs in…
READ MORE
ITC allots 125.11 crore shares of ITC Hotels to shareholders
Kolkata-based conglomerate ITC Ltd. has allotted 125.11 crore equity shares of ITC Hotels to its shareholders. The decision was finalized during a Board meeting on January 11, 2025, following a scheme of arrangement between ITC Ltd. and ITC Hotels (ITCHL). In an exchange filing, ITC stated, “The Board of Directors of ITCHL, at the meeting…
READ MORE
Surya Roshni shares in focus as co to trade ex-bonus today
Shares of Surya Roshni will remain in focus as the company will trade on an ex-bonus basis today. This is also the record date for the company’s 1:1 bonus share issue. βWe wish to inform you that the Company has received in-principle approvals under Regulation 28( 1) of SEBI LODR, 2015, from BSE Limited and…
READ MORE
Vodafone Group clears about Rs 11,650 cr dues to lenders raised against VIL shares
UK-based Vodafone Group has cleared dues of around Rs 11,650 crore or about 109 million pound that it raised against shares of Vodafone Idea, according to a regulatory filing. Vodafone Group had pledged almost the entire stake in VIL to raise the debt. The pledge was created in favour of HSBC Corporate Trustee Company (UK)…
READ MORE
Vodafone PLC exits Indus Towers in Rs 2,800 crore block deal
UK-based telecom operator Vodafone PLC on Thursday completed its exit from Indus Towers by selling a 3% stake in the company for around Rs 2,800 crore in a block deal. The fund raise, Vodafone said, will be used to to repay debt in Vodafone Idea (Vi). Following the block deal, shares of Indus Towers rallied…
READ MORE
Multibagger stock with over 100% returns in a year trades ex-split on Thursday. Do you own?
Shares of multibagger stock Tara Chand InfraLogistic Solutions are likely to remain in focus today as the company had announced a stock split in the ratio 10:2 and fixed December 5 as the record date for determining shareholder eligibility. This means today is the last day to buy the stock to be eligible for the…
READ MORE
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…
READ MORE
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…
READ MORE
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…
READ MORE
PG Electroplast board approves Rs 1,500 crore QIP
The board of PG Electroplast in its Saturdayβs 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. βThe 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…
READ MORE