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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Matrimony.com approves Rs 72 crore share buyback, stock up 3%
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…
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AIA Engineering Rs 500-crore buyback: Last day to buy before record date
The board of AIA Engineering has approved a share buyback of Rs 500 crore at Rs 5,000 per share, a premium of nearly 10% over Friday’s closing price of Rs 4,553. August 20 has been set as the record date. “We wish to inform you that the Board of Directors of the Company, at its…
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Hindustan Zinc OFS: Promoter Vedanta to exercise over subscription option
Metal major Vedanta Limited on Friday said it would exercise the oversubscription option in the ongoing offer for sale (issue) of Hindustan Zinc Limited to the extent of over 1.21 crore equity shares or 0.29% in addition to 5.14 crore equity shares representing 1.22% of the total issued and paid-up equity share capital of the…
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Indus Towers Rs 2,700 crore-share buyback bids open on Wednesday. Check details
Indus Towers, which announced its Rs 2,700 crore-share buyback earlier in July, has opened the bids for the same on Wednesday. The bidding will close on August 21. Eligible shareholders can now bid for the buyback. The last date of completion of settlement of bids will be on or before August 28. “In accordance with…
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