Bonus shares are extra shares given to existing shareholders for free, based on how many shares they already own. Companies usually do this to share profits or reserves with shareholders, showing their financial strength and growth potential. For example, in a 1:1 bonus issue, shareholders get one extra share for each share they own. So, …
Shakti Pumps Soars on Bonus Issue Announcement Shakti Pumps (India) Ltd (SPIL), a leading manufacturer of solar pumps, submersible pumps, booster pumps, and other components for solar setups, saw its shares hit a 5% upper circuit limit today. This strong movement came even as the broader market faced significant pressure, with the Sensex and Nifty …
On September 30, 2024, Coal India Limited (CIL) announced a significant policy change that will benefit its customers by implementing uniform interest rates on delayed payments. Effective October 1, 2024, CIL will apply a standardised interest rate on all outstanding receivables, adjustments, and recoverable sums that remain unpaid after the due date. Previously, interest rates …
On September 30, 2024, Interarch Building Products Limited informed the stock exchanges about the acquisition of 51,926 square metres of land in Gujarat for an investment of ₹7 crore. This strategic move is aimed at expanding the company’s national footprint and meeting the growing demand for high-quality pre-engineered buildings in India. The newly acquired land …
On September 30, 2024, Gulf Oil Lubricants India Ltd announced via a stock exchange filing that Gulf Oil International (Mauritius) Inc. sold 2.2 million equity shares, which accounts for 4.47% of the total shares of Gulf Oil Lubricants India Limited. This move aims to improve the free float and liquidity in the secondary market. The …
India is set to see a big jump in its energy needs over the next few years because of its large population and the chance to grow and develop more. India plans to use more green, renewable energy to handle this increase in a way that’s good for the planet. The country aims to have …
On September 30, 2024, Max Estates Limited announced the resounding success of its inaugural residential development in Gurugram, Estate 360. Launched on August 27, 2024, after obtaining RERA registration, the project has garnered pre-sales bookings worth ~₹4,100 crore within just 30 days. This remarkable achievement surpasses the company’s initial guidance of ₹4,000 crore for FY …
IDFC Limited has announced plans to merge its subsidiaries, effective October 1, 2024. The move aims to streamline operations and reduce regulatory burdens. The Board of Directors has approved the amalgamation of IDFC Financial Holding Company Limited (IDFC FHCL) with IDFC Limited, followed by the merger of IDFC Limited with IDFC FIRST Bank Limited. This …
State-owned REC Ltd has successfully raised $500 million through a green dollar bond issuance, a significant step towards supporting various renewable energy projects in India. The 5-year note, with a coupon rate of 4.75%, is set to mature on September 27, 2029. This marks the first US dollar bond issuance by an Indian public sector …
In the power industry, Reliance Infrastructure Limited is well-known, having a sizable portfolio of power generation projects all over India. The business is also interested in developing infrastructure, such as highways, bridges, and metro rail projects. Reliance Infrastructure also engages in construction, concentrating on projects involving residential and commercial real estate.Through its entry into the …
