Amid stories circulating of an IPO launch for the exchange operator NSE (National Stock Exchange), some offshoot news is also doing the rounds. It seems that institutional investors, doubtful about the proposed IPO move, are divesting their stake in NSE. However, these unlisted shares of this exchange have upped in value to nearly 7%. Take …
Qualcomm Ventures, the investment division of Qualcomm Inc., will divest its 5% stake in MapmyIndia. With this, the company is hoping to gain a return equal to 20 times the weighted average price of Rs. 52 for each share that it presently holds. Qualcomm has remained an investor in MapmyIndia for 13 years. Find more …
The follow on public offer of Ruchi Soya Industries Ltd. was subscribed 3.60 times on 28 March 2022, the final day of bidding. The company offered 4,89,46,260 shares, against which it received a total bid of 17,60,68,935 shares as per the updates available on the official website of NSE. Incorporated in 1986, it is one …
The IPO frenzy of India in 2021 is reaching new heights, with reports from various sources claiming it will hit the Rs. 100 lakh crore mark. After hitting a few snags in the previous financial year due to the Covid-19 outbreak, this is a positive sign. The market, in general, has recovered well, and Sensex …
State-owned Life Insurance Corporation of India (LIC) may invest in online food delivery platform Zomato’s initial public offer, according to news reports. Zomato’s initial public offer has generated a buzz in the recent past, following the announcement of its launch on July 14. The Rs 9,375 crore IPO is the second biggest maiden offer after …
BLS-E Services Limited is a digital service provider that offers Business Correspondence services to major banks in India, Assisted E-Services, and e-government services at the grassroots level in India, debuted on the Indian stock market today. Upon its debut on the BSE, the stock opened at Rs 309 per share, reflecting an impressive 129% premium …
Gabriel Pet Straps Limited specialises in the production and sale of Pet Straps under the brand name Gabriel, catering to the packaging needs of heavy materials, debuted on the Indian stock market today. Upon its debut on the BSE, the stock opened at Rs 115 per share, indicating a remarkable 14% premium compared to the …
Restaurant and Hospitality chain Barbeque Nation had issued preferential equity shares to three investors. Approved by its stakeholder’s relationship committee, the restaurant chain has raised about Rs. 100 crores with this move. This committee, in their recent Saturday meeting, has approved 11,77,855 paid-up equity share allotment with Rs. 5 per share face value. According to …
ITC InfoTech, the wholly-owned subsidiary of ITC Limited, will face a demerger in the coming months. A person close to the company has recently confirmed the same, on the conditions of anonymity. A leading news agency has earlier reported that ITC’s board will meet up to discuss the demerger of its IT services wing. The …
The government is reportedly going ahead with its proposed LIC (Life Insurance Corporation) listing in the last quarter of the fiscal year 2021-22. This comes at a time when the markets have been seeing some volatility. Also, the performance of some big-ticket IPOs has not made an impact on the government’s plans to go ahead …
