Share Market - Angel One - Page 129

Indian Energy Exchange Limited (IEX) announced robust financial results for the quarter ended June 30, 2024 (Q1 FY25), marked by record-breaking power demand and increased trading volumes. Trading Volume and Revenue Surge The exchange witnessed a significant 21.1% year-on-year (YoY) growth in total trading volume, reaching 30.4 billion units (BUs). This surge was driven by …

The State Bank of India was founded on July 1, 1955, and has been successfully operating for the past 69 years. It has 22,219 branches and 62,617 ATMs in India, along with 229 branches in 31 countries internationally.  The State Bank of India (SBI) has signed a non-binding Memorandum of Understanding with the UK’s Foreign, …

Dish TV India Ltd. has announced plans to raise Rs.1,000 crore through the issuance of various securities. The company has not yet finalized the method for raising capital but is considering a range of options including equity shares, convertible bonds, debentures, warrants, preference shares, and foreign currency convertible bonds. These could be issued through preferential …

Radhakishan S. Damani, the founder of DMart, made a major move yesterday by divesting a stake worth Rs.142 crore in VST Industries Ltd. The sale was executed through open market transactions by two of his investment arms. Derive Trading and Resorts Pvt. sold a 1.7% stake, translating to 2.62 lakh shares, at Rs.4,102 per share, …

Lemon Tree Hotels has announced the signing of its latest property, Keys Prima by Lemon Tree Hotels, in Kota. Managed by Carnations Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited, the hotel is slated to open in FY 2025. Kota, located along the Chambal River in Rajasthan, is a city renowned for …

According to people with knowledge of the situation, the foreign portfolio investor, acting through Maple II BV, has suggested selling Rs. 4.78 crore shares at a floor price of at least Rs. 226 each, less 5%. This transaction is valued at Rs 1,081 crore. IIFL Securities Ltd. has been appointed as the exclusive broker for …

Ramkrishna Forgings Limited announced on July 24, 2024, its decision to acquire Resortes Libertad S.A. DE C.V., based in Mexico. This strategic move marks a significant step in the company’s global expansion strategy. Strategic Rationale The acquisition is aimed at establishing machining facilities in Mexico. A 10-year take-or-pay agreement with a North American customer, valued …

The full-service and integrated diagnostic chain Suraksha Diagnostic Limited has filed the Draft Red Herring Prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to float an Initial Public Offering (IPO). Suraksha Diagnostic IPO is entirely an offer-for sale comprising 1,91,89,330 equity shares of face value ₹2 each. Suraksha Diagnostic has …

SIS Ltd, a leading security solutions provider, announced its financial results for the quarter ended June 30, 2024 (Q1 FY25). While revenue witnessed growth, profitability faced headwinds due to operational challenges. Revenue Growth, Margin Pressure The company recorded a 5.1% YoY increase in revenue to ₹3,129.9 crore during Q1 FY25. However, EBITDA margin contracted to …

ICICI Lombard General Insurance Company Limited announced a strategic investment in Bajaj Finance Limited on July 24, 2024, by acquiring a 0.04% stake for a cash consideration of ₹1.60 billion. This acquisition was finalised on the same day. Strategic Alignment While the specific rationale behind this investment has not been explicitly outlined, it is likely …