BSE changes Jio Financial Services stock price band to 20% from 5%
[ad_1] Leading stock exchange BSE has revised the circuit limit of Jio Financial Services, the demerged non-banking financial services unit of Mukesh Ambani-led Reliance group, to 20 per cent from the existing 5 per cent. The new limits will be effective from Monday, September 4, according to a notification issued by BSE. The move would […]
IndiaMART InterMESH Buyback: Why You Are Better Off Tendering Your Shares
[ad_1] The buyback of IndiaMART InterMESH (Indiamart) which opened on August 31, is open till September 6 – Wednesday. The buyback is via tender offer route, and record date is August 25 – ie investors who had the shares in their demat account by end of August 25 are eligible to participate. Promoters will also […]
Warburg Pincus arms sells 4.2% in IDFC First Bank
[ad_1] Warburg Pincus affiliate Cloverdell Investment on Friday sold a 4.2 per cent stake in IDFC First Bank. According to a bulk deal data on the BSE, Cloverdell sold about 27.87 lakh shares at an average price of ₹89. As of the June quarter, Cloverdell held about 7.12 per cent stake or 47.17 crore shares […]
BSE hikes buyback offer price to ₹1,080 crore
[ad_1] BSE, the country’s oldest stock exchange, has revised the buyback offer price to ₹1,080 a share against ₹816. The revised offer size has been fixed at ₹375 crore and the it will close on September 14. The exchange intends to buyback 34,70,370 equity shares, representing 2.56 per cent of the paid-up equity capital of […]
MFs’ investment in NBFC CPs crosses ₹1 lakh crore for the first time since August 2019
[ad_1] Mutual funds’ investment in commercial papers (CPs) issued by non-bank financial companies (NBFCs) crossed the ₹1 lakh crore mark for the first time in July 2023, since August 2019. Fund houses had deployed ₹1.05 lakh crore in CPs of NBFCs, accounting for 5.5 per cent of their total debt investments as of the end […]
Why a demat account is important for investments, and how to open one
[ad_1] In the dynamic world of finance and investment, the demat account stands as a crucial bridge between traditional paper-based securities and the modern digital age. A demat account, short for dematerialised account, has transformed the way investors trade, hold, and manage their securities. This piece aims to unravel the intricacies of a demat account, […]
SAT not happy with SEBI’s order against Punit Goenka
[ad_1] The Securities Appellate Tribunal (SAT) on Wednesday said that it is ‘not satisfied’ with the Securities and Exchange Board of India’s (SEBI’s) recent confirmatory order against Zee’s former MD CEO, Punit Goenka, that barred him from holding any key managerial position in Zee group companies. SEBI’s confirmatory order from August 14 has essentially barred […]
Stocks that will see action today: August 30, 2023
[ad_1] Zomato to be in spotlight on media reports indicating stake sale. SoftBank Vision Fund (SVF Global) is likely to offload 1.17 per cent stake (10 crore shares) in Zomato for Rs 940 crore via a block deal at Rs 94 a share. Mumbai Metro One Private Limited (MMOPL), a joint venture of Reliance Infrastructure Limited with […]
Metal stocks drive Indian shares higher
[ad_1] Benchmark indices ended marginally higher on Tuesday, driven by gains in metal stocks on expectations of demand recovery in top consumer China. The Nifty 50 index settled 0.19 per cent higher at 19,342.65 at 3:30 pm, while the BSE Sensex gained 0.12 per cent to 65,075.82. Eight of the 13 major sectoral indexes logged […]
Bharat Forge’s shares rise on securing contract worth ₹287 crore
[ad_1] Bharat Forge Ltd.’s shares were up by 2.58 per cent after the company reported that Kalyani Rafael Advanced Systems Private Limited, a joint venture between Kalyani Strategic Systems Limited (a wholly owned defence subsidiary of Bharat Forge Limited) and Rafael Advanced Systems Limited of Israel, has secured a contract valued at Rs 287.51 crore. […]