Manipal Hospitals said to file $1 billion IPO in January
Manipal Health Enterprises Pvt. is planning to file for a $1 billion initial public offering in January, according to people familiar with the matter, setting the stage for the biggest such listing by a hospital operator in India. The company is targeting a valuation of as much as $13 billion, the people said, asking not […]
Aequs raises ₹414 cr from anchor investors; Vidya Wires ₹90 cr ahead of IPO
Aequs Ltd, precision component manufacturer operating within a single SEZ for the aerospace segment, has set a price band of ₹118-124. IPO bound Meesho on Tuesday raised ₹2,439.54 crore from anchor investors ahead of the IPO opening on December 3. The e-commerce company has allotted nearly 21.98 crore shares to anchor investors at ₹111 a […]
Bajaj Housing Finance shares plunge 9% as promoters plans 2% stake sale
Shares of Bajaj Housing Finance took a sharp hit on Tuesday, plunging nearly 9 per cent, as the market reacted to reports that its promoter, Bajaj Finance, is offloading up to 2 per cent of its stake in a block-deal. It is valued at ₹1,740 crore. Bajaj Finance currently holds 88.70 per cent stake in […]
Rupee slumps 32 paise to all-time low of 89.85 against US dollar in early trade
The rupee depreciated 32 paise to an all-time low of 89.85 against the US dollar in early trade on Tuesday, weighed down by the broad strength of the American currency in overseas markets and persistent foreign fund outflows. Forex traders said strong dollar demand from corporates, importers and foreign portfolio investors pressurised the rupee. Moreover, […]
Indegene IPO shares set to make debut today
Shares of Indegene will be listed at the bourses today. The company has fixed the issue price at ₹452, the upper cand of the price band of ₹430-452. The initial public offering saw a robust response from all category investors, as the issue was subscribed 69.70 times, thanks mainly to qualified institutional buyers. The issue size of […]
Why This Asset and Wealth Management Company is Investment Worthy
Buoyant markets tend to work favourably for those players that are part of the ecosystem. Brokerages, asset and wealth management companies and even private equity/investment players tend to be beneficiaries when markets are on a bull run. Motilal Oswal Financial Services (MOFS) is one such well-entrenched firm that operates across the capital market ambit with […]
DroneAcharya inks pact with CBAI Tech; stock surges over 5%
DroneAcharya Aerial Innovations Ltd has inked an agreement with CBAI Technologies Pvt Ltd for the procurement of 200 type certified training drones over a span of three years. Prateek Srivastava, Founder and Managing Director of DroneAcharya, said, “India is poised to require one lakh drone pilots, triggering a cascade of job opportunities in ancillary fields […]
Broker’s call: ASK Automotive (Buy)
Target: ₹375 CMP: ₹309.20 ASK Automotive (ASK) is the leading manufacturer of 2W brake shoe and drum braking systems with a combined about 50 per cent market share. Despite being a late entrant, the company has emerged as a sizeable player in aluminium light-weighting components (ALP) and safety control cables (SCC) for the 2W segment, where […]
Bengal to allow marginal farmers to sell paddy in boro season to meet PDS needs
In order to meet higher requirement of rice for the public distribution system (PDS), the West Bengal government has decided to allow small and marginal farmers to sell up to 30 quintal of paddy in this boro season. This is the second consecutive boro season during which the state government will be procuring additional paddy from […]
Brigade Enterprises inks joint development agreement with Agni Estates worth ₹400 crore
Brigade Enterprises Ltd inked a joint development agreement with Agni Estates & Foundations Pvt Ltd to develop Brigade Tech Boulevard, a Grade A office space in Chennai. The company informed, with an investment of approximately ₹400 crore, the project will span across two towers and offer a leasable area of 8.36 lakh square feet. This […]