Inox wind arm Inox Green Energy Services' board on Monday approved a proposal to raise Rs 900 crore through an initial public offer (IPO). The proposed IPO will comprise fresh issuance of equity shares aggregating up to Rs 500 crore and an offer for sale (OFS) of equity shares by certain shareholders to the tune [...]
Shares reserved for Qualified Institutional Buyers (QIB), including banks and mutual funds in the LIC's public offer were subscribed fully on Monday morning, taking the overall subscription of the issue to a little over 2 times. Against 3,95,31,236 reserved, 4,61,62,185 bids were received, reflecting a subscription of 1.17 times, according to data posted on stock [...]
Shares of athleisure footwear company Campus Activewear Ltd made a healthy market debut on Monday, jumping over 23 per cent, against the issue price of Rs 292. The stock listed at Rs 355, registering a premium of 21.57 per cent, against the issue price on the BSE. It further zoomed 26 per cent to Rs [...]
New Delhi, May 8 (PTI) The government is likely to invite financial bids for Shipping Corporation of India by September, after the process of demerger of non-core assets is completed, an official said. As part of the strategic-sale process, the government is hiving off Shipping House and the training institute and some other non-core assets [...]
New Delhi, May 7 (PTI) Shares reserved for non-institutional investors, including high networth individuals, in the LIC's public offer were subscribed fully on the fourth day on Saturday, taking the overall subscription of the issue to 1.66 times. A total of 3,21,59,055 bids were received for 2,96,48,427 shares reserved for NIIs, reflecting a subscription of [...]
Chennai, May 7 (PTI) Public sector Indian Bank has unveiled digital broking solution -- E-Broking -- allowing customers to open a demat and trading account facility, in line with the digitalisation mission of the bank, an official said on Saturday. The launch of digital broking solution 'E-Broking' was a strategic step towards complete digitalisation of [...]
New Delhi, May 6 (PTI) Bank officers union AIBOC has objected to the RBI's decision to open ASBA-designated branches on Sunday to facilitate subscription to the public offer of LIC, saying it will serve no purpose as most of the applications are filed digitally. Most of the branches are ASBA (Application Supported by Blocked Amount) [...]
New Delhi, May 6 (PTI) Equitas Small Finance Bank and the parent Equitas Holdings Ltd on Friday said that the Reserve Bank of India has given its no-objection to their proposal of amalgamation, subject to conditions. "We would like to inform that RBI in its letter dated May 6, 2022 has conveyed its no-objection to [...]
New Delhi, May 6 (PTI) LIC's public offer, the country's biggest-ever IPO, witnessed full subscription of the retail portion on day three on Friday. The overall issue was subscribed 1.38 times, according to data posted on stock exchanges on 7 pm. Against 16,20,78,067 shares on offer, 22,36,98,915 bids were received. However, the Qualified Institutional Buyer [...]
Mumbai, May 6 (PTI) Federal Bank on Friday reported its highest quarterly net profit at Rs 540.54 crore for the March 2022 quarter, up 13.13 per cent year-on-year, on improved asset quality and higher loan sales.The Kochi-based bank also guided towards 15 per cent asset growth and matching deposit mop-up this fiscal despite the end [...]