New Delhi, Feb 8 (PTI) The initial public offer of Vedant Fashions Limited, which owns ethnic wear brand Manyavar, was subscribed 2.57 times on the last day of subscription on Tuesday, helped by demand from qualified institutional buyers.The company's Rs 3,149 crore IPO received bids for 6,53,72,718 shares against 2,54,55,388 shares on offer, according to [...]
Shares of Adani Wilmar Ltd on Tuesday made a tepid market debut but soon recovered the lost ground to surge over 16 per cent against the issue price of Rs 230. The stock made its debut at Rs 221, a discount of 3.91 per cent from the issue price on BSE. But, it soon recovered [...]
New Delhi, Feb 8 (PTI) Inox Wind on Tuesday said its arm Inox Green Energy Services Ltd (IGESL) has filed the draft papers with market regulator Sebi to raise up to Rs 740 crore through an initial public offer (IPO).The proposed offer consists of a fresh issue of equity shares aggregating up to Rs 370 [...]
New Delhi, Feb 8 (PTI) Inox Wind on Tuesday said its arm Inox Green Energy Services Ltd (IGESL) has filed drat paper with market regulator Sebi to raise up to Rs 740 crore through an initial public offer (IPO).IGESL has filed a draft red herring prospectus with the Securities and Exchange Board of India on [...]
New Delhi, Feb 6 (PTI) Cogent E-Services Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The initial share-sale comprises fresh issue of equity shares aggregating up to Rs 150 crore and an offer for sale of up to 94.68 lakh equity shares by promoters, [...]
Mumbai, Feb 6 (PTI) The IPO-bound national insurer Life Insurance Corporation (LIC) is not only the world's largest when it comes to home-market share with over 64.1 per cent of the total gross written premium as of 2020 but also the one that offers the highest return on equity at 82 per cent, apart from [...]
New Delhi, Feb 6 (PTI) Ahead of initial public offering (IPO), Life Insurance Corporation (LIC) has last month appointed six independent directors on its board to meet regulatory norms of corporate governance. LIC appointed former financial services secretary Anjuly Chib Duggal, ex-Sebi member G Mahalingam, former SBI Life managing director Sanjeev Nautiyal, sources said. Besides, [...]
Mumbai, Feb 5 (PTI) The nearly seven-decades-old 'Khadi Emporium' has been banned for selling fake Khadi products by the Khadi and Village Industries Commission (KVIC), a statement said on Saturday. The commission, which is under the Union Ministry of Micro, Small and Medium Enterprises, has adopted a “zero tolerance” policy against sale of spurious or [...]
Mumbai, Feb 5 (PTI) IPO-bound Life Insurance Corporation of India (LIC) has launched a campaign for revival of individual lapsed policies. Policies, which are in a lapsed condition during the premium paying term and not completed policy term, are eligible to be revived in this campaign, which will begin from February 7 and on March [...]
New Delhi, Feb 4 (PTI) Edible oil major Adani Wilmar on Friday finalised the issue price of its Rs 3,600 crore initial public offering (IPO) at Rs 230 per share. In a regulatory filing, Adani Enterprises said Adani Wilmar has finalised the issue price for the equity shares at Rs 230 apiece. The price band [...]
