New Delhi, Dec 31 (PTI) Shares of cash management company CMS Info Systems Ltd on Friday listed at a nearly 2 per cent premium before settling with around 10 per cent gains compared to its issue price. The stock listed at Rs 218.50, a gain of 1.15 per cent on the BSE. During the day, [...]
New Delhi, Dec 31 (PTI) Shares of cash management company CMS Info Systems Ltd on Friday listed with nearly 2 per cent premium against its issue price of Rs 216. The stock listed at Rs 218.50, a gain of 1.15 per cent on the BSE. It further jumped 12.84 per cent to Rs 243.75. At [...]
The government will push for the privatisation of state-owned GIC and LIC in 2022 post the amendment. LIC’s listing might be delayed beyond March 2022. Once listed, it might become one of the biggest domestic companies by market capitalization.Insurance penetration in the country increased from 3.76 per cent in 2019-20 to 4.20 per cent in 2020-21, [...]
New Delhi, Dec 29 (PTI) Speciality chemicals company Aether Industries has filed its preliminary prospectus with markets regulator Sebi to raise Rs 1,000 crore through an initial public offering (IPO). The public issue consists of a fresh issue of equity shares aggregating to Rs 757 crore and an offer-for-sale of up to 2,751,000 equity shares, [...]
Mumbai, Dec 28 (PTI) Tightening rules for initial public offering (IPO), Sebi on Tuesday decided to put a cap on the usage of issue proceeds for unidentified future acquisitions and restricted the number of shares that can be offered by selling shareholders.Also, the regulator has decided to bring under monitoring the funds reserved for general [...]
Mumbai, Dec 28 (PTI) The IPO-bound Life Insurance Corporation of India (LIC) has sought Expression of Interest from bidders to provide consultancy services for its digital transformation.The Expression of Interest (EoI) has been invited from eligible management and strategy consultants who can evaluate the insurer's current IT setup, map it with current trend and best [...]
Mumbai, Dec 28 (PTI) Markets watchdog Sebi on Tuesday decided to tighten norms for utilisation of IPO proceeds by companies, introduce special situation funds to invest only in stressed assets and amend various regulations, including those on mutual funds and settlement proceedings.The board of Sebi, which met on Tuesday, also gave its nod for amending [...]
New Delhi, Dec 28 (PTI) Markets regulator Sebi on Tuesday decided to put a cap on IPO proceeds earmarked for making future acquisition of unspecified targets and will bring under monitoring the funds reserved for general corporate purposes. The regulator has prescribed certain conditions for selling shares in an Offer-for-Sale (OFS) under IPO by significant [...]
New Delhi, Dec 28 (PTI) Shares of Supriya Lifescience Ltd on Tuesday listed at a premium of over 55 per cent against its issue price of Rs 274 and settled with over 42 per cent gains. The stock was listed at Rs 425, reflecting a jump of 55.10 per cent against the issue price on [...]
New Delhi, Dec 28 (PTI) Shares of Supriya Lifescience Ltd on Tuesday listed at a premium of over 55 per cent against its issue price of Rs 274. The stock listed at Rs 425, reflecting a jump of 55.10 per cent against the issue price on the BSE. On the NSE, it made its debut [...]
