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Business briefs

*Havells India ranks 7th among top electrical equipment companies globally on ESG performance New Delhi, Dec 1 (PTI) Havells India was ranked seventh among the top electrical equipment companies globally by Dow Jones Sustainability Indices (DJSI) for 2021.Its commitment to Environmental, Social, Governance (ESG) and responsible growth has been recognised by DJSI for the current [...]

Nothing to accept cryptocurrency payments

New Delhi, Dec 1 (PTI) Consumer technology brand Nothing on Wednesday launched a new edition of wireless earbuds and said it will start accepting cryptocurrency payments in select countries through its website. London-based Nothing, which is backed by a number of Indian investors, including film producer Karan Johar, cricketer Yuvraj Singh and Cred founder Kunal [...]

Ahead of IPO, Anand Rathi Wealth raises Rs 194 cr from anchor investors

New Delhi, Dec 1 (PTI) Anand Rathi Wealth Ltd, part of Mumbai-based financial services group Anand Rathi, on Wednesday said it has raised Rs 194 crore from anchor investors, ahead of its initial share-sale on Thursday. The company has decided to allocate 35.25 lakh equity shares to 12 anchor investors at Rs 550 apiece, valuing [...]

Tega Industries IPO fully subscribed within 1 hour; garners 4.67 times subscription on Day 1 of offer

New Delhi, Dec 1 (PTI) The initial public offer of Tega Industries Limited, manufacturer of consumables for the mining industry, was fully subscribed within one hour of opening on Wednesday. It ended the day with 4.67 times subscription. The Rs 619.22-crore IPO received bids for 4,46,62,233 shares against 95,68,636 shares on offer, translating into 4.67 [...]

Raymond’s board approves JK Files & Engineering’s Rs 800-cr IPO

New Delhi, Dec 1 (PTI) Diversified group Raymond Ltd on Wednesday said its board has approved the listing of its subsidiary JK Files & Engineering Ltd (JKFEL), a company that is in the business of auto parts. The initial public offering (IPO) will also comprise an offer-for-sale (OFS) of Rs 800 crore, said the country's [...]

Upstox allows IPO applications via WhatsApp

New Delhi, Dec 1 (PTI) Online brokerage Upstox on Wednesday said it will allow investors to invest in initial public offerings (IPOs) and open demat accounts through WhatsApp.        Also, the company aims to increase its customer base to 10 million by the end of FY2022 from 7 million currently, Upstox said in [...]

Tega Industries mobilises Rs 186 crore from anchor investors ahead of IPO

New Delhi, Nov 30 (PTI) Tega Industries, manufacturer of consumables for the mining industry, on Tuesday said it has garnered Rs 186 crore from anchor investors ahead of its initial share-sale that opens for public subscription on Wednesday.     The company has decided to allocate 41 lakh equity shares to anchor investors at Rs 453 [...]

ICICI Venture divests partial stake in Go Fashion

New Delhi, Nov 30 (PTI) ICICI Venture, the alternative asset arm of ICICI Bank, on Tuesday said it has divested half of its 13.5 per cent stake in the recently concluded IPO of Go Fashion (India) Ltd, which owns women's wear brand Go Colors.       ICICI Venture, through its fourth private equity fund India Advantage [...]

Go Fashion shares jump over 81 pc in debut trade

New Delhi, Nov 30 (PTI) Shares of Go Fashion, which owns women's clothing brand Go Colors, on Tuesday listed with a huge premium and settled with over 81 per cent gains against its issue price of Rs 690. It listed at Rs 1,316, reflecting a steep jump of 90.72 per cent on the BSE. The [...]