Torrent Group on Wednesday emerged as the highest bidder for debt-ridden Reliance Capital in the auction conducted as part of its resolution process. Ahmedabad-based Torrent Group submitted a bid of Rs 8,640 crore for acquiring the NBFC firm set up by the Anil Ambani Group, sources said. Hinduja Group was the second highest bidder, they [...]
Shares of Sula Vineyards on Thursday made a tepid market debut, listing with a premium of just over 1 per cent on the NSE, against the issue price of Rs 357. The stock listed at Rs 358, marginally higher by 0.27 per cent from the issue price on the BSE. It later hit a high [...]
Benchmark equity indices BSE Sensex and NSE Nifty 50 ended in the red on Wednesday, after starting the session in the green, tracking global markets. Financial shares dragged the indices lower while gains in healthcare and IT shares supported the market. The BSE Sensex ended the session at 61067.24 points, down 1.03% or 635.05 points. [...]
The Initial Public Offer (IPO) of electronics manufacturing services company Elin Electronics was subscribed 95 per cent on the second day of subscription on Wednesday. The IPO received bids for 1,34,54,580 shares against 1,42,09,386 shares on offer, as per NSE data. The category meant for non-institutional investors was subscribed 1.29 times, Retail Individual Investors (RIIs) [...]
The initial share-sale of KFin Technologies was subscribed 2.59 times on the last day of offer on Wednesday. The Initial Public Offer (IPO) received bids for 6,14,67,520 shares against 2,37,75,215 shares on offer, according to an update on NSE. The category for Qualified Institutional Buyers (QIBs) was subscribed 4.17 times, the portion for Retail Individual [...]
The shares of Axis Bank Limited continued to rally on Wednesday and reached a new 52-week high of Rs 958.90 in the early hours. In the span of a month, the stock has zoomed approximately 8 percent. Axis Bank is the third largest private sector bank in India. The Bank offers the entire spectrum of [...]
The shares of Tirupati Forge Ltd, a small-cap company advanced 13.37% to reach a fresh 52-week high of ₹ 25.00 apiece on Wednesday’s early trades. This happened after Aegis Investment Fund, a Mauritius-based foreign institutional investor (FII) bought its shares. Its shares were trading at ₹ 23.60 apiece at 12:00 PM. According to the data [...]
The Shares of Aditya Vision Limited have delivered 9,671% in just six years, as the share price has risen from Rs 15.3 in December 2016 to the current level of Rs 1,495 on the BSE. Aditya Vision Limited is a dynamic, fastest-growing, and service-oriented electronic Retail Chain in Bihar. The company is a group of [...]
Mumbai-based NBFC Cosmea Financial Holdings has pulled out of the race to acquire debt-ridden Reliance Capital Ltd (RCL) under an insolvency run bid process, sources said. Cosmea combined with Piramal Group had put in a bid to acquire Anil Ambani Group's erstwhile company but sources said Piramal still continues to be interested in the auction [...]
Social media platform Twitter has started rolling out a grey tick verification mark for government-related accounts and a golden tick mark for companies while the rest of the verified accounts will get a blue tick mark. With the rollout, Twitter has replaced the blue tick mark of the Government of India's handle with a grey [...]
