Markets regulator Sebi said retail investors applying for shares in IPOs would need to be compensated if bankers fail to make the allotment despite their eligibility.
UAE based Aster DM Healthcare Ltd’s IPO of shares on the Indian exchanges to raise 9.80 billion rupees was subscribed 1.3 times on the last day of the sale on Thursday.
RDIF has pledged to set up a “significant” pool of investors for the potential $100 billion IPOby Saudi Arabian state oil major Aramco, it said.
German engineering conglomerate Siemens will receive all of the proceeds from a listing of its Healthineers arm, three people familiar with the plans told Reuters.
Russia is seeking to finalise multi-million-dollar investment deals with Saudi Arabia in the next three months including partnerships with state oil giant Aramco.
French grid operator RTE would be keen to partake in EU power grid consolidation and would be in favour of changing its legal status in order to achieve that.
Spurred by investor interest, as many as 100 small and medium enterprises (SME) are expected to list on the BSE's platform this year, a top official said.
IndoStar Capital Finance has filed draft papers with capital markets regulator Sebi to raise an estimated Rs 2,000 cr through an initial share-sale.
BMC Software Inc is holding conversations with investment banks about an initial public offering (IPO) that could value it at more than $10 billion.
Shares of speciality chemicals manufacturer Galaxy Surfactants rose by 3 percent in its debut trade over its issue price of Rs 1,480.
US dollar ends higher against rupee
Mumbai: The US dollar ended sharply higher against the rupee at 64.21/22 per dollar and the pound sterling also finished higher at Rs 90.34/36 per pound at the close of the Interbank Foreign Exchange (forex) market here today.
Following are the Interbank forex and RBI rates: (In Rs per unit) Unit Interbank RBI Reference US Dollar 64.21/22 US Dollar Rs 63.9097 Pound Sterling 90.34/36 Euro Rs 80.1683 Euro 80.18/20 Japanese Yen (100) 60.50/52
Approves Allotment Of 24.9 Mn Shares On Preferential Basis To 8 Investors
Approves Allotment Of 24.9 Mn Shares At Rs 1,726.05/Share
MAHINDRA & MAHINDRA
To invest in Zoomcar India, Zoomcar Inc, U.S.
To invest Rs 176 cr in Zoomcar India
Initial investment in Zoomcar India likely to be completed by Feb 20
Additional investment in Zoomcar India expected to be completed by Aug 31
Co’s stake to increase to 16%
RBI inspection had found diversion of funds within group firms
Funds to the tune of Rs 525 cr given to intermediary borrowing cos
Religare Finvest increased corporate loan book against RBI’s directions
RBI has asked for clarity on rollover of fixed deposits with a bank
Findings suggested continued weakness of internal controls
Economic Times Reports
SC Allows Sale Of Fortis Health Shares Pledged With Lenders
SC allows Axis Bank, Yes Bank to sell, transfer pledged share of Fortis
Earlier, SC had restrained financial institutions from selling pledged shares
Business Standard Reports
Granted European GMP certification from Hungarian regulators for Mfg plant at Goa