Latest Updates Around The World
Adani Green Energy on Wednesday witnessed a block deal worth Rs 2,778 crore, which was executed at Rs 970 per share. TotalEnergies Renewables sold around 2.86 crore shares, and the entire block was absorbed by a diverse group of institutional investors, mutual funds, family offices and high net worth buyers.The top buyers included Quant Mutual […]
Shares of Anil Ambani-led Reliance Infrastructure rose as much as 5% to an intraday high of Rs 175 on Friday, November 28, recovering after six straight sessions of declines. With today’s progress, the stock has now posted gains for three consecutive sessions, with a cumulative gain of 17% over this period. The stock ended 3.14% […]
Sudeep Pharma, a technology-focused maker of excipients and specialty ingredients used in pharmaceuticals, food and nutrition, has raised Rs 268 crore from a heavyweight roster of anchor investors, setting the tone for its Rs 895 crore IPO set to open on November 21.The company allotted 45.27 lakh shares of Rs 593 each to anchors, drawing […]
Even as benchmark indices continue to witness renewed selling, the real buzz in the market has shifted to the primary market. But veteran investor Sandip Sabharwal believes the ongoing IPO frenzy may not be as healthy as it first appears.In a candid chat with ET Now, Sabharwal warned that the whole IPO story is “getting […]
Coinbase’s first-mover advantage as the only publicly traded crypto exchange has helped boost earnings expectations again, but competition from clearer rules and newly listed companies looms, Wall Street analysts said Friday. The global crypto market has grown to $3.7 trillion as institutional and retail investors pour money into digital assets. President Donald Trump eased regulatory […]
Aditya Birla Capital witnessed a major block deal worth Rs 819 crore on Tuesday when Advent International’s arm Jomei Investments sold 2.66 crore shares of the financial services arm of Aditya Birla Group at Rs 308 per share on the NSE. The transaction saw strong institutional participation, with major investors such as Goldman Sachs Bank […]
Days before Zomato’s historic listing in July 2021, Sanjeev Bikhchandani sent an email that now reads like a masterclass on IPO price discipline. The founder of Info Edge, one of Zomato’s early backers, told founder Deepinder Goyal not to chase a high-priced doll or let retail investors lose money. “Current shareholders should not feel short-changed […]
Bajaj Housing Finance has raised Rs 1,000 crore by selling bonds to institutional investors at a coupon of 6.95%. The bonds, which are in the nature of non-convertible bonds, will be allotted on Monday and will mature on January 28, 2028, after two years, three months and 15 days, the company said in a stock […]
Flipkart Investments will leave its full interest of 6% in Aditya Birla Lifestyle Brands LTD (ABLB) via block offers worth RS 950 Crore, according to a CNBC AWAAZ report. The sale comprises 7.3 crore shares at a basic price of RS 130 per share. This year, the move marks one of the larger outputs by […]
