10 lakh shares to unlock in this Sunil Singhania-backed stock on Monday. Smallcap down 24% from IPO price

The shareholder lock-in of Mangal Electrical Industries is likely to be lifted on Monday, November 24 and as per Nuvama’s estimates, nearly 10 lakh shares, accounting for 4% of the total outstanding shares, will hit the market.Although the shares are eligible for sale, the responsibility lies with the investors as to whether or not to […]

Sebi knew the reclassification of LIC as a public shareholder in Idbi Bank in the midst of the rejection plan

Idbi Bank said that Regulator of the Sebi capital markets has approved the reclassification of Life Insurance Corporation (LIC) as a “public shareholder” in the lender once the strategic disinvestment process of the government is completed. In an exchange application, the bank stated that SEBI goods inspection is subject to several conditions, including LIC who […]