Cintra, a prominent foreign institutional investor, is set to sell approximately 5% of its stake in IRB Infrastructure Developers through a block deal. This transaction is expected to have significant implications for the market, given the size and value of the deal. Deal Details Shares on Sale: Around 1.75 crore shares of IRB Infrastructure are …
Transformers and Rectifiers (India) Ltd., a prominent player in the electrical engineering sector, has initiated a Qualified Institutional Placement (QIP) to raise Rs.500 crore. This strategic move to raise funds aims to strengthen the company’s financial position and support its growth objectives. Details of the QIP The QIP, valued at Rs.500 crore, is intended to …
Tata Motors is a global automobile manufacturer offering a wide range of commercial, passenger, and EVs. Tata Motors Limited (TML) is one of India’s biggest automobile manufacturing companies with an extensive range of integrated, smart, and e-mobility solutions in its portfolio. The company has a market capitalization of more than 3.6 lakh crores. Tata Motors …
InterGlobe Enterprises, one of the promoters of IndiGo, is planning to sell 2% of its stake in IndiGo via a block deal. The value of the stake sale is anticipated to be around 394 million dollars, where the promotor plans to offload 77 lakh shares. These shares are marked at Rs. 4,266 apiece, at a …
Share India’s Legacy in the Capital Market The Share India group has been a prominent player in the capital market for over 30 years. With a vast network of 293 branches and franchises as of March 31, 2024, they have established a strong pan-India presence. Their primary activities include strategy-based proprietary trading and high-frequency trading. …
Jio Financial Services (JFSL), the financial arm of Reliance Industries, has launched its new app, Jio Finance. This app is designed to compete with leading fintech platforms like Paytm and PhonePe. Currently in its beta stage, Jio Finance aims to refine its features based on user feedback. This strategic move marks JFSL’s significant entry into …
State-owned Bank of India, on Monday, announced its acquisition of a 6.125% stake in CCIL IFSC, present in the GIFT SEZ. The announcement was made on the bank’s first-year anniversary of its IFSC Banking Unit in GIFT City. BOI’s Executive Director of International Operations, Subrat Kumar, on that occasion announced its plan to develop and …
L&T Technology Services Limited (LTTS), a leading engineering services company, and the Indian Institute of Technology Hyderabad (IIT Hyderabad), a premier academic institution, have announced a groundbreaking collaboration. This partnership aims to propel advancements in the automotive industry by focusing on Advanced Driver Assistance Systems (ADAS) and Cellular Vehicle-to-Everything (CV2X) communication technologies. This collaboration highlights …
Vodafone Idea Ltd (VIL), India’s leading telecom operator, announced a crucial board meeting scheduled for Thursday, June 13, 2024. The agenda centres on proposals for issuing equity shares or convertible securities to vendors on a preferential basis. This move signifies Vodafone Idea’s proactive approach to addressing outstanding dues and strengthening its financial position. Addressing Vendor …
Cosmic CRF Limited, a leading manufacturer of cold-rolled stainless steel sections, has announced a significant boost to its order book with the successful acquisition of 3 new contracts. The company revealed these developments on June 10, 2024, signifying continued growth and strong industry demand for their high-quality products. Strengthening Strategic Partnerships Two of the new …
