The IPO craze among investors has not yet subsided. Not only has the secondary market impressed investors with its substantial performance in recent times, but the primary market has also garnered attention with massive participation over FY24. These days, investors are not afraid to apply for IPOs in both the SME board and the main …
Affordable Robotic and Automation Limited (ARAPL) subsidiary, Arapl RaaS, has secured a significant investment of Rs 38 crore from its parent company. This funding is part of a larger Rs 48 crore rights issue and signifies strong support for Arapl RaaS’s growth plans. The capital will be used to fuel revenue generation, particularly in the …
On March 26, 2024, Mayank Cattle Food Limited informed in a stock exchange filing that the Board of Directors of the company approved the proposed acquisition of partnership firm M/S Ajay Industries through a slump sale on a going concern basis. Details of the Acquisition On Tuesday, Mayank Cattle Food Limited stated, “We would like …
On March 26, 2024, Savita Oil Technologies stated in an exchange filing that they sold about 3% equity shares of the company via a block deal on Friday. Details of the Sale On Tuesday, Savita Oil Technologies released a statement to the exchanges stating that the seller is the promoter of the company, i.e., Mr …
On March 26, 2024, SpiceJet informed in a stock exchange filing that the company signed a settlement agreement with Export Development Canada (EDC) to clear major liabilities, leading to a comprehensive revitalisation of its balance sheet. The airline stated that this settlement is considered the biggest breakthrough in its financial restructuring efforts to date. Details …
ICICI Prudential Life Insurance, a prominent life insurance entity born from the collaboration between ICICI Bank and Prudential Corporation Holdings, specializes in offering long-term savings and protection products tailored to various life stages. Renowned for its cost-effectiveness, superior service quality, consistent fund performance, and hassle-free claim processing, ICICI Prudential has cemented its place in the …
Thermax Ltd Remarkable Performance The stock of Thermax Ltd has become the talking point on D-Street as it has not only crossed the milestone of the Rs 4,000 mark but also touched a fresh record high of Rs 4,115, with the market cap inching closer to the Rs 50,000 mark. The stock has had a …
On March 26, 2024, the shares of life insurance companies like Max Financial Services Ltd and HDFC Life Insurance Company Ltd rose up to 5% intraday. This positive development was noticed after the Insurance Regulatory and Development Authority of India’s (IRDAI) notification on the final regulations in relation to surrender value. Impact of IRDAI’s Guidelines …
On March 26, 2024, the shares of life insurance companies like Max Financial Services Ltd and HDFC Life Insurance Company Ltd rose up to 5% intraday. This positive development was noticed after the Insurance Regulatory and Development Authority of India’s (IRDAI) notification on the final regulations in relation to surrender value. Impact of IRDAI’s Guidelines …
On March 26, 2024, Valor Estate Ltd (Formerly DB Realty Ltd) issued a formal clarification to address concerns arising from a recent High Court order related to the 2G spectrum allocation case. Recent High Court Order and Media Speculation A recent pronouncement by the Delhi High Court regarding the CBI vs A. Raja & Others …
