Steel Exchange India Limited (SEIL) recently announced two significant decisions aimed at improving its financial stability and enhancing its operational focus. The company, a prominent player in the steel manufacturing sector, disclosed its plans to sell a non-core asset and raise substantial funds through securities issuance. The share price of Steel Exchange India is down …
Vakrangee Limited has entered into a strategic partnership with Canara Bank to revolutionise rural banking services. This collaboration aims to provide essential financial services to underserved and unbanked communities through Vakrangee Kendras. The share price of Vakrangee is trading higher at 9:20 AM on December 19, 2024, with the stock up by 4% on the …
Yatharth Hospital and Trauma Care Services Ltd has launched its Qualified Institutional Placement (QIP), offering equity shares to raise between ₹450 crore and ₹700 crore. The issue, approved on December 18, 2024, sets the floor price at ₹626.18 per share, calculated under SEBI regulations. The company plans to issue up to 1.17 crore shares, with …
Vardhman Polytex Ltd. has announced plans to raise ₹120 crore through a rights issue of equity shares. The initiative will allow eligible shareholders to subscribe to additional shares, reinforcing the company’s capital structure. The exact terms, including the record date and allocation ratio, are yet to be finalized and announced. In addition to the rights …
Zaggle Prepaid Ocean Services Limited has launched a Qualified Institutional Placement (QIP) of equity shares worth ₹950 crore, with the potential for an upsize option. The floor price for the QIP has been set at ₹550.73 per equity share, calculated in line with SEBI (ICDR) Regulations. The company may offer a discount of up to …
Lupin Ltd, a leading pharmaceutical company in India, has achieved a significant milestone by securing approval from the United States Food and Drug Administration (FDA). The approval pertains to its Abbreviated New Drug Application (ANDA) for generic Emtricitabine and Tenofovir Alafenamide Tablets (200 mg/25 mg). This development positions Lupin among the first companies to market …
Indian equities are likely to be impacted on December 19 as GIFT Nifty futures trade 245 points below Nifty50 futures at the 23,912 mark. On Wednesday, Indian markets ended in the red. The BSE Sensex declined by 502 points or 0.62% to close at ₹80,182.20, while the Nifty50 fell 137 points or 0.56% to settle …
On December 17, 2024, HDFC Bank, India’s largest private sector bank by assets, entered into a partnership with the Department for Promotion of Industry and Internal Trade (DPIIT) through a Memorandum of Understanding (MoU) to provide startups with world-class banking and financial services. Partnership to Improve Startup Ecosystem The partnership has been established with an …
On December 17, 2024, Wardwizard Innovations & Mobility Limited (WIML), a leading electric vehicle manufacturer in India under the brands Joy e-bike and Joy e-rik announced that it has signed a strategic partnership agreement with Mufin Green Finance Limited. Muffin Green Finance is a prominent Non-Banking Financial Company (NBFC) specialising in electric three-wheeler loans. This collaboration focuses …
On December 18, Sanghi Industries’ share price fell by 10.17%, trading at ₹69.08 by 11:00 AM on the NSE. The stock opened at ₹69, below its previous close of ₹76.90, and reached a fresh 52-week low of ₹67.42 during early trading. This decline marks a continuation of the stock’s downward trend over the past four sessions. Merger …
