UBS sells shares worth Rs 480 crore in Concord Biotech, IIFL Securities, 2 more stocks via block deals
UBS sold holdings in Concord Biotech, Five Star Business Finance, IIFL Securities, and Marksans Pharma through block deals, totaling Rs 480 crore. The largest sale was in Concord Biotech, worth Rs 192 crore at a 15% premium.
India’s Solar Energy Corporation mulls IPO, to invest $2.2 billion in renewables by 2030
State-owned Solar Energy Corporation of India (SECI) on Friday pledged to invest 180 billion rupees ($2.16 bln) in equity for renewable capacity expansion by 2030, and announced plans to go public in the next one to two years.
Adani Energy Solutions shares could deliver multibagger returns from current levels
Cantor initiates coverage on the company with a bullish “Overweight” rating and a price target of Rs 2,251, suggesting a potential 129% upside by FY26. They project a 20% CAGR revenue growth and a 28.8% CAGR adjusted EBITDA growth for the company from FY24 to FY27E.
Leela hotels owner Schloss Bangalore files for $599 million India IPO
The company would issue fresh shares worth 30 billion rupees, while existing shareholder Project Ballet Bangalore Holdings (DIFC) will sell shares worth 20 billion rupees.
Sebi relaxes financial disincentives norms for technical glitches, restricts it to Market Infrastructure Institutions
Securities and Exchange Board of India (Sebi) on Friday relaxed rules governing financial disincentives imposed by the regulator on Market Infrastructure Institutions (MIIs) and individuals for omissions and commissions leading to technical glitches.
HDFC Bank approves IPO of HDB Financial Services with fresh equity sale of Rs 2,500 crore
HDB Financial Services IPO: The IPO comprises a fresh equity sale of Rs 2,500 crore and an offer-for-sale component, allowing existing shareholders to divest their holdings. HDB Financial Services, a major NBFC, focuses on retail and commercial customers with a diversified portfolio of financial products and services.
Sebi mulls allowing only electronic mode for payment of dividend, interest
Markets regulator Sebi on Friday proposed that listed entities should make all payments, such as dividends, interests and redemptions, through electronic mode only. The proposal is aimed at streamlining payment processes and enhance security, convenience and efficiency for all investors.Current Sebi’s LODR (Listing Obligations and Disclosure Requirements) rules allows electronic payments but permits cheques or […]
Mutual funds have Rs 6,000 crore investments in Vodafone Idea
Approximately 32 mutual fund houses held investments in Vodafone Idea. In August, 17 of these houses increased their shareholdings, 10 decreased them, and 5 maintained their positions. Kotak Mutual Fund led with the largest holding valued at Rs 741.76 crore, followed by ICICI Prudential Mutual Fund at Rs 726.28 crore.
Zerodha Mutual Fund files draft document with Sebi for another passive fund
Zerodha Mutual Fund has submitted a draft document to SEBI for a new passive fund, the Zerodha Gold ETF FoF. This open-ended fund of fund scheme aims to achieve capital appreciation by investing in units of gold ETFs. It will offer both regular and growth plans, with the growth option only. The scheme will have […]
Tech view: Nifty breaks 25,500 resistance, forms long bull candle. How to trade on Monday
Nifty’s short-term trend is strongly bullish after Friday’s significant surge. A brief consolidation or pause is possible before further upward movement. The next upside target, based on Fibonacci extension, is around 26,250. Immediate support is at 25,650, according to Nagaraj Shetti of HDFC Securities.