Brookfield India REIT’s Rs 3,500 crore institutional placement opens at floor price of Rs 287.55/unit
Brookfield India REIT has approved a fundraise of up to Rs 3,500 crore through an institutional placement. The floor price for the issue is set at Rs 287.55 per unit. The company aims to utilize the funds for growth and expansion.
Sebi warns investors against platforms facilitating transactions in unlisted securities
Sebi has warned investors against using unauthorized electronic platforms for transactions in unlisted securities, citing violations of its rules. Such dealings forfeit investor protection, grievance redressal mechanisms, and online dispute resolution, risking sensitive personal information.
Torrent Power’s Rs 3,500 cr QIP over subscribed 4 times
Torrent Power on Monday said its Rs 3,500 crore qualified institutional placement (QIP) issue was oversubscribed four times. The issue received bids of about Rs 14,000 crore against the base issue size of Rs 3,500 crore, a company statement said.
NHAI raises Rs 775 crore via green bonds for Delhi-Mumbai Expressway
The National Highways Authority of India, on Monday said the aggregate total size of the issue was Rs 775 crore with a base issue size of Rs 500 crore and a green-shoe option to retain oversubscription up to Rs 275 crore, with a yield of 7.23% per annum. The funds have been raised through DME […]
Tech View: Nifty shows small body candle formation. How should one trade on Tuesday?
Indian markets extended losses for a second day, led by weakness in FMCG and auto stocks. The Sensex and Nifty fell by 0.25% and 0.24% respectively. Despite the decline, bullish momentum remains in the Nifty, although it’s nearing overbought territory. The index is consolidating near resistance and may see range-bound movement in the near term.
Zomato, Paytm among 6 large & midcap stocks that hit fresh 52-week highs on Monday
Indian benchmark indices slipped on Monday, ending their rally from the best week in six months, as losses in consumer stocks dragged the market lower.
Debt & internal accruals to fund Ceat acquisition of Camso tyre biz from Michelin: Arnab Banerjee
Ceat will acquire Camso’s tyre and track business from Michelin. This acquisition will boost Ceat’s international business. The deal will be funded by a mixture of debt and internal accruals. Ceat expects the acquisition to be EPS accretive. The company anticipates growth in off-highway tyres. Ceat plans price hikes in various segments.
Time to buy PFC & REC? Sandip Sabharwal would rather buy these 2 private sector NBFCs now
Sandip Sabharwal discusses investment strategies, favoring capex-oriented companies like L&T and select IT firms. He expresses caution about PFC and REC due to long-term solar sector stress, preferring private sector NBFCs like L&T Finance and Mahindra Finance. Consumer stocks are expected to revive eventually, offering buying opportunities at current discounted levels.
Mishtann Foods plummets 20% as Sebi ban triggers extended sell-off
Blackstone-backed International Gemological Institute sets price band for Rs 4,225 crore IPO
Blackstone-backed International Gemological Institute (IGI) India has set a price band of Rs 397-417 per share for its upcoming initial public offering (IPO), targeting a raise of Rs 4,225 crore. The three-day IPO will open for subscription on December 13 and close on December 17.