Page 42 - Indian Companies

Debutants put up a good show; Medanta soars 24%, Bikaji Foods up 6%

Medanta's stock hit a high of Rs 424.65 and a low of Rs 390.55 on the NSE, where Rs 2,000 crore worth of shares changed hands

Market regulator Sebi proposing to revamp the share buyback process

Currently, companies can buyback only 25 per cent of the paid-up capital and free reserves under the tender route

Keystone Realtors' IPO gets tepid response, oversubscribed 2x

Retail portion just half covered; institutional investor and HNI portions subscribed 3.8x and 3x, respectively

Indiabulls Housing embarks on growth path after three quarters of stability

IHFL's balance sheet and AUM have stabilised and the base has been formed for 10% YoY growth in loans this financial year

Over 50% Indian firms experienced economic crime in 2 years: Survey

95% of them suffered new types of fraud as a result of the disruption caused by Covid-19

Fusion Micro Fin makes dull debut, Inox Green IPO subscribed 1.55x & more

Fusion Micro Finance made a dull debut on November 15, despite a confident market sentiment

Sebi's tougher disclosure regime may be a challenge for India Inc

Compliance burden could go up manifold if new proposals get implemented, say legal experts

ESL Steel capacity expansion by next year: Vedanta's Sunil Duggal

Mining giant says priority is to finish doubling capacity of company it acquired in June 2018

Muscle & Strength to add 20 more stores in north India by next year

Muscle & Strength's revenue grew by more than 25 per cent during the past one year

Firms pre-filing for IPOs may get to market to institutional investors

New clause to help issuers gauge institutional investor demand

Piramal-Bain's IndiaRF invests Rs 550 cr for majority stake in Impresario

Funds will be used by the company to fuel the further expansion of Impresario's business

Kaynes Tech IPO subscribed 34x, Keystone receives 8% bid on Day 1 & more

Kaynes Tech reported a net profit of Rs 10.05 crore and net sales of Rs 199.27 crore in the three months ended on June 2022

McLeod Russel Sept qtr net up 6% to Rs 131 cr despite dip in revenues

Revenues from operations at Rs 425.06 crore were lower by 13.93% from the same period last year

Indiabulls Finance Q2 consolidated net up marginally to Rs 289.4 cr

Impairments on financial instruments double YoY; income from operations almost flat at Rs 2,229.7 cr

Nippon Life-Birla Sun Life merger talks fail ahead of RCap deal deadline

Sources say Nippon Life of Japan not keen on diluting its holding in Reliance Nippon Life Insurance Company to less than 10%--something that the merger will bring about

Street Signs: Nykaa 5:1 bonus issue, all eyes on Paytm and Delhivery & more

FSN E-Commerce Ventures (Nykaa) issued a 5:1 bonus issue around the time the one-year lock-up for its pre-initial public offering (IPO) investors ended

RIL's logistics foray rides on growing retail print, govt supply-chain push

MMLP near Chennai to be key distribution hub for company in south; firm may bid for more MMLPs across country, say sources

DCX Systems soars 48% on debut, shares worth Rs 1,090 crore change hands

Strong debut follows huge response to IPO, which was oversubscribed nearly 70 times

Ashok Leyland may dilute 15% stake in Switch Mobility, raise up to $250 mn

The company is raising the funds for a new plant planned in Spain

PhysicsWallah's revenue rises to Rs 232.48 cr, net profit surges 14 times

The company has reported a profit at a time when top tech unicorns, especially edtech firms are incurring steep losses and are laying-off employees