Page 8 - Investors

Brigade Enterprises raises Rs 1,500 crore by selling shares via QIP

Bengaluru-based Brigade Enterprises has raised Rs 1,500 crore by selling equity shares to institutional investors as part of its strategy to expand business. The company on September 2 launched its qualified institutional placement (QIP) issue to raise funds. The issue closed on September 5. In a regulatory filing on Friday, Brigade Enterprises said a committee of directors approved the allotment of 1,30,43,478 equity shares to eligible qualified institutional buyers. The shares were allotted at an issue price of Rs 1,150 per equity share. Hence, the company raised Rs 1,500 crore through the QIP route. The shares were issued at a discount of 1.26 per cent of the floor price of Rs 1,164.70 per equity share. In March, Brigade Enterprises had taken shareholders' approval to raise funds through the issue of securities up to Rs 1,500 crore. Brigade Enterprises is one of the leading real estate developers in the country with a significant presence in south India. Last month, Brigade

Demat accounts hit fresh high in August, surpass 171 million mark

Despite market volatility, 4.2 mn accounts added in Aug

Prestige Estates raises Rs 5,000 crore by selling equity shares via QIP

Realty firm Prestige Estates Projects Ltd has raised Rs 5,000 crore by selling equity shares to institutional investors through private placement. The company had on August 29 launched its Qualified Institutional Placement (QIP) to raise funds. In a regulatory filing on Wednesday, Prestige Estates informed that a fundraising committee of the board approved the allocation of 2,98,68,578 equity shares at an issue price of Rs 1,674 apiece to eligible institutional investors. The issue price was at a discount of 4.62 per cent on the floor price of Rs 1,755.09 per share fixed by the panel. In July, the company had taken approval of its shareholders to raise capital by way of public or private offerings including through a QIP to eligible investors through an issuance of equity shares or other eligible securities for an amount not exceeding Rs 5,000 crore. Bengaluru-based Prestige Estates is one of the leading developers of the country, with a significant presence in the south Indian ..

Sebi may notify tighter F&O norms soon; aims to curb investor losses

New rules likely to be issued without taking it up with the board

54% IPO shares allotted to investors sold within a week, shows Sebi study

A study by markets regulator Sebi highlighted flipping behaviour among investors in the initial share-sale market with investors (excluding anchor) selling 54 per cent of IPO shares allotted to them by value within a week. The study found a strong disposition effect (tendency to prematurely sell assets that have made financial gains) with investors showing a greater propensity to sell IPO shares that posted positive listing gains, compared to those that listed at a loss. In light of the increasing participation of retail investors and the heightened oversubscription in recent IPOs, the Securities and Exchange Board of India (Sebi) conducted an in-depth study to analyze investor behaviour in main-board IPOs. The study encompasses data from 144 IPOs listed between April 2021 and December 2023. During the study period, 144 IPOs collectively raised a total of Rs 2.13 lakh crore. Notably, 65 per cent of the total issue size was Offer for Sale (OFS), through which the pre-existing ...

August freeze: Cash turnover caught in valuation cold snap, shows data

But derivatives trading turnover thaws, rising as investors warm up to short-term bets

ED restitutes Rs 19.40 crore to defrauded investors of Rose Valley Group

Rose Valley Group had amassed substantial deposits from the public under false/fraudulent promises of high returns

Passive funds, luxury bedding: Top personal finance stories of the week

Our newsletter this week tells you how to invest in passive funds and where to find luxury bedding

Nvidia's quarterly forecast fails to impress investors, shares fall

The revenue and gross margin forecast for the current quarter were not far from analysts' expectations

Bikaji says 'not for sale' amid investor interest in domestic snacks market

Bikaji is not for sale. Whatever price someone offers, there are certain things that are not for sale, Chief Operating Officer Manoj Verma said earlier this month

HouseEazy raises $7 mn in series-A round from investors to grow business

HouseEazy, a marketplace for resale homes, has raised USD 7 million from investors to grow its business. In a statement, HouseEazy said the company has raised USD 7 million in a series-A funding round. This round was a mix of equity and debt led by Chiratae Ventures and saw participation from Alteria Capital and existing investor Antler, it added. The company had previously raised the seed financing round 7 months back in December 2023. The funds will be used to fuel the organisation's growth across new geographies in NCR, strengthening brand presence, team expansion and product enhancement, HouseEazy said. Tarun Sainani, Co-founder, HouseEazy, said, "In the primary market, the real estate developer typically serves as the anchor, but no single player was addressing all the needs of resale buyers and sellers. These transactions were traditionally conducted with multiple stakeholders, leading to inherent risks and lengthy closure times." "We've completely re-engineered the process

Map for new investors; Southern food charm: Top personal finance stories

Our weekly newsletter recommends how to begin investing in mutual funds and why South Indian food is not just idli-dosa

Hindustan Zinc dividend sweetens deal for offer for sale investors

Commodity major declares second interim dividend of Rs 19 a day after OFS concluded

Africa's natural resources, demographic advantage attract investors: V-P

Africa's natural resources, demographic advantage and growing economic integration through the African Continental Free Trade Area make it an attractive destination for investments, Vice President Jagdeep Dhankhar said on Wednesday. He also said that India's new-age digital technologies and its space programme offer huge opportunities for Africa to increase cooperation with India. "Africa's natural resources, demographic advantage and growing economic integration through the African Continental Free Trade Area make it an attractive destination for investments," Dhankhar said. He was addressing CII's India-Africa Business Conclave here. He added that India's Duty-Free Tariff Preference (DFTP) scheme offers enormous opportunities for mutual development. The vice president said that resurgent Africa and rising India can give a strong impetus to south-south cooperation specially in areas like clean technology, climate-resilient agriculture, maritime security, and connectivity. "India

Huge profits made by investors on catastrophe bonds raising eyebrows

Catastrophe bonds, which are issued by insurers, reinsurers and governments seeking an extra layer of disaster coverage, have been handing investors double-digit returns

NFO deluge opens mutual fund investor floodgates wide in July, shows data

Investor tide swells by 1.2 million, reaching 48.1 million

Recipe for market success: ETFs, the secret sauce stirred into growth

Now a dominant ingredient, with holdings topping 10% of the free-float mcap

Investor interest in focused funds on wane, pull out Rs 2,700 cr since Dec

Outflows could be a result of a mix of factors led by the underperformance of some of the larger funds amid elevated return expectations

Developer, investor sentiment in realty sector moderated in Apr-Jun: Report

While the overall sentiment remains optimistic, it has fallen considerably from the all-time high levels in the January-March quarter this year

July Budget and slashing of SGBs: A setback for portfolio balancing

Understandable if govt decided not to bear exchange and capital appreciation risks on SGBs anymore, but this would be a pity for investors who would no longer have this option to balance portfolios