Page 33 - Nse

Markets log biggest fall of month amid declines in banking heavyweights

Nervousness ahead of crucial data pull indices down

Sebi warns Vedanta for publishing 'unlisted ultimate holding' firm's info

Mining major Vedanta on Thursday said it has received an administrative warning from markets regulator Sebi for "publishing information related to its unlisted ultimate holding company". Vedanta received a letter from NSE on March 6, 2023, annexing a letter dated February 29, 2024, issued by the Securities and Exchange Board of India (Sebi), according to a regulatory filing. The company has been directed to place the said letter before its board and take necessary corrective steps to strengthen the internal control for corporate announcements/ press releases, it said without divulging any further information. On the details of the violations alleged to be committed, the company said the letter is "in respect of it publishing information related to its unlisted ultimate holding company". New Delhi-based Vedanta Ltd is a diversified natural resources company with interests in oil and gas, aluminium, copper, zinc, lead, silver, iron ore and steel.

Investors subscribe JG Chemicals IPO 27.78 times on last day of offer

The initial public offer (IPO) of JG Chemicals was subscribed 27.78 times on the final day of bidding on Thursday. The Rs 251.2 crore IPO received bids for 22,69,11,245 shares against 81,68,714 shares on offer, according to data available with the NSE. The portion for non-institutional investors received 46.32 times subscriptions while the quota for Qualified Institutional Buyers (QIBs) subscribed 32.09 times, and the category for retail individual investors (RIIs) attracted 17.43 times subscriptions. The zinc oxide manufacturer's initial public offer proposed a fresh issue of up to Rs 165 crore shares and an offer for sale of up to 39 lakh equity. The IPO was in a price range of Rs 210-221 a share. JG Chemicals on Monday said it has collected over Rs 75 crore from anchor investors. Proceeds from the fresh issue to the tune of Rs 91 crore will be utilised for investing in JG Chemicals' material subsidiary BDJ Oxides, and Rs 35 crore will be used for funding the long-term working

BSE may buy out S&P Dow Jones Indices' entire 50% stake in joint venture

The move follows a long dispute between the two bourses over exiting the JV, which is responsible for compiling and maintaining popular Sensex and Bankex indices

Global algo traders gearing up to swarm India stock futures, Says SGX

The trading of the derivative contracts moved to GIFT City from Singapore last July after a dispute between SGX and National Stock Exchange of India Ltd

Chimetech Holding divests 1% stake in Delhivery worth Rs 360 crore

Chimetech Holding on Friday divested 1 per cent stake in logistics and supply chain firm Delhivery for Rs 360 crore through an open market transaction. According to the bulk deal data available with the National Stock Exchange (NSE), Chimetech Holding Ltd sold more than 76.64 lakh shares, amounting to a 1.04 per cent stake in Delhivery. The shares were disposed of at an average price of Rs 470.01 apiece, taking the transaction value to Rs 360.25 crore. As of December 2023, Chimetech Holding Ltd owned 1.31 per cent shareholding in Delhivery. Details of the buyers could not be ascertained. The scrip of Delhivery declined 1.78 per cent to settle at Rs 464.70 apiece on the NSE. In another bulk deal on the NSE, Amansa Holdings offloaded shares of pharmaceutical company Suven Pharmaceuticals for Rs 215 crore through an open market transaction. Amansa Holdings sold 31.26 lakh shares of Suven Pharmaceuticals at an average price of Rs 689.19 apiece, taking the deal size to Rs 215.48 cror

FPI inflows remain muted in February amid high valuations, shows data

Overseas funds seen favouring less expensive Korea, Taiwan markets

National Stock Exchange tweaks methodology for inclusion of companies

Lays more emphasis on 'free-float' mcap as selection criteria for small and midcap index

Supreme Court issues notice in Chitra Ramkrishna's dark fibre case

The court has directed Ramkrishna to deposit half of the Rs 25 lakh penalty to stay the operation of the SAT order. The case will likely be heard again in March

Street signs: Sebi's deep dive, Exicom's IPO power surge, and more

Electric vehicle charging firm Exicom Tele-Systems' Rs 430 crore initial public offering (IPO) is likely to break the recent weak listing trend

Benchmarks slip, broader indices rally; PSB, FMCG, IT stocks weigh

Stock market highlights on February 23, 2024: Asian Paints, Maruti Suzuki, HCL Tech, NTPC, SBI, TCS, JSW Steel, IndusInd Bank, Bharti Airtel, ITC, Axis Bank, and TCS were the top laggards

GPT Healthcare's Rs 525 cr IPO gets 37% subscription on first day of offer

The initial share sale of GPT Healthcare Ltd, which operates and manages mid-sized multi-specialty hospitals under the ILS Hospitals brand, received 37 per cent subscription on the first day of offer on Thursday. The Initial Public Offering (IPO) received 72,43,360 bids for shares against 1,97,63,327 shares on offer, as per NSE data. The category for Retail Individual Investors (RIIs) got subscribed 66 per cent, while the quota for non-institutional investors received 18 per cent subscription. On Wednesday, GPT Healthcare Ltd said it has collected Rs 157.54 crore from anchor investors. The Rs 525 crore IPO is a combination of a fresh issue of equity shares aggregating to Rs 40 crore and an Offer For Sale (OFS) of up to 2.6 crore equity shares by private equity firm BanyanTree Growth Capital II. BanyanTree, which holds 2.6 crore shares or 32.64 per cent stake, in Kolkata-based GPT Healthcare, is divesting its entire shareholding in the company. Price range for the offer is Rs 177-

Juniper Hotels' Rs 1,800 cr IPO gets 23% subscription on 2nd day of offer

The initial share sale of Juniper Hotels, which runs hotels under the Hyatt brand, received 23 per cent subscription on the second day of offer on Thursday. The Initial Public Offering (IPO) received bids for 66,03,040 shares against 2,89,47,367 shares on offer, as per NSE data. The category for Retail Individual Investors (RIIs) got subscribed 87 per cent, quota for non-institutional investors received 14 per cent subscription, and the portion for Qualified Institutional Buyers (QIBs) received a mere 6 per cent subscription. On Tuesday, Juniper Hotels said it has garnered Rs 810 crore from anchor investors. The IPO is entirely a fresh issue of equity shares worth Rs 1,800 crore and the price band is Rs 342-360 apiece. Funds to the tune of Rs 1,500 crore will be utilised for repayment of debt availed by the company and subsidiaries -- Chartered Hotels Pvt Ltd and Chartered Hampi Hotels Pvt Ltd. Besides, a portion of the proceeds will be used for general corporate purposes. The .

Sensex gyrates 1,175 pts intraday, ends 535 pts higher; Nifty tops 22,200

Stock market highlights on Thursday, February 22, 2024: The Nifty50 index hit a record high of 22,252.5 in late deals

ETF turnover tops Rs 1 trillion for second year on the trot, shows data

Set to surpass previous year value of Rs 1.2 trillion

NSE, Goa govt ink pact to facilitate fund raising for MSME sector

The National Stock Exchange (NSE) on Tuesday said it has collaborated with the Goa government to spread awareness among MSMEs of the state regarding fundraising through the IPO mechanism using its platform. As part of the pact, NSE with the support of the Goa government will conduct awareness drives through seminars, MSME (Micro, Small & Medium Enterprises) camps, knowledge sessions, roadshows, and workshops to guide corporates across the state for fundraising on the NSE Emerge platform and handhold companies in the listing process. "Listing on NSE Emerge platform shall provide an alternate source of investment raising opportunity for growing SMEs by accessing public capital along with enhancing goodwill and gaining visibility and credibility," Mauvin Godinho, Minister of Transport, Industries, Panchayat, Protocol, Government of Goa, said. Sriram Krishnan, Chief Business Development Officer of the bourse said that NSE Emerge enables SMEs to raise capital efficiently and increase ..

Market regulator Sebi rejects NSE's settlement plea in co-location matter

The market regulator refunded Rs 300 crore to the exchange following the directions by the Supreme Court in the same case

Red-hot smallcaps, PSUs run into rough weather; Sensex falls 523 points

Profit-taking on valuation concerns triggers collapse

NSE Q3 results: Profit rises 8% to Rs 1,975 cr, income at Rs 3,517 cr

The National Stock Exchange (NSE) on Saturday reported an 8 per cent rise in consolidated net profit to Rs 1,975 crore for three months ended December 2023. The consolidated income from operations stood at Rs 3,517 crore for the October-December quarter of the current financial year (2023-24), a surge of 25 per cent year-on-year, NSE said in a statement. Apart from trading, the total revenue was also supported by other revenue lines, including listing, index services, data services and co-location facility, the exchange added. During the first nine months of FY24, NSE contributed Rs 28,131 crore to the exchequer, which comprised STT (Securities Transaction Tax) of Rs 23,137 crore, Income tax (Rs 1,490 crore), Stamp duty (Rs 1,456 crore), GST (Rs 1,257 crore) and Sebi charges (Rs 791 crore). On the trading volumes front, cash markets recorded an average daily traded volumes (ADTVs) of Rs 80,512 crore, a growth of 50 per cent on a year-on-year (YoY) basis, equity futures reached an A

Capital Small Finance Bank's Rs 523 cr IPO subscribed 50% on Day 1 of offer

The initial share sale of Capital Small Finance Bank Ltd received 50 per cent subscription on the first day of bidding on Wednesday. The Rs 523 crore-IPO got bids for 40,77,696 shares against 81,47,373 shares on offer, as per data available with the NSE. The portion for Retail Individual Investors (RIIs) got subscribed 67 per cent while the quota for non-institutional investors received 38 per cent subscription. The category for Qualified Institutional Buyers (QIBs) got subscribed 29 per cent. The Initial Public Offering (IPO) has a fresh issue of up to Rs 450 crore and an offer for sale of up to 15,61,329 equity shares. Those selling shares in the OFS include Oman India Joint Investment Fund II, American Capital, and Amicus Capital Private Equity. The IPO comes in a price range of Rs 445-468 a share. Capital Small Finance Bank on Tuesday collected Rs 157 crore from anchor investors. It will utilise the proceeds from the fresh issue towards augmenting the tier-I capital base to