GIC shares decline 6% as Rs 3,088 crore OFS opens at 9% discountThe government is set to divest up to a 5% stake in General Insurance Corporation of India (GIC) through an offer for sale, opening today a...
Sarvam joins unicorn club; Razorpay lines up IPOFresh funding has propelled Sarvam AI into the unicorn club. This and more in today’s ETtech Top 5.
Bottom-up stock picking key for outsized returns in current market: Sunny AgrawalGeopolitical tensions keep markets on edge. Market expert Sunny Agrawal highlights mid and small-cap companies offer better wealth creation...
Global firms exploit India's IPO boom to take profits back to home countriesForeign companies are listing their Indian units to send billions of dollars back home. These are mostly secondary offerings, not for raisi...
Stocks in news: Alkem Labs, Vedanta, Canara Bank, NHPC, Adani PortsMarkets closed higher on weekly expiry day despite volatility, with Nifty showing signs of recovery but facing resistance around 23,800-24,...
Mahanadi Coalfields gets govt nod for IPO; Coal India to dilute up to 25% stakeThe government approved the listing and disinvestment of Mahanadi Coalfields through an IPO, enabling Coal India to dilute up to 25% stake....
Kissht makes stock market debut at 12% premium over IPO priceDigital lending firm Kissht debuted on the BSE at a premium. The company's shares opened at Rs 191, climbing to Rs 208 by market close. Thi...
Coal India shares fall 3% after report says govt likely to sell Rs 10,000-crore stake via OFSCoal India shares fell on Thursday following a report about a potential government stake sale. The government may sell 3-4% of the company ...
A Rs 12 crore IPO sparked a Rs 2,700 crore frenzy last year. Now, the stock is down 50%The SME IPO of Resourceful Automobile saw over 400x subscriptions last year but later plunged 50%, raising concerns over sustainability. Se...
Zinc prices may cross $3,000 per tonne mark in Aug or Sept: Arun Misra, Hindustan ZincWe do not propose to do recycling company just now. So, together it will be two companies only. And we also believe that this price of the ...
GQG Partners buys 5.96% stake in Patanjali FoodsThe market cap of Patanjali Foods stood at ₹48,245 crore. At current valuation, GQG Partners' shareholding in Patanjali Foods is worth near...
Non-promoter shareholders allowed to sell stake via OFS: SebiThe OFS mechanism will now be available to companies with a market capitalisation of Rs 1,000 crore and above
HAL plunges 12% after its OFS opens for subscriptionIDBI Capital Markets & Securities, SBICAP Securities and YES Securities (India) will be acting as the seller’s broker for the offer. Of the...
Savvy investors make big gains in OFS of Rural Electrification CorpBrokers were more than happy to arrange the dormant demat accounts for these investors as they borrowed money to place bids in the OFS.
MMTC OFS commences at Rs 60/share; stock tanks 10%MMTC Ltd slipped 10 per cent in morning trade on Thursday as the company launched its one-day offer-for-sale (OFS) at a floor price of Rs 6...
- 22 cos tap OFS route for stake sale; firms raise Rs 39k crore
The companies having tapped the OFS route this year to help their promoters raise funds through sale of shares.
PNB has come out of the woods in terms of asset quality: Sudip BandyopadhyayGovernment has woken up to the idea of proper positioning, pricing of disinvestment candidates, says Sudip Bandyopadhyay.