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Prabhudas Lilladher Group’s Co-Owner and Joint Managing Director Amisha Vora has acquired a 96% stake in the group, up from 24% earlier.
She will now be the Chairperson and Managing Director.
Acquisition has been approved by the SEBI, exchanges, and the RBI.
Vora has been associated with the group since 2000 and became a 24% stake owner in 2007.
Source: Press release
Keystone Realtors IPO was fully subscribed as of 2 p.m. on day 3.
Bidding was led by institutional investors. (2.26 times)
The offer closes November 16.
Source: BSE
The broader indices underperformed their larger peers with mid-cap index losing 0.31% and small-cap index gaining 0.06%.
Fourteen out of the 19 sectoral measures complied by the BSE declined, with BSE Metal losing the most over 1%
The market breadth is skewed in the favour of bears. About 1,599 stocks rose, 1,788 fell and 151 remained unchanged.
IDFC said the media report on IDFC merger getting delayed on fair value issue is baseless, false and misleading and from unidentified sources.
The company is committed to its ongoing corporate restructuring plan to enhance shareholders' value.
The company added that it cannot and does not comment on market speculation.
Source: Exchange filing
– Edtech startup Simplilearn has raised around $45 million (Rs 360 crore) from a consortium led by GSV Ventures.
– Clal Insurance and DisruptAD, Abu Dhabi Sovereign Wealth Fund’s venture platform also participated in this round.
Source: Press Release
Shares of Bikaji Foods listed at Rs 321.15 per share on the BSE, a premium of 7.05% to its IPO price of Rs 300.
On the NSE, the stock listed at Rs 324.60, a 8.20% premium.
Its IPO was subscribed 26.67 times.
Source: BSE, NSE
Shares of Global Health listed at Rs 398.15 per share on the BSE, a premium of 18.5% to its IPO price of Rs 336.
On the NSE, the stock listed at Rs 401, a 19.3% discount.
Its IPO was subscribed 9.58 times.
Source: BSE, NSE
The broader indices outperformed their larger peers with MidCap and SmallCap gaining 0.23% and 0.19% respectively. While LargeCap underperformed its larger peers by losing 0.15%.
Eleven out of the 20 sectoral measures complied by the BSE advanced, with BSE Auto and Consumer Durables gaining the most.
The market breadth is skewed in the favour of bulls. About 1,480 stocks rose, 1004 fell and 121 remained unchanged.
Yield on the 10-year bond opened flat at 7.26% on Wednesday.
Source: Bloomberg
Indian currency depreciated by 28 paise to 81.38 at the open against the greenback on Wednesday. It closed at 81.10 on Tuesday.
Source: Bloomberg
The board of PTC India Financial Services has approved the results for quarter and year ending Mar. 31, 2022.
The company is awaiting the signed Independent Auditor Report, which is expected shortly.
Source: Exchange filing
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Global Health: The company, which operates hospital chain Medanta, will list its shares on BSE and NSE. The shares were issued at Rs 336 apiece, over a face value of Rs 2. The maiden public offering received bids for 9.58 times the equity shares on offer. The QIB portion was subscribed 28.64 times, while the non-institutional investor basket was subscribed 4.02 times. The retail portion was subscribed 88% by the close of the issue on Nov. 7.
Bikaji Foods International: Equity shares of face value Re 1 will be listed on BSE and National Stock Exchange at an issue price of Rs 300 each on Nov. 16. The IPO was subscribed 26.67 times between Nov. 3 to 7. The QIB basket was subscribed 80.63 times, whereas non-institutional investors subscribed their portion 7.1 times. The retail portion was subscribed 4.77 times, and the employee portion was subscribed 4.38 times.
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