The initial share sale comprises fresh issuance of equity shares worth Rs 150 crore and an offer for sale of 1.32 crore equity shares by promoters and an investor.
Britannia Industries reported a 23 per cent year-on-year decline in its consolidated net profit to Rs 384.22 crore, which was below analysts’ expectations of Rs 447 crore.
BOI General Manager Retail Business Rajesh Ingle said Bank of India has reoriented the banking services with retail customer as focal point by designing products that are aligned to customer needs. Moreover, the scheme will offer a maximum of 90% financing on the total cost of the vehicle, which includes insurance and registration. Customers can also opt for EMI starting with Rs 1,502 per lakh on a 7-year repayment period.
“IT, automobile, banking, telecom and pharmaceuticals are likely to do relatively better,†says UTI MF fund manager.
Revenue from operations rose to Rs 4,907.81 crore in the second quarter as compared with Rs 4,244.43 crore in the year-ago period, MRF said in a regulatory filing.
A total of 525,146 shares changed hands on the counter till 02:12PM (IST).
Data showed six stocks were showing bearish trends. They included Sterling & Wilson, HG Infra Engineering, Alkali Metals, P&G Hygiene, Remsons Industries and Gujarat Apollo Industries.
Pollen DeFi stated that the protocol will be open to whitelisted users who can begin building community credibility (in the form of a ‘reputation’ score), compete for a position on the community leaderboard, and, in turn, will have a chance to earn mainnet Pollen ($PLN) governance tokens.
I believe that the Indian new-age IPO market is in a bubble. A big one at that. And promoters are rushing head over heels to bring their loss-making enterprises to the market to secure their own futures. No one is questioning how much of the IPO is an OFS (offer for sale), where the existing promoters and investors are dumping their own holdings on to public shareholders.
Shares of Nykaa are going to make their Dalal Street debut on Wednesday, November 10. The company was earlier scheduled to list on Thursday. The counter is commanding a strong premium in the grey market, signalling a blockbuster listing of the new-age startup.
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