KIMS Healthcare Limited saw a significant block deal on [Date], where approximately 2% of its equity changed hands. The transaction was valued at Rs 392.10 crore. Block deal details: Value: Rs 392.10 crore Shares: 15.7 lakh (2% stake) Floor price: Rs 2,497 (1% discount to previous closing) Market reaction: Stock […]
Orient Technologies shares made a strong debut on the stock exchanges on Wednesday, August 28, 2024. The shares opened trading at a significant premium of 40% to their initial public offering (IPO) price. This positive listing reflects strong investor interest in the company and is a promising sign for its […]
Favorable Global Scenario: The global scenario is conducive to the growth of India’s rubber black industry due to environmental concerns and high input costs impacting carbon black production in China, leading to reduced exports. This creates an opportunity for India to emerge as a major exporter to both the EU […]
Acquisition Value: Zomato is acquiring Paytm’s entertainment and ticketing business for Rs 2,048 crore. Strategic Rationale: Zomato aims to expand its presence in the ‘going-out’ segment, while Paytm seeks to focus on its core financial services. Brokerage Views: Bernstein, Jefferies, and Nomura view the acquisition positively, citing potential benefits such […]
Kalyan Jewellers is one of the largest jewellery retailers in India. The company has a strong presence in both the domestic and international markets. Kalyan Jewellery , one of India’s largest jewelry retailers, has reportedly been involved in significant block deals worth approximately ₹3,585 crore. These transactions were executed at […]
The Indian Renewable Energy Development Agency (IREDA), a green financing non-banking financial company (NBFC), is considering raising up to Rs 4,500 crore through a Qualified Institutional Placement (QIP), right issue or other means. The company informed exchanges about this on August 21. A board meeting will be held on Thursday, […]
The IPO of Orient Technologies was well-received on its first day, being subscribed 6.64 times. The company offered 74.49 lakh shares, but received bids for nearly 4.95 crore shares. Retail investors were particularly enthusiastic, with their portion being subscribed 6.67 times. The IPO has a price band set between ₹195 […]
Axiscades Technologies, a leading engineering solutions provider, has announced that its subsidiary, Epcogen, has secured a significant contract from a UK-based energy storage technology company, Highview Power. The contract is for the engineering, construction, and procurement (EPC) of a large-scale liquid air energy storage (LAES) facility in Manchester, UK. This […]
Massive Premium: The stock opened at Rs 199.5 per share, compared to the IPO price of Rs 105. Strong Demand: The IPO was oversubscribed 200 times, indicating significant demand from investors. Business Model: Sunlite Recycling Industries specializes in recycling copper scrap, focusing on environmentally friendly practices
A significant block deal took place on August 20 involving Zomato’s shares, where approximately ₹5,438.50 crore worth of shares were sold. The likely seller in this transaction was Antfin Singapore Holding, a subsidiary of the Alibaba Group. The deal involved 21 crore shares, representing a 2.4 percent stake in Zomato. […]