Shares

Indowind Energy approves allotment of 1.75 cr shares for Rs 12 per share

Indowind Energy Ltd on Friday said its board has approved the allotment of over 1.75 crore shares for Rs 12 per equity share. This price includes a premium of Rs 2 on each share, Indowind Energy said in a regulatory filing. "In the meeting held on March 31, 2023, the Board considered and approved the allotment of 1,75,93,294 equity shares at a price of Rs 12 per equity share (including a premium of Rs 2 per equity share) (allotment)," it said. In view of the above, the paid-up equity share capital of the company has increased from Rs 89,74,14,860 (8,97,41,486 equity shares of Rs 10 each) to Rs 107,33,47,800 (10,73,34,780 equity shares of Rs 10 each), it added.

IDFC First Bank to issue 377.5 million share to IDFC Financial Holding

This comes after IDFC Ltd decided to infuse Rs 2,200 crore into the bank as growth capital

Shares of seven Adani Group end higher, Adani Enterprises jumps 2%

Shares of seven Adani Group companies out of the ten listed entities settled higher on Friday, with Adani Enterprises jumping 2 per cent amid a positive momentum in equity markets. At the close of the session, seven of the group firms including Adani Enterprises closed in the green territory while three were in the red. Shares of Adani Enterprises climbed 1.88 per cent to settle at Rs 1,877.15 per scrip on BSE. The flagship firm's market valuation rose to Rs 2.13 lakh crore. Adani Transmission closed at Rs 1,024.85 and Adani Green Energy at Rs 816.80. The scrip of these companies bounced 5 per cent each and also closed at their upper price bands on the bourse. Shares of Adani Wilmar jumped 1.52 per cent to end at Rs 427.35 apiece, Adani Total Gas rose 1.07 per cent to settle at Rs 897.95 and Adani Power went up 0.60 per cent to close at Rs 199.95. Also, shares of Adani Ports and Special Economic Zone (APSEZ) gained 0.14 per cent to settle at Rs 680.10 per scrip on the BSE. On the

Swiss central bank throws lifeline to Credit Suisse after shares pummelled

Swiss regulator FINMA and the nation's central bank sought to ease investor fears around Credit Suisse, saying it "meets the capital and liquidity requirements imposed on systemically important banks"

Kirloskar Oil Engines' promoter entities sell 17.71% stake for Rs 825 cr

Kirloskar Oil Engines' promoter entities on Wednesday divested 17.71 per cent stake in the company for Rs 825 crore through open market transactions. The promoter and promoter group which offloaded the shares include Jyotsna Gautam Kulkarni, Ambar Gautam Kulkarni and Nihal Gautam Kulkarni. Nomura Trust and Banking Co. Ltd, Societe Generale, Sageone Investment Managers LLP, the Regents of the University of California, BNP Paribas Arbitrage, Max Life Insurance Company and DSP Mutual Fund, among others, were the buyers of the shares. According to the block deal data available with the National Stock Exchange (NSE), the promoter and promoter group sold a total of 2,56,22,987 shares, amounting to 17.71 per cent stake in the company. The shares were sold at an average price of Rs 322 each scrip, taking the total transaction value to Rs 825.06 crore. On Wednesday, shares of Kirloskar Oil Engines rallied 20 per cent to settle at Rs 390.05 apiece -- its 52-week high -- on the NSE.

Adani Enterprises rallies 3%, closes at month's high after 6-day streak

Shares of Adani Group companies closed higher on Wednesday, with the flagship Adani Enterprises closing at a month's high following a six-day gaining streak. Some of the group stocks also hit their upper circuit levels after the group announced that it has repaid share-based financing of Rs 7,374 crore (over USD 900 million) and will prepay all such remaining loans by the end of the month. The NSE and the BSE on Monday announced that the flagship Adani Enterprises will be moved out from the short-term additional surveillance measure (ASM) framework, which also bolstered the group stocks. Adani Enterprises shares climbed 2.86 per cent to end at Rs 2,039.65 on the BSE to extend gains for a sixth day on the trot. The market capitalisation of the flagship firm rose to Rs 2.32 lakh crore as the stock soared nearly 70 per cent in the six-day rally. In addition, shares of Adani Ports and Special Economic Zone (APSEZ) spurted 3.22 per cent to settle at Rs 712.75. Adani Power closed higher

Pantomath buys 37.2% in broking firm Asit C Mehta through subsidiary

Deal struck at Rs 151.4 a share, makes Pantomath arm Cliqtrade Stockbrokers a co-promoter

European shares struggle, bond yields jump after bright economic data

Euro zone business activity gathered steam, expanding much faster than thought, according to a survey, buoyed by a growth in services even as the manufacturing sector shrank

Adani Group firms pledge shares for lenders of AEL: SBICAP Trustee

SBICAP Trustee said it had received the pledges in its capacity as "security trustee" of the lenders of Adani Enterprises

Symphony Ltd consolidated Q3FY23 PAT jumps 86% y-o-y to Rs 39 crores

Air cooler and appliances maker Symphony on Wednesday reported 85.71 per cent jump in consolidated net profit at Rs 39 crore for the third quarter ended December 2022. The company had logged a net profit of Rs 21 crore in October-December period a year ago, Symphony said in a regulatory filing. Revenue from operations rose 35.12 per cent to Rs 277 crore during the quarter under review against Rs 205 crore in the year-ago period. This was led by robust off-season sales and quite positive and buoyant trade sentiment during the quarter, Symphony said in its earnings statement. The company's revenue from the Indian market was at Rs 198 crore, while the global markets contributed Rs 79 crore. Total expenses in the quarter were Rs 243 crore, up 32.06 per cent as compared to the year-ago period. Symphony also said its board, in a meeting held on Wednesday, approved a share buyback of Rs 200 crore, buying back up to 10,00,000 equity shares at Rs 2,000 per scrip, subject to shareholders'

Decoded: What exactly is a public float and why is it so important?

Shares held by non-promoters are called public float or public shareholding

Adani Enterprises allots Rs 5,985-cr worth shares to anchor investors

Maybank, ELM Park large buyers in anchor category of FPO; MFs abstain

Sebi penalises individual for manipulating Panafic Industrials share prices

The order came after Sebi received complaints alleging receipt of SMS urging investors to buy the scrip of PIL

European shares slip as China data stokes economic slowdown fears

China's growth for 2022 of 3% was far below the official target of about 5.5%. Excluding a 2.2% expansion after COVID-19 first hit in 2020, it was the worst showing in nearly half a century

Tata Motors shares jump 6%; market valuation climbs Rs 7,859.89 crore

Shares of Tata Motors jumped 6 per cent on Tuesday after the company-owned Jaguar Land Rover reported a 15 per cent increase in wholesales to 79,591 units for the third quarter ended December 2022. The stock rallied 6.07 per cent to settle at Rs 413.05 apiece on the BSE. During the day, it climbed 7.26 per cent to Rs 417.70. On the NSE, it gained 5.91 per cent to end at Rs 412.50 per share. It was the biggest gainer among the Sensex and Nifty components. The company's market valuation also zoomed Rs 7,859.89 crore to Rs 1,37,185.89 crore on the BSE. In volume terms, 19.60 lakh shares of the firm were traded on the BSE and over 5.40 crore shares were traded on the NSE during the day. In the broader market, the 30-share BSE Sensex tanked 631.83 points or 1.04 per cent to settle at 60,115.48. The company's retail sales for the third quarter stood at 84,827 units, up 5.9 per cent compared to the year-ago period, it said in a regulatory filing on Monday. Jaguar Land Rover (JLR) said

Indian shares open lower ahead of Fed minutes release; metals slide

Indian shares opened lower, ahead of the US Federal Reserve's release of minutes from its December meeting, in which the central bank is expected to give a glimpse of its policy tightening path

Indowind Energy to allot 35.8 mn shares worth Rs 43 cr under rights issue

Indowind Energy board on Tuesday approved a rights issue of 3.58 crore equity shares for Rs 43.07 crore. The right issue will be opened on January 27, 2023, and will be closed on February 10, 2023, a BSE filing showed. The board meeting held today, i.e. December 27, 2022, has inter alia considered and approved the terms of the rights issue, it added. The size of the rights issue is 3,58,96,594 fully paid-up equity shares for an amount aggregating to Rs 43,07,59,128 at an issue price of Rs 12 per piece, including a premium of Rs 2 per scrip. The record date for the issue will be January 13, 2023, (Friday) for the purpose of determining the names of the equity shareholders who would be eligible to receive the rights entitlement in the issue (Eligible Equity Shareholders). The outstanding equity shares prior to the rights issue are 8,97,41,486 equity shares while post rights issue, those would be 12,56,38,080 equity shares assuming full subscription. Two equity shares will be allott

Not part of any negotiations': UTI AMC on Tata acquisition reports

There were similar reports in August 2022 and UTI AMC had then denied having any knowledge about it

Surprise corporate actions by Indian tech darlings spur scrutiny

While within the rules, experts not convinced by buyback move of fintech firms

JSW Energy (Barmer) Limited issues bonus shares worth Rs 995 crore

JSW Energy arm JSW Energy (Barmer) Ltd has issued over 99 crore bonus shares worth Rs 995.90 crore. "JSW Energy (Barmer) Ltd, wholly-owned material subsidiary of the company, has completed a bonus issue of 99,59,09,996 fully paid-up equity shares of Rs 10 each amounting to Rs 9,95,90,99,960," according to a regulatory filing on Friday. Before the issuance of bonus shares, the company's share capital was 1,99,18,19,998 fully paid-up equity shares of Rs 10 each, amounting to Rs 19,91,81,99,980. The bonus shares are issued out of the Capital Redemption Reserve.