Page 2 - Shares

Abans Holdings IPO receives 46% subscription on third day of offer

The initial public offering of Abans Holdings, financial services arm of the Abans Group, got subscribed 46 per cent on the third day of offer on Wednesday. Abans Holdings' Initial Public Offer (IPO) received bids for 58,75,155 shares against 1,28,00,000 shares on offer, as per NSE data. Qualified Institutional Buyers (QIBs) category received 2.19 times subscription, while Retail Individual Investors (RIIs) portion got subscribed 32 per cent and non-institutional investors 17 per cent. The IPO of up to 1.28 crore equity shares has a fresh issue of up to 38 lakh equity shares and an offer for sale of up to 90 lakh equity shares. Price range for the offer is at Rs 256-270 a share. Proceeds from the fresh issue will be utilised towards investment in its NBFC subsidiary, Abans Finance, for financing the augmentation of its capital base to meet future capital requirements and for general corporate purposes. The company operates a diversified global financial services business, providi

Beware of information paucity and liquidity risk in unlisted shares

Even seasoned investors should bet only 5-10% on such securities

Over a billion unclaimed shares in IEPF, shows Lok Sabha data

Less than 2% of such shares with IEPF make their way back to investors, shows data before Lok Sabha

CPPIB buys shares of FSN E-Commerce Ventures worth Rs 299 crore

Canada Pension Plan Investment Board (CPPIB) on Thursday bought over 1.70 crore shares of Nykaa's parent company FSN E-Commerce Ventures for Rs 299 crore through an open market transaction. CPPIB purchased a total of 1,70,81,850 shares of the company, as per bulk deal data available with the BSE. The shares were acquired at an average price of Rs 175.25 apiece, taking the aggregate value to Rs 299.35 crore. Meanwhile, Mala Gopal Gaonkar disposed a total of 5.75 crore shares of the company. The company's stock is in focus as the mandatory lock-in period for pre-offer investors came to an end on November 10. On Thursday, shares of FSN E-Commerce Ventures closed 0.57 per cent higher at Rs 185.55 on BSE.

TPG Capital to sell Nykaa shares worth Rs 1,000 cr via block deal on Friday

American private equity firm TPG Capital is likely to sell shares of Nykaa worth Rs 1,000 crore through a block deal

Lighthouse India Fund offloads Rs 525-cr shares of FSN E-Commerce Ventures

Lighthouse India Fund III on Wednesday offloaded shares of Nykaa's parent company FSN E-Commerce Ventures worth Rs 525 crore through open market transactions. According to the bulk deal data available with the BSE, Lighthouse India Fund III, an affiliate of Lighthouse Advisors, sold 3 crore shares of the company. The shares were sold at an average price of Rs 175.13 apiece, taking the aggregate value to Rs 525.39 crore. However, buyer(s) of the shares could not be ascertained. On Wednesday, shares of FSN E-Commerce Ventures closed 3.91 per cent lower at Rs 184.50 on BSE. In a separate transaction, Sion Investment Holdings Pte sold shares of CMS Info systems for Rs 100 crore. Sion Investment Holdings Pte offloaded 30,01,100 shares at an average price of Rs 333.05 per scrip, taking the transaction value to Rs 99.95 crore, as per bulk deal data available with the National Stock Exchange (NSE). Meanwhile, SmallCap World Fund acquired the shares of the company at the same price. CMS

TMS Ep301: G20 presidency, India's 5G tech, tech stocks, transfer of shares

What does the G20 presidency mean for India? How indigenous is India's 5G technology? Should you bet on new-age tech stocks after a mixed Q2? How to transfer shares? All answers here

How to transfer shares?

Staying with the theme of financial markets, most of us know how to purchase shares. But what if you want to transfer their ownership? Let's know how to do it

Musk sells additional Tesla shares worth $3.4 bn towards Twitter deal

With this, he has offloaded almost $20 billion in Tesla shares this year. The world's richest man sold $8.4 billion in Tesla shares in April and another $6.9 billion in August.

Britannia Industries' shares jump nearly 10% after Q2 profit beat

Shares of India's Britannia Industries Ltd rose as much as 10% on Monday, after the Good Day and Tiger biscuits maker reported late Friday a 28.4% jump in second-quarter consolidated net profit

Hero MotoCorp shares fall over 2.5% after Q2 earnings announcement

Shares of Hero MotoCorp on Friday fell by over 2.5 per cent after the company reported a 9 per cent decline in its consolidated net profit for the second quarter ended September 30. The stock declined 2.47 per cent to Rs 2,580.55 on the BSE. At the NSE, it dipped 2.54 per cent to Rs 2,579.05. Hero MotoCorp on Thursday reported a 9 per cent decline in its consolidated net profit at Rs 682 crore for the second quarter ended September 30, mainly due to enhanced expenses and a slight dip in sales during the period. The country's largest two-wheeler maker had reported a net profit of Rs 748 crore in the July-September period of the previous fiscal. The revenue from operations rose to Rs 9,158 crore in the September quarter compared to Rs 8,539 crore in the year-ago period, Hero MotoCorp said in a regulatory filing. The company's total expenses during the September quarter rose 9 per cent to Rs 8,292 crore from Rs 7,641 crore a year ago. The two-wheeler major said it has sold 14.28 la

'Offer for sale' mechanism to get mega boost as Sebi relaxes norms

Among other things, the cooling-off period required between two OFSs has been reduced to as less as two weeks from 12 weeks at present

HCC's shares jump nearly 20% on completing debt resolution plan

Co to hive off part of debt, receivables to a SPV; to hold 49% stake in SPV

Air India's future market share depends on aviation sector's probabilities

Its aim for a third of the domestic market by 2027 is contingent on a host of factors, many of them outside its control

IndusInd Bank's stock rally has more legs; up to 35% upside likely: Experts

IndusInd Bank has addressed key issues that were an overhang on the counter at the bourses - the biggest being the reappointment of its managing director and chief executive officer

ACC, Ambuja Cements shares tank over 5% on concerns over encumbrance

The Adani group holds 63.15 per cent in Ambuja Cements and 56.69 per cent in ACC (of which 50.05 per cent is held through Ambuja Cements)

Large-panel TVs' share has tripled in 5 years to over 40%: CRISIL report

Sharp 35-40% decline in prices over the past five years has been the key growth driver; other tailwinds include greater rising incomes, higher OTT consumption and deeper web penetration

LIC stk hovers around June lows but analysts remain bullish, see 37% upside

he stock of India's biggest life insurer closed at Rs 655 apiece on the BSE on Friday, marginally above its record low of Rs 650, hit on June 20, 2022

Three entities offload over 4 mn PVR shares worth Rs 759.14 crore

Three different entities have offloaded 40.45 lakh shares of multiplex operator PVR on Thursday that are worth Rs 759.14 crore through open market transactions. Plenty Private Equity FII I sold 7,62,499 shares of the company at an average price of Rs 1,877.14 apiece, according to bulk deal data available on the BSE. Plenty Private Equity Fund I offloaded 10,76,259 shares of the firm at an average price of Rs 1,887.04 and Gray Birch Investment sold 22,06,743 shares at Rs 1,871.18 apiece. Gray Birch Investment sold its entire holding in the firm. As per the company's June quarter shareholding pattern available on the BSE, Gray Birch Investment held 22,06,743 shares or 3.61 per cent as public shareholder, while Plenty Private Equity FII I held 15,24,998 shares or 2.50 per cent stake in PVR. Plenty Private Equity Fund I held 21,52,517 shares or 3.52 per cent stake in the company. Shares of PVR fell 4.40 per cent to settle at Rs 1,844.50 apiece on the BSE.

Abrdn sells 2% stake in HDFC Life at Rs 574 a share, mops up Rs 2,469 cr

Societe General bought shares worth Rs 469 cr, Integrated Core Strategies bought shares worth Rs 287 cr and Norges Bank bought shares worth Rs 234 cr