Global Ocean Logistics India is launching its initial public offering this week. The freight forwarding firm aims to raise Rs 30.41 crore through a fresh issue of shares. The IPO is priced between Rs 74 and Rs 78 per share. Proceeds will fund working capital and general corporate needs.Read More
Shipwaves Online is set to list on the BSE SME platform today with no grey market premium, indicating muted investor expectations for immediate listing gains. The company’s Rs 56.35 crore IPO, which closed on December 12, offered shares at Rs 12 apiece.Read More
Vedanta’s demerger plan has received formal approval from the NCLT. This will create five separate listed companies. Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, and Vedanta Iron & Steel will become independent. The residual Vedanta Limited will house Hindustan Zinc. This move aims for sharper focus and independent capital access for each business.Read More
Protean eGov Technologies is set to gain investor attention after announcing its acquisition of a 4.95% stake in NSDL Payments Bank. This strategic move aims to bolster Protean’s digital financial infrastructure, fostering partnerships and developing scalable solutions for underserved segments. The collaboration leverages NSDL Payments Bank’s digital-first platform to expand Protean’s reach in citizen-centric financial...Read More
Aditya Birla Sun Life Nifty 50 ETF has outperformed its benchmark by nearly 12% this financial year, a feat achieved by strategically tendering shares into a buyback at a premium. This “passive-plus” approach, also benefiting its Nifty IT ETF, aims to offset fees and generate incremental alpha for investors.Read More
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