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Amir Chand Jagdish Kumar (Exports) Ltd has secured Rs 60 crore from anchor investors. This precedes their Rs 440 crore initial public offering opening on March 24. The company, known for its Aeroplane basmati rice brand, plans to use the funds for working capital and general corporate needs. The IPO will see a fresh issue of shares.
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Ashish Kacholia sold his entire 1.44% stake in Brand Concepts via a bulk deal worth ₹3.9 crore. The sale follows weak microcap performance, with the stock down 36% over a year and 6% today.
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Nifty 50 ended lower, dragged by banks, auto, and consumer stocks amid Iran-Israel tensions, rising crude prices, and rupee lows, with key support breached at 22,930 and bearish momentum prevailing.
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In the wake of the HDFC Bank crisis triggered by chairman Atanu Chakraborty’s surprise quitting, Sebi chairman Tuhin Kanta Pandey on Monday said independent directors need to act responsibly, and back up any insinuations with evidence.
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Nifty 50 and Sensex fell sharply, dragged by banks, auto, and consumer stocks amid Iran-Israel tensions, high crude prices, and rupee lows, with bearish momentum persisting and volatility elevated.
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