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Clean Max Enviro Energy Solutions, India’s top C&I renewable energy provider, received Sebi approval for its ₹5,200 crore IPO, comprising ₹1,500 crore fresh issue and ₹3,700 crore OFS. Proceeds will mainly fund debt repayment, expansion, and corporate purposes.
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Nifty closed higher after a three-day fall, supported by IT and pharma gains but faced resistance near 25,650. Analysts see near-term consolidation. Experts recommend Indian Metals, Lumax Auto, Nykaa, BHEL, and SAIL for potential upside.
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BofA acquired ICICI Bank and Apollo Hospitals shares worth Rs 88 crore in Monday’s block deals, while Goldman Sachs was the seller. ICICI Bank closed marginally higher, whereas Apollo Hospitals slipped 1.4% amid mixed trading sentiment.
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Tata Motors’ commercial vehicle arm (TMCV) will debut on exchanges on November 12, completing the automaker’s demerger into two listed entities—one for CVs and another for PVs, EVs, and JLR. Analysts see strong value unlocking potential.
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Indian markets closed higher on Monday with Sensex up 319 points and Nifty rising 82 points, tracking global optimism over a potential US government shutdown resolution and strong Q2 earnings-driven investor sentiment.
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