The Rs 1,087 crore IPO of Sedemac Mechatronics had opened for subscription from March 4 to March 6. The public issue was entirely an offer for sale (OFS) of about 80.43 lakh shares, meaning the company itself will not receive any proceeds from the issue and the funds will go to existing shareholders selling their stakes.Read More
The IPO has been priced in a band of Rs 99 to Rs 100 per unit, with the issue consisting entirely of a fresh issuance of 60 crore units. Since the offering is a fresh issue, the proceeds will be used to fund the trust’s infrastructure assets and related obligations.Read More
Indian markets saw a strong rebound on Tuesday, recovering some losses. Global cues improved and crude oil price worries eased. Several companies are in focus today. Nazara Technologies saw a significant block deal. IndiGo’s CEO stepped down. RIL is boosting LPG production. Vedanta calls for unlocking domestic resources. NTPC Green Energy added new solar capacity.Read More
Indian benchmark indices concluded March 10 on a strong note, with the Nifty surpassing 24,250. Analysts anticipate consolidation between 24,500 and 23,700, with immediate support at 24,150. The India VIX saw a significant drop, while foreign investors were net sellers.Read More
U.S. stocks declined as fading hopes for a swift end to the U.S.-Israeli war on Iran, coupled with renewed military threats and stagflation worries, weighed on investor sentiment. The Dow and S&P 500 fell, while the Nasdaq saw a slight gain amid market confusion and ongoing geopolitical tensions.Read More
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