Suba Hotels, an Ahmedabad-based hotel chain, has raised over Rs 21 crore from anchor investors ahead of its IPO launch on September 29. The company aims to raise Rs 75.47 crore through the initial public offering.
Utkarsh Small Finance Bank is considering a fundraising proposal through the issuance of equity shares. Here’s what Indian investors need to know about this development and its potential impact on the bank’s operations and growth prospects.
The National Stock Exchange of India has crossed the 12-crore mark in unique registered investors, with the total number of investor accounts standing at 23.5 crore. This milestone is a testament to the growing interest in the Indian stock market, driven by digitization, greater fintech access, and supportive policy measures.
Pace Digitek Ltd. has raised Rs 245.14 crore from anchor investors ahead of its initial public offering, allotting 1.12 crore shares at Rs 219 apiece to 16 anchor investors.
SEBI rejects Seacoast Shipping Services Ltd.’s excuse for fund diversion, citing lack of evidence and contradictory statements. The company’s promoters claimed the funds were used as ransom for the kidnapping of a promoter’s son.
Polycab India’s promoters and a public shareholder sold a combined 1.55% stake in the company, raising nearly Rs 1,740 crore through open market transactions. Foreign investors such as JP Morgan and Morgan Stanley were among the key buyers.
Foreign portfolio investors continue their selling streak, offloading over Rs 4,900 crore in shares, while domestic institutional investors remain net buyers, amidst a declining market trend.
The ongoing saga of US Federal Reserve Governor Lisa Cook’s potential firing by President Donald Trump has significant implications for global financial markets, including India. Understand the context and potential impact on Indian investors.
HSBC believes the time is right for foreign investors to return to India after an extended period of weakness and macro turmoil. Find out why and which stocks to bet on.
GK Energy shares are set to list on BSE and NSE on September 26. Check the latest grey market premium, price prediction, and other details.