Andhra Pradesh former CM YS Jagan Mohan Reddy HYDERABAD: Andhra Pradesh former CM YS Jagan Mohan Reddy has approached the Hyderabad bench of National Company Law Tribunal (NCLT) against his mother YS Vijayamma and sister YS Sharmila, urging it to cancel the July 6, 2024, transfer of shares of Saraswati Power and Industries Private Ltd…
Representative image Supermart major Vishal Mega Mart on Thursday filed its updated draft papers with capital markets regulator Sebi to float Rs 8,000-crore through an initial public offering (IPO). The proposed IPO will be entirely an offer-for-sale (OFS) of shares by promoter Samayat Services LLP, with no fresh issue of equity shares, according to the…
Representative Image The initial public offering (IPO) of Baazar Style Retail was subscribed 7.6 times on Day 3 of the bidding process after sailing through on the second day, driven by strong demand from Non-institutional investors. Around noon, the quota reserved for retail individual investors (RIIs) was subscribed 5.5 times. The issue was subscribed 22…
New Delhi: Private equity major Warburg Pincus on Thursday sold a 6.45 per cent stake in jewellery retailer Kalyan Jewellers for Rs 3,584 crore via open market transactions. Meanwhile, the Singapore government, Fidelity, Nomura, HSBC Mutual Fund (MF) and Citigroup Global Markets acquired stakes in the company. US-based Warburg Pincus through its affiliate Highdell Investment…
NEW DELHI: Shares of Trump Media & Technology Group, which owns the social networking site Truth Social, are rising shortly after the opening bell on Friday, following former US president Donald Trump’s conviction in his hush money trial. A New York jury found Trump guilty of falsifying business records in a scheme to illegally influence…
Aditya Birla Fashion and Retail Ltd has reported a consolidated net loss of Rs 266.35 crore for the fourth quarter ended March 2024. The company had posted a net loss of Rs 194.54 crore during the January-March quarter a year ago, according to a regulatory filing from Aditya Birla Fashion and Retail Ltd (ABFRL). Its…
Go Digit Insurance IPO: The initial public offering (IPO) of Go Digit Insurance, supported by Virat Kohli, opens for subscription today and runs until May 17. The IPO includes a fresh equity issue of Rs 1,125 crore and an offer for sale (OFS) of up to 5.47 crore shares.As per an ET report, during the…
NEW DELHI: Ekagrah Rohan Murty, N R Narayana Murthy’s five-month-old grandson who was gifted 15 lakh shares by the Infosys founder recently, is set to earn Rs 4.2 crore, thanks to the Bengaluru-IT company declaring a bumper final and special dividend totalling Rs 28 per share.Murthy had gifted 15 lakh shares to Ekagrah valued at…
Mumbai: BlueStone Jewellery, an online-first jeweller backed by Ratan Tata, plans to raise around ₹2,000 crore through an IPO, people familiar with the matter said. The startup is seeking pitches from investment bankers to underwrite and market the IPO that is likely to involve diluting a 10-15% stake, comprising a fresh issue of shares and…
Birkenstock beat analysts’ expectations for fourth-quarter sales and forecast annual revenue above estimates on Thursday, in the German luxury sandal maker‘s first results since going public, betting on higher pricing and strong demand. The company’s sandals and clogs retail for as much as $350 a pair, and the strong results follow signs of ebbing global…
