SEBI has recently barred Kotak Mahindra Asset Management Company (AMC) from introducing any FMP or fixed maturity plans for the upcoming 6 months. The market regulator also imposed Rs. 50 lakhs worth of fines on the AMC for violating provisions of the SEBI Act and hurting investor’s interests. Let’s take a look at what caused …
Bharti Airtel, on 29 August 2021, announced to raise funds via rights issuance. Owing to ‘present economic conditions’ and a future business strategy, the telco is seeking to raise capital amounting to Rs. 21,000 crores. The company is looking to raise funds to enter and sustain itself in the upcoming and competitive 5G market. Below is …
Capital markets regulator SEBI has on Wednesday directed depositories to use blockchain technology to ensure that record keeping of securities is safe and monitored. The distributed ledger technology (DLT), on which blockchain is based, would be used to record and track the credit ratings of NCDs or non-convertible debentures, according to SEBI. The technology would …
An Overview ReNew Power Pvt Ltd announced on Tuesday that it had finished a “business combination” with RMG Acquisition Corporation II of the United States. In February, ReNew Power revealed a partnership with RMG II, a blank-check business, offering India’s largest renewable power supplier a market capitalization of $8 billion and a NASDAQ listing. A …
An Overview On 24th August, Infosys Ltd stock struck a new high, bringing the business’s market capitalization above $100 billion, making it the fourth Indian company to do so. On the BSE, shares touched a new high of Rs. 1,755.60 per share, bringing the market capitalization to Rs. 7.44 trillion, or $100 billion. The stock …
The National Stock Exchange (NSE) has announced the inclusion of Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) in its indices such as Nifty 500 and Nifty Smallcap 25 and Nifty Midcap 150. The changes, which will be implemented from September 30, are aimed at drawing more investment interest into these trusts. According …
Last Tuesday, 24 August 2021, shares of Aptus Value and Chemplast Sanmar got listed on the bourses at a discount to the issue price. Thus, both these stocks continued the trend observed in the case of CarTrade as well as Nuvoco Vistas in the prior two sessions. On that note, let us find out how …
Despite the strong upsides for the cement sector in India, Nuvoco Vistas failed to make an impressive debut on the bourses. To elaborate, the shares of Nuvoco Vistas were listed at Rs. 485 apiece on NSE. The issue price of this share was Rs. 570 a piece, which means shares were listed on the stock exchange …
Affle India’s board of directors is scheduled to meet on 26 August 2021 to take a call on the split of equity shares. Subjected to approval from its stakeholders, the company has confirmed this in an official statement. Let’s uncover more details below. Why this Stock Split? Essentially, stock split is a move where a …
Famous food tech giant Zomato’s shares slumped by 9% on the BSE on Monday, 23 August 2021. This followed after the end of mandatory lock-in period of 30 days set for the anchor investors. Shares of the online food delivery company plummeted over 3% to reach Rs. 123 per share on the BSE in Tuesday’s …
