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Mumbai: Domestic institutions, including mutual funds and Life Insurance Corporation of India (LIC), hold the key to allowing Subhash Chandra-led promoter entities to increase their stake in Zee Entertainment Enterprises Ltd. That's when Norges Bank, the company's largest overseas investor, has given its assent. LIC (4.49%), HDFC Mutual Fund (3.66%) and ICICI Prudential Mutual Fund (3.04%) together own over a tenth of the outstanding shares of Zee as of 31 March, making their decision crucial. ...Read More >
New Delhi [India], July 7(ANI): The Directorate of Enforcement (ED), Jaipur Zonal Office, conducted earch operation on Friday at everal location in Jaipur and Kota ditrict of Rajathan under the proviion of the Prevention of Money Laundering Act (PMLA), 2002, in the cae of the Debock Indutrie Ltd (DIL) Scam, aid the releae. ED, Jaipur Zonal Office ha conducted earch operation on 04.07.2025 at everal location in Jaipur and Kota ditrict of Rajathan at the reidence and office premie of the Chairman ...Read More >
New Delhi: Dr Subhash Chandra, the chairman emeritus of Zee Entertainment Enterprise (ZEEL) on Thursday, July 3, urged shareholders and investors to make their own decisions, rather than going by the recommendations of the proxy advisors. Dr Subhash Chandra said, "Our learned proxy advisors, and sometimes even some analysts, have their own reasons and points of view when they advise shareholders to vote for or against a resolution. At times, their personal bias may influence their recommendatio ...Read More >
New Delhi: In a setback to Bollywood actor Jacqueline Fernandez, Delhi High Court on Thursday dismissed her plea to end criminal proceedings in a Rs 200-crore money laundering case involving Sukesh Chandrasekhar, currently imprisoned for fraud.Justice Anish Dayal dismissed the plea that also sought to quash the chargesheet by the Enforcement Directorate and proceedings pending before the special court under the stringent Prevention of Money Laundering Act (PMLA) against her and others.A copy of ...Read More >
Mumbai: Tenneco Clean Air India Limited, a maker of automotive components, has submitted its draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) for approval. The company plans to raise Rs 3,000 crore through this public offering. This IPO will be entirely an Offer for Sale (OFS). That means no fresh shares will be issued. The funds raised will go to the selling shareholders, not the company itself. Who is Selling Shares and Managing the IPO? The shares wi ...Read More >
Mumbai: Apollo Hospitals Enterprises (AHEL), the country's largest listed healthcare chain, and its subsidiary Apollo HealthCo have decided to demerge their omnichannel pharma and digital health businesses (24x7 telehealth business) into a new entity that garners nearly $2 billion in annual revenues - already a record for India's fragmented drug-retailing industry. The business will be separately listed later. The composite scheme creates a formidable omnichannel pharmacy distribution and digit ...Read More >
NEW DELHI: The government on Saturday extended the term of the chairman of the Central Board of Direct Taxes (CBDT) Ravi Agrawal by one year, an official notification said.The Appointments Committee of the Cabinet approved the re-appointment of Agrawal, an IRS officer of the 1988 batch, as CBDT chairman for one year from July 1 this year to June 30, 2026, on contract basis.Agrawal took over as the CBDT chairman from Nitin Gupta in June 2024 after Gupta's extended tenure ended. Agrawal has been a ...Read More >
NEW DELHI: In a money laundering case against former Haryana Congress MLA Dharam Singh Chhoker who was arrested last month, enforcement directorate on Friday attached properties worth 557 crore, taking the total attachment in the case over 638 crore. The case involves entities linked to Chhoker and his associates, including Mahira Infratech, formerly Sai Aaina Farms Pvt Ltd. Properties attached include 35 acres of land in Gurgaon, both residential and commercial, spread across multiple sectors. ...Read More >
New Delhi, Jun 27 (PTI) The initial share sale of HDB Financial Services Ltd, a subsidiary of HDFC Bank, got subscribed 16.69 times on the closing day of bidding on Friday, amid encouraging participation from institutional buyers. The initial public offer (IPO) received bids for 2,17,67,62,140 shares against 13,04,42,855 shares on offer, according to details available on the NSE. Qualified Institutional Buyers (QIBs) part garnered 55.47 times subscription while the category for non-institution ...Read More >
New Delhi, Jun 27 (PTI) Education loan provider Credila Financial Services has filed its updated draft papers with capital markets regulator Sebi to raise Rs 5,000 crore through the initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares worth Rs 3,000 crore and an offer for sale (OFS) of shares for Rs 2,000 crore by promoter entity and an investor, aggregating the total size of the public issue to Rs 5,000 crore, according to the updated draft red herring prosp ...Read More >
New Delhi, Jun 27 (PTI) Education loan provider Credila Financial Services has filed its updated draft papers with capital markets regulator Sebi to raise Rs 5,000 crore through the initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares worth Rs 3,000 crore and an offer for sale (OFS) of shares for Rs 2,000 crore by promoter entity and an investor, aggregating the total size of the public issue to Rs 5,000 crore, according to the updated draft red herring prosp ...Read More >
New Delhi, Jun 26 (PTI) The initial share sale of HDB Financial Services Ltd, a subsidiary of HDFC Bank, subscribed 1.16 times on day two of the offer on Thursday. The Rs 12,500-crore initial public offer (IPO) received bids for 15,11,23,780 shares against 13,04,42,855 shares on offer, according to details available on the NSE. Non-institutional investors part attracted 2.29 times subscription, while the quota for qualified institutional buyers (QIBs) subscribed 90 per cent. The portion for re ...Read More >
These companies are mobilising funds to support capital expenditure requirements especially for expansion plans, repayment of borrowings, and for general corporate purposes.Source : Fisdom After a sluggish start to 2025, the primary market is showing signs of revival with over a dozen companies having lined up their IPOs in the next three to six months buoyed by a stabilizing secondary market and easing geopolitical tensions, merchant bankers said. Among the companies preparing to tap the capi ...Read More >
New Delhi, Jun 6 (PTI) SBI MF, Morgan Stanley and Goldman Sachs, among others, on Friday cumulatively bought a 1.8 per cent stake in Bajaj Finserv for Rs 5,506 crore from promoter entities. Besides, JP Morgan India, Citigroup Global, Societe Generale, SBI Life, BofA Securities and Barclays Merchant Bank (Singapore) were also among the buyers, as per block deal data on the NSE. Also Read | How To Activate Your UAN Online? Step-by-Step Guide As EPFO Extends Activation Deadline to June 30, 2025. ...Read More >
New Delhi, Jan 2 (PTI) The initial public offer of Indo Farm Equipment garnered a whopping 227.57 times subscription on the closing day of bidding on Thursday. The Rs 260-crore initial share sale received bids for 1,92,75,49,293 shares against 84,70,000 shares on offer, according to NSE data. The portion for non-institutional investors fetched a mammoth 501.65 times subscription. The quota for Qualified Institutional Buyers (QIBs) received 242.40 times subscription while the category for Retai ...Read More >
New Delhi: Supermarket chain Vishal Mega Mart has mobilised Rs 2,400 crore from anchor investors, an update with the exchange showed. Those who were allotted shares in the anchor round included SBI Mutual Fund, Government of Singapore, Nomura Funds Ireland Public Ltd, Axis Mutual Fund (MF), HDFC MF and ICICI Prudential MF, according to a circular uploaded on BSE's website. Overall, a total of 18 domestic mutual funds participated through 44 schemes, collectively accounting for 53.33 per cent o ...Read More >
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