With an upper price band of ₹220, the stock is expected to list at over a 111% premium, potentially delivering multibagger returns to investors who received allotments in the IPO.
The proposed changes follow a recent analysis by the Securities and Exchange Board of India (SEBI), which revealed the financial struggles of retail investors in the equity futures and options (F&O) segment.
Prosus owns 30.95%, while SoftBank and Accel own 7.75% and 6.08%, respectively, of Swiggy. Prosus is eligible to nominate two board members, while SoftBank and Accel can name one each.
Shares of the pharma company ended 1.3% lower at ₹1,442.00 on Tuesday.
These warnings follow the company’s handling of disclosures related to the resignation of Independent Director, Marc Desaedeleer.
Sources reveal the government has no plans to merge RINL with SAIL but is working on a restructuring package to ensure RINL’s future viability.
Coal India generally reports lower production in the first half of a financial year due to the monsoon months, while output picks up in the later half of the year.
According to CLSA, the recent surge in Nifty IT has created an unattractive risk-reward profile. Despite the notable gains, the brokerage points out that there haven’t been any significant revisions to earnings per share (EPS) estimates, indicating that the market’s…
Brent crude prices dropped by more than 2% on Tuesday, hitting a low of $69.91, as concerns about oversupply and weak demand overshadowed fears of escalating conflict in the Middle East.
From today, October 1, 2024, changes in stock market regulations have come into effect, impacting options and futures trading.