Biocon shares in focus after announcing Biologics unit buyout, fund raise approval

Brokerage firm BofA Securities said that the deal will lead to a simplified corporate structure, and gives an option for debt reduction to Biocon.

Brokerage firm BofA Securities said that the deal will lead to a simplified corporate structure, and gives an option for debt reduction to Biocon.

Ahead of the opening, Wakefit raised ₹580 crore from anchor investors. Key allocations went to Ashoka Whiteoak, HDFC Life, Prudential Hong Kong, HDFC Mutual Fund, Axis Mutual Fund and others.

NACL Industries will be issuing up to 3.25 crore fully paid-up rights equity shares of face value of ₹1 each. Shares will be issued on a fully paid-up basis.

As an SFB, Fino Payments Bank will gain the ability to lend, accept unrestricted deposits and operate as a full-service bank.

The pre-open session will be applicable for the current months futures contracts only for both the single stocks and indices. However, in the last five trading days before the current monthly expiry, the session will be extended to next month’s…

On valuations, the company is seeking a P/E of 35.3 times based on annualised FY26 earnings, with a post-issue market cap of about ₹6,495 crore, making the issue appear fairly priced.

Sensex Today | Stock Market LIVE Updates: With the big domestic trigger out of the way last week with the RBI policy, the Nifty now braces for yet another IPO-heavy week and global cues to determine the road ahead. With…

Shares of Meesho Ltd are expected to be listed on the NSE and BSE on Wednesday, December 10.

The Aequs IPO listing date has been tentatively fixed as December 10. Shares of the company will be listed on the NSE and BSE.

The ₹300.01-crore IPO, which was open for subscription from December 3-5, was overall booked 26.59 times.