The Department of Telecommunications (DoT) issued a warning today about Vodafone Idea’s inability to pay mandatory bank guarantees for prior spectrum auction dues, which caused shares of the business to plunge over 7%, trading at Rs 8.90 on the National Stock Exchange (NSE). Vodafone Idea was accused of not providing the required bank guarantees for […]
In an October 5, 2024, exchange filing, the Life Insurance Corporation of India (LIC) revealed a substantial increase in its ownership of Bank of Maharashtra, from 4.05% to 7.10%. This rise is in response to the Qualified Institutional Placement (QIP) allocation of 25.96 crore equity shares at a price of ₹57.36 per share. To improve
Bank of Maharashtra stock in focus after LIC raises stake via QIP Read More »
The Life Insurance Corporation of India (LIC) has boosted its interests in the Bank of Maharashtra and Apollo Tyres, which are expected to ignite investor interest in both firms on October 7. The statements, which revealed LIC’s expanding participation in these important industries, were made through regulatory filings. On October 4, the share price of
LIC increases its investment in Apollo Tyres and Bank of Maharashtra Read More »
On Monday, October 7, NBCC’s stock increased by more than 4%, since the scrip became ex-bonus today. The company’s board meeting on August 31, 2024, approved the issuance of bonus shares in a 1:2 ratio. NBCC’s board approved the issuing of one fully paid-up equity share for every two existing shares, subject to shareholder approval
NBCC stock up over 4% as stock trades ex-bonus today Read More »
On Monday morning, the price of Jio Financial Services’ shares increased by over 3%. The business declared that it has obtained SEBI’s in-principle approval to do mutual fund business with BlackRock. On Monday, the share price of Jio Financial Services opened at ₹346.90 on the BSE, over 2.4% higher than its previous closing. Following that,
Senco Gold’s stock price surged by 10% to reach a 52-week high during Monday’s trading session, following the announcement on Friday by the company’s board on the division of equity shares. The board also approved the Qualified Institutional Placement (QIP) and other authorised means of funding up to ₹500 crore. Senco plans to divide one
Senco Gold shares surge 10% due to a stock split and fundraising plans Read More »
