Poonawalla Fincorp Ltd has approved the allotment of 3.31 crore fully paid-up equity shares on a preferential basis to its promoter, Rising Sun Holdings Pvt Ltd, raising about ₹1,499.98 crore. The shares were allotted at a floor price of ₹452.51 per share (including premium), according to the company’s…
Waaree Energies Limited, the promoter of Indosolar Limited, has announced plans to sell up to 61 lakh equity shares, representing 14.66% of the company’s paid-up capital, through an Offer for Sale (OFS) mechanism on the stock exchanges. OFS Timeline and Structure Non-retail investors (T-day): September 18, 2025 Retail…
Cochin Shipyard Limited (CSL) has signed a contract with Oil and Natural Gas Corporation (ONGC) worth around ₹200 crore for dry dock and major lay-up repairs of one of ONGC’s jack-up rigs. The project is expected to be completed within 12 months. The company clarified that the order…
The Reserve Bank of India (RBI) has announced the early redemption price for the Sovereign Gold Bond (SGB) 2019-20 Series IV, originally issued on September 17, 2019. This follows recent redemption updates for SGB 2020-21 Series VI and SGB 2019-20 Series X. Redemption Price Fixed at ₹11,003 per…
Oman is presenting itself as a strategic and cost-effective hub for Indian businesses seeking to expand into the Gulf Cooperation Council (GCC) region. Leveraging its geographical proximity, cultural affinity, and strong connectivity with India, Oman is positioning itself as a reliable base for companies aiming to establish a…
Saatvik Green Energy IPO Details IPO Date September 19, 2025 to September 23, 2025 Listing Date [.] Face Value ₹2 per share Issue Price Band ₹442 to ₹465 per share Lot Size 32 Shares Sale Type Fresh Capital-cum-Offer for Sale Total Issue Size 1,93,54,838 shares (aggregating up to ₹900.00 Cr) Fresh Issue…
GK Energy IPO Details IPO Date September 19, 2025 to September 23, 2025 Listing Date [.] Face Value ₹2 per share Issue Price Band ₹145 to ₹153 per share Lot Size 98 Shares Sale Type Fresh Capital-cum-Offer for Sale Total Issue Size 3,03,43,790 shares (aggregating up to ₹464.26 Cr) Fresh Issue 2,61,43,790 shares…
The US Federal Reserve has lowered its benchmark interest rate by 25 basis points (bps), bringing the federal funds rate to a range of 4.00%–4.25%. The move, backed by an 11-1 vote in the Federal Open Market Committee (FOMC), also signaled the possibility of two more rate cuts…
The Steel Authority of India Ltd (SAIL), one of India’s leading public sector steelmakers and a Maharatna company, has supplied nearly 15,000 metric tons of steel for the 51-kilometer Bairabi-Sairang railway project in Mizoram, which was inaugurated by Prime Minister Narendra Modi. High-Grade Steel for the Project The…
Zydus Wellness, a leading FMCG company, has announced a stock split in the ratio of 5:1. Under this split, each equity share of ₹10 face value will be divided into five shares of ₹2 each. What the Stock Split Means The move will make Zydus Wellness shares more…