The initial public offer of solar cell and module manufacturer Premier Energies got subscribed 74.09 times on the last day of subscription on Thursday. The ₹2,830 crore initial share sale received bids for 3,30,76,25,013 shares against 4,46,40,825 shares on offer, according to an update with the NSE. The portion for Qualified Institutional Buyers (QIBs) attracted…
Target: ₹2,647 CMP: ₹2,142.90 Protean eGov Technologies Ltd (Protean) provides IT services. It is in the business of offering citizen services, e-governance solutions, system integration, business process re-engineering, data center co-location, and IT consulting services for citizens, corporates and the Government. Protean plays one of the most important and critical role in promoting financial inclusion…
Small and medium REITs have received a positive response from the industry, SEBI chairperson Madhabi Puri Buch said on Thursday. Buch said that there is an imbalance of power between large institutions and small investors, and regulations have helped foster trust in the system. “When SEBI launched a concept on small and medium REITs, the…
Capital market regulator SEBI has granted approval to IndusInd International Holdings for acquiring the portfolio management services business of Invesco AMC. SEBI’s approval marks the completion of a crucial phase in IIHL’s 60 per cent acquisition of Invesco AMC and leaves only one final regulatory approval before the transaction can be completed, sources said. An…
Target: ₹150 CMP: ₹142.30 Zee Entertainment (Zee) and Sony India (Sony) have entered into an agreement to settle all merger-related disputes and release each other from all document claims. The settlement also includes withdrawal of all claims for the $90 million termination fee, and litigation/other related costs. Earlier in Apr-24, Zee had withdrawn its merger…
The Indian stock market ended on a positive note on Thursday, August 29, 2024, with both benchmark indices closing higher amid volatile trading on the monthly futures and options (F&O) expiry day. The BSE Sensex gained 349.05 points, or 0.43 per cent, to close at 82,134.61, while the NSE Nifty50 rose 99.60 points, or 0.4…
Anlon Technology Solutions Limited (ATSL) has signed a distribution agreement with LION Protects B.V. of the Netherlands, the company announced today. The deal authorises ATSL to market, distribute, and sell LION’s training products in India, as well as provide training solutions and maintenance services. The shares of Anlon Technology Solutions Limited were trading at ₹469,…
HFCL Limited has completed one of the world’s largest control and user plane separation (CUPS) architecture-based broadband network gateway (BNG) deployments for Bharat Sanchar Nigam Limited (BSNL). The project, valued at about ₹390 crore, was initiated in October 2022. The shares of HFCL Limited were trading at ₹146.59, up by ₹0.23 or 0.16 per cent,…
Tata Consultancy Services (TCS) has extended its partnership with international fashion retailer Primark to transform the company’s technology operations over the next five years. The expanded collaboration, announced today, aims to support Primark’s global growth plans. The shares of Tata Consultancy Services (TCS) were trading at ₹4,519.20 up by ₹13.15 or 0.29 per cent on…
Sonata Software, a modernisation engineering company, has secured a multi-year, multimillion-dollar IT outsourcing contract with a leading US-based healthcare and wellness company. The announcement of the deal, finalised in June 2024, follows an earlier disclosure during Sonata’s Q1FY25 earnings call on July 31. The shares of Sonata Software were trading at ₹653.70, up by ₹29.20…
