Paving the way for BSE’s initial public offering (IPO) launch, the Securities and Exchange Board of India (Sebi) has given its final go-ahead to the draft prospectus for the estimated Rs 1,500-crore IPO by Asia’s oldest...
BSE sells 4.15% stake in CDSL
New Delhi: Leading bourse BSE has sold 4.15% stake in the Central Depositor Services (India) Ltd (CDSL) for a little over the Rs34 crore. The exchange has pared its stake in the depository to comply with the capital...
BSE plans to sell up to 30% stake in IPO
BSE, Asia’s oldest stock exchange, plans to sell up to 30% stake in its much-awaited initial public offer (IPO), which is expected to hit the market this financial year. The exchange plans to file draft papers...
Foreign SEs can buy up to 26% in BSE
Foreign SEs can buy up to 26% in BSE Foreign stock exchanges like London Stock Exchange or New York Stock Exchange would now be able to pick up stake in Bombay Stock Exchange (BSE) and other Indian bourses. The...
L&T arm inks pact with McDermott for subsea oil projects.
The hydrocarbon engineering arm of L&T has signed a long-term agreement with McDermott International for subsea projects in deepwater segment in the east coast of India. L&T Hydrocarbon Engineering Ltd (LTHE)...
TVF Media Labs partners with Pocket Aces to launch webseries on Youtube, also testing out analytics tool for CMS
TVF Media Labs partners with Dice Media, digital video division of entertainment startup Pocket Aces to launch their mockumentary comedy ‘Not Fit’ on Youtube beginning on the 12th of December. The webseries...
Astarc Ventures, Others Invest In Tech Startup Absentia
Virtual reality headset maker, Absentia has secured about R1.2 Cr in seed round led by a clutch of investors including Astarc Ventures and 50K Ventures. The company plans to use the funds towards marketing for a global...
Paramount Global exited Reliance’s Viacom18 with attractive returns: Top executive
Paramount Global’s sale of its 13.01% stake in Viacom18 to Reliance Industries (RIL) has provided the company with an opportunity to exit the Indian joint venture (JV) with an attractive return on investment, a top...
GMR Airports Infra to buy stake in WAISL for Rs 57 crore
GMR Airports Infrastructure on Tuesday announced acquiring an 8.4 per cent stake in WAISL, which provides digital infrastructure services at airports, as the company looks to strengthen its presence in airport-related...
Apollo Hospitals share price falls 8% post stake sale and Keimed merger
Shares of Apollo Hospitals on Monday fell up to 8% to the day’s low at Rs 5,738 on BSE after the company’s subsidiary Apollo HealthCo (AHL) agreed to sell a 16.8% stake for Rs 2,475 core ($300mn) to Advent...
ITPCL debt restructuring: NCLAT rejects SBI’s objection on liquidation value provided by PNB
Appellate tribunal NCLAT has rejected SBI’s pleas opposing the liquidation value of ITPCL provided by the debt-ridden firm’s lead banker PNB and said the country’s largest lender cannot “wriggle...
Indus Towers share declines 3% after Airtel dismisses talks of acquiring stake
The shares of Indus Towers declined 3% on Wednesday on BSE to the day’s low of Rs 348 after Sunil Mittal-owned Bharti Airtel dismissed news of being in talks to acquire a stake in the company. Earlier reports had said...