The Surat city alone cuts and polishes 90 per cent of the world's rough diamonds. On its part, the government has taken several steps like declaring incentives to support the sector. The government is also focusing on the area for export promotion.
The SME, starting on December 21 and closing on December 27, will see its equity shares listed on the NSE's SME exchange platform. Priced at Rs 180 per share, the IPO has a total issue size of 3,480,000 shares.
The shares are expected to be listed on NSE Emerge around December 13. First Overseas Capital is the bookrunner, while Kfin Technologies serves as the registrar.
Promoters have also announced their intention to increase their stake in the company by 2-9% in the next 4-6 quarters. This is a positive sign for the company, as it shows that the promoters are confident in the company's future growth prospects.
This small-cap stock, operating in the paper industry, has delivered remarkable returns of approximately 600% in the past two years.
According to a BSE filing, the Rights Issue Committee has approved the allotment of over 20 crore fully paid-up Rights Equity shares at a price of Rs 2.40 per Rights Equity share, including a premium of Rs 1.40 per share.
In split, the face value of equity shares are sub-divided, as a result the total number of outstanding shares increase.
The New Delhi-based firm in an exchange filing said that that its total income in the quarter grew 24 per cent to Rs 262 crore as compared to Rs 211 crore in the corresponding period of the previous financial year.
The shares of the company will be listed on NSE Emerge, a platform for small and medium enterprises, Ahmedabad-based digital transformation and technology services company said in a statement.
The rights issue is of up to 49 crore equity shares at a price of Re 1 each, aggregating up to Rs 49.8 crore.
Recently, transport and logistics firm North Eastern Carrying Corporation has announced rights issue of equity shares.
According to BSE, pharmaceuticals major Sigachi Industries has said that the board is likely to announce the sub-division of equity shares. Its board will meet on August 2 to consider the sub-division of equity shares of face value of Rs 10.
The rationale behind the split of equity shares is to enhance the liquidity of the company’s equity shares and to encourage wider participation in the market.
A sub-division or split is a corporate action that is done to make the stock affordable and widen shareholders' base. It results in increasing the total number of outstanding shares in the market.
The share exchange ratio for the consolidation has been set at 155 value portions of IDFC First Bank for each 100 value portions of IDFC Restricted.
Retail wealth management firm Bajaj Capital is planning to tap the private equity space to raise funds to meet its ambitious growth plan in the underserved financial products distribution market.
Thiruvananthapuram: A Rs.474.03 crores rights issue of State Bank of Travancore will open on March 17 and close on March 31, the bank said in a statement here on Sunday.The issue is for 1,18,50,694 equity
Top News
Latest News
