BSE’s Board Approves Share Buyback via Tender Offer at Rs. 816 per Share
On Thursday, June 6, BSE’s board of directors approved a share buyback proposition of up Rs. 374.80 crores at Rs. 816 per share. This price is almost 20% more than the previous day’s closing price of Rs. 680.35 per share. The buyback will be executed via a tender offer, and the record date is yet to be decided by the buyback committee.
Disclaimer:
1. This blog is exclusively for educational purposes.
2. Such representations are not indicative of future results.
3. The securities quoted are exemplary and not recommendatory.
4. Investments in securities market are subject to market risk, read all the related documents carefully before investing: http://bitly.ws/oTzH
Source: Livemint
Date: July 6, 2023
On Thursday, June 6, BSE’s board of directors approved a share buyback proposition of up Rs. 374.80 crores at Rs. 816 per share. This price is almost 20% more than the previous day’s closing price of Rs. 680.35 per share. The buyback will be executed via a tender offer, and the record date is yet to be decided by the buyback committee.
Disclaimer:
1. This blog is exclusively for educational purposes.
2. Such representations are not indicative of future results.
3. The securities quoted are exemplary and not recommendatory.
4. Investments in securities market are subject to market risk, read all the related documents carefully before investing: http://bitly.ws/oTzH
Source: Livemint
Date: July 6, 2023
Demerger of Reliance Industries’ Financial Unit Gets NCLT’s Approval
Reliance Industries revealed in a stock exchange filing that it has received the approval of the National Company Law Tribunal for the demerger and listing of its financial services unit. The approval was granted in an NCLT order dated June 28, 2023. Earlier this year, Reliance Industries announced its plans to demerge its financial services arm into Reliance Strategic Investments Limited (RSIL), rename it as Jio Financial Services Limited (JFSL), and list it in the markets.
Disclaimer:
1. This blog is exclusively for educational purposes.
2. Such representations are not indicative of future results.
3. The securities quoted are exemplary and not recommendatory.
4. Investments in securities market are subject to market risk, read all the related documents carefully before investing: http://bitly.ws/oTzH
Source: The Economic Times
Date: July 6, 2023
Reliance Industries revealed in a stock exchange filing that it has received the approval of the National Company Law Tribunal for the demerger and listing of its financial services unit. The approval was granted in an NCLT order dated June 28, 2023. Earlier this year, Reliance Industries announced its plans to demerge its financial services arm into Reliance Strategic Investments Limited (RSIL), rename it as Jio Financial Services Limited (JFSL), and list it in the markets.
Disclaimer:
1. This blog is exclusively for educational purposes.
2. Such representations are not indicative of future results.
3. The securities quoted are exemplary and not recommendatory.
4. Investments in securities market are subject to market risk, read all the related documents carefully before investing: http://bitly.ws/oTzH
Source: The Economic Times
Date: July 6, 2023
Cyient DLM Shares List at a Premium of 52% On The National Stock Exchange
Following the IPO of Cyient DLM, the company’s shares listed on the stock exchanges at a premium on Monday, July 10. When compared with the issue price of Rs. 265, the shares were listed at a premium of 52.1% at Rs. 403 on the NSE, and at a premium of 51.3% at Rs. 401 on the BSE. The public issue, which started on Tuesday June 27 and ended on Friday June 30, received a highly positive response from retail, qualified institutional buyers (QIBs), non-institutional investors (NIIS), and employees, with subscription rates of 52.17 times, 95.87 times, 47.75 times, and 2.60 times, respectively.
Disclaimer:
1. This blog is exclusively for educational purposes.
2. Such representations are not indicative of future results.
3. The securities quoted are exemplary and not recommendatory.
4. Investments in securities market are subject to market risk, read all the related documents carefully before investing: http://bitly.ws/oTzH
Source: Livemint
Date: July 10, 2023
Following the IPO of Cyient DLM, the company’s shares listed on the stock exchanges at a premium on Monday, July 10. When compared with the issue price of Rs. 265, the shares were listed at a premium of 52.1% at Rs. 403 on the NSE, and at a premium of 51.3% at Rs. 401 on the BSE. The public issue, which started on Tuesday June 27 and ended on Friday June 30, received a highly positive response from retail, qualified institutional buyers (QIBs), non-institutional investors (NIIS), and employees, with subscription rates of 52.17 times, 95.87 times, 47.75 times, and 2.60 times, respectively.
Disclaimer:
1. This blog is exclusively for educational purposes.
2. Such representations are not indicative of future results.
3. The securities quoted are exemplary and not recommendatory.
4. Investments in securities market are subject to market risk, read all the related documents carefully before investing: http://bitly.ws/oTzH
Source: Livemint
Date: July 10, 2023