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Bandhan Bank shares fell over 6% to Rs 228.40 on Thursday after the bank informed stock exchanges that it has received a binding bid of Rs 801 crore from an Asset Reconstruction Company (ARC) for its written-off portfolio. The bank received the offer on a security receipts consideration basis, for the written-off portfolio with an outstanding of Rs 8,897 crore. The bank said, “it shall go for bidding as per the Swiss challenge method and Read More

Fintech player Zaggle Prepaid Ocean Services Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering. The IPO (initial public offering) comprises a fresh issue of equity shares worth Rs 490 crore and an offer for sale (OFS) component of 1.05 crore stocks by promoters, investors, and other shareholders, according to the draft red herring prospectus (DRHP). Those offering shares in the OFS include promoters — Raj Read More

Leading wine producer Sula Vineyards on Wednesday said it has fixed a price band of Rs 340-357 a share for its Rs 960-crore initial public offering (IPO), which will open for subscription on December 12. The three-day initial share sale will conclude on December 14 and the bidding for anchor investors will open on December 9, the company said in a statement. The public issue will be entirely an offer for sale (OFS) aggregating to Read More

Gold Price Today, Gold Price Outlook, Gold Price Forecast: The gold rate was positive on Monday as a result of positive global cues, while the silver rate was up 1.13%. On Multi Commodity Exchange, gold February futures were trading at Rs 54,209 per 10 grams, up Rs 359 or 0.67%. Silver March futures were trading Rs 749 up at Rs 67,198 per kg on MCX. Globally, the yellow metal hit a five-month high on Monday as Read More

Oil slipped on Thursday as a U.S. interest rate hike pushed up the dollar and fuelled fears of a global recession, although losses were capped by concerns over tight supply. Brent crude shed 37 cents, or 0.4%, to $95.79 a barrel at 0426 GMT, while U.S. West Texas Intermediate (WTI) crude futures dipped 60 cents, or 0.7%, to $89.40. Both benchmarks settled up more than $1 on Wednesday, aided by another drop in U.S. oil Read More