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Sebi on Monday overhauled the pricing norms for preferential allotment of units by Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs). Under the new framework, the pricing formula for allotment of units under preferential issue would be the Volume-Weighted Average Price (VWAP) of weekly highs and lows for 90 trading days or 10 trading days, whichever is higher. At present, the pricing formula in a preferential allotment is the VWAP of the last Read More

LIC has diluted its stake in Nagpur Power & Industries by over 2 per cent through open market sales, bringing down its stake to 8.33 per cent. The government-owned life insurance behemoth in a regulatory filing on Thursday said its shareholding in Nagpur Power & Industries has diluted from 10.56 per cent (13,82,743 shares) to 8.33 per cent (10,90,747 shares) of the paid-up capital of the company. There is a decrease of 2 per cent Read More

Parag Milk Foods Ltd on Wednesday announced that it has raised a total of Rs 131 crore through preferential allotment from marquee investors and promoters. In a regulatory filing, the company said investors have invested Rs 113 crore and promoters about Rs 18.75 crore looking at the promising growth strategy. “The current proceeds of preferential shares and warrants would be utilised to fund our long-term capital requirements and to enhance the working capital needs,” Parag Read More

The ever-rising carbon footprint will damage the world permanently, and what’s even more concerning is that India stands 3rd on the list of ‘Top 10 Polluting Countries’ after China and the US. The after-effects of pollution can already be felt in the air and our bodies. As we all know, the climate crisis is on top of the list for many nations. This has also been the driving force behind India’s electric mobility commitment toward Read More

Commodity prices traded mixed with Bullion prices witnessing recovery in the last trading day while silver failed to end in green. Crude oil prices ended lower on demand growth worries and higher supply from the US. Base metals kept firm trading supported by weaker dollar and positive global cues. Gold prices traded higher with spot gold prices at COMEX rose by 1.14% to $1728 per ounce for the week. Gold August futures at MCX gained Read More