Tata Motors share price jumps 7% today after company announces demerger
Tata Motors shares surged over 7% in morning trade on Tuesday after the company announced demerger of its businesses into two separate listed entities.
Markets Desk at BusinessUpturn.com
Tata Motors shares surged over 7% in morning trade on Tuesday after the company announced demerger of its businesses into two separate listed entities.
IIFL Finance share price on Tuesday saw a 20% decline soon after opening as investors turned cautious after the Reserve Bank of India barred the company from sanctioning or disbursing any new fresh gold loans.
Foreign and Domestic Institutions who participated in the anchor were Massachusetts Institute of Technology, Carnelian, Pinebridge and SBI General Insurance Company.
The IPO has a face value of Rs 5 and consists of a fresh issue of Rs 617.69 crore and an offer for sale of up to 14.28 million equity shares by the Promoter and Promoter Group Selling Shareholders and Individual Selling Shareholder.
The strategic partnership aims to revolutionize the maritime industry by focusing on the development of Green Energy and Autonomous Vessels.
This directive, effective immediately, comes as the RBI conducted an inspection of IIFL Finance's financial position as of March 31, 2023, revealing several significant supervisory concerns within the company's gold loan portfolio.
This restructuring initiative follows a period of successful independent operation for the company's commercial vehicles, passenger vehicles, and JLR businesses, each led by their respective CEOs since 2021.
The Initial Public Offering of Mukka Proteins Limited was subscribed 136.87 times on the final day of bidding.
Suryoday Small Finance Bank (SSFB) has revised interest rates on fixed deposits w.e.f March 01, 2024. Interest rates in 25 months tenor was revised by 41 basis points (bps).
Patel Engineering Limited (PEL), in collaboration with its joint venture partner, has been awarded the Letter of Acceptance (LOA) by the Irrigation & CAD Department, Government of Telangana.
The Bank is also offering a 7.5% interest rate to the senior citizens on Tax Saver fixed deposits for the tenure of 5 years.
Ekalavya Foundation successfully mobilized funds amounting to approximately INR 85.30 lakhs. These funds will play a pivotal role in facilitating the training of tribal farmers in the state of Telangana.
The Initial Public Offering of Bharat Highways InvIT was fully subscribed on the second day of bidding.
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