Category: Uncategorized

This is isn#39;t the first time Bajaj has offloaded shares. In June this year, Bajaj Finance offloaded 2.25 lakh equity shares in Landmark Cars.

The company has signed a contract with the acquisition wing of the Ministry of Defence for the construction and delivery of six Next-Generation Offshore Patrol Vessels (NGOPVs).

“They want this flight to be expedited, and they know the best party to ensure this is the one which brought them this far,” Modi said exuding confidence.

Satin Creditcare Network Ltd allotted equity shares to seven institutional investors, including ICICI Prudential Life Insurance Company, Societe Generale, among others, to raise around Rs 250 crore.

A series of Abakkus funds purchased 29.54 lakh equity shares or around 6.7 percent stake in the company at a price of Rs 1,103.6 per share.

Offering around Rs 23 crore through 4.99 crore shares, it was a pure fresh issue. The company plans to use the net proceeds to repay Rs 18 crore debt.

Satin Creditcare Network Ltd allotted equity shares to seven institutional investors, including ICICI Prudential Life Insurance Company, Societe Generale, among others, to raise around Rs 250 crore.

The acquisition is of strategic nature and will help the Tarsons Group to enhance its line of business.

Stocks to watch: Check out the companies making headlines before the opening bell today, December 21.

Looking ahead, there might be a consolidation phase for the Nifty in the near term.