Why are Brigade Enterprises, Prestige Estates shares trading higher today?
Brigade Enterprises has raised ₹1,500 crore by selling equity shares to institutional investors, while Prestige Estates garnered ₹5,000 crore via QIP.
Brigade Enterprises has raised ₹1,500 crore by selling equity shares to institutional investors, while Prestige Estates garnered ₹5,000 crore via QIP.
The surge came after the aerospace and defence giant’s fundraising committee approved the QIP issue, setting the floor price at ₹1,685.18 per share with a potential discount of up to 5%.
The fundraising is part of IREDA’s plan to raise ₹24,200 crore in FY24-25; it garnered ₹1,500 crore via bonds in June this year.
Ecom Express, Smartworks Coworking, and Metalman Auto have submitted their DRHPs with SEBI to raise capital via IPO route.
The government holds a 29.54% stake in HZL while Vedanta owns 64.92% shares in the metal and mining company, which are largely pledged.
The holding company of the Godrej Group will raise the fund in one or more tranches, subject to the shareholders’ approval.
On Wednesday, Adani Energy shares gained 3.9% to ₹1,169.40 on the BSE, after ending 6.95% higher in the previous session.
Vedanta announced its first interim dividend of ₹11 apiece; to set up a new continuous cast copper rod facility in Saudi Arabia
The share price of Vedanta has more than doubled from its 52-week low of ₹207.85 touched on September 28, 2023.
The travel distribution platform looks to raise ₹1,550.81 crore via IPO at the upper end of the price band.