Indira IVF Hospital has withdrawn its confidential IPO filing, citing commercial considerations. The decision coincides with the release of a biopic on its founder, raising speculation about SEBI’s concerns over indirect promotion.
The announcement comes as PEL shares closed at ₹978.65 on NSE, down 1.24% ahead of the disclosure.
Shares of SBI Life Insurance Company Ltd ended at ₹1,548.15, down by ₹8.25, or 0.53%, on the BSE.
The offer price is reportedly fixed at ₹1,117.6 per share, representing a 0.5% discount to the company’s current market price (CMP). The total size of the block deal is estimated at ₹611.6 crore, the sources added.
The deal with Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT) marks NBCC’s first major foray into redevelopment in Maharashtra, following its success in transforming Delhi’s urban landscape. Shares of NBCC (India) Ltd ended at ₹81.06, down by ₹2.12, or 2.55%, on the BSE.
The offer price for the transaction is set at ₹1,625 per share, reflecting a 4.9% discount to the current market price. Shares of JB Chemicals and Pharmaceuticals Ltd ended at ₹1,703.40, down by ₹22.30, or 1.29%, on the BSE.
MSMEs are the largest employment generators in India. Unlike large corporations where automation dominates, MSMEs create opportunities for millions, said BVR Subrahmanyam.
Shares of Bank of India Ltd ended at ₹105.15, down by ₹0.64, or 0.60%, on the BSE.
Stocks to watch, Bharat Forge, Wipro, Bandhan Bank, BSE, Info Edge, HDFC Bank, TVS Motor, Vedanta, MSTC and more, these are the stocks to watch for tomorrow.
Foreign institutional investors (FIIs) continued their buying spree for the fifth straight session on March 26, even as markets snapped a seven-day rally.
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