The offer for sale (OFS) received bids for 58 million shares from institutional investors as against a total of 119 million on offer. Most bids came closer to the floor price of ₹395, data provided by stock exchanges showed. Another 11.9 million shares reserved for retail investors will be auctioned on Thursday. Shares of GIC Re fell 5.6 per cent to end at ₹398 in the secondary market trade.
Denne historien er fra September 05, 2024-utgaven av Business Standard.
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Denne historien er fra September 05, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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SOM Distilleries debuts in K'taka with Woodpecker beer
Bhopal-based SOM Distilleries and Breweries has entered the Karnataka market with \"Woodpecker\" premium beer, India's first twist cap beer.
Ambiguity over GST food rates in spotlight
The managing director (MD) of a famous restaurant chain in Tamil Nadu supposedly apologising to Union Finance Minister Nirmala Sitharaman in Coimbatore on Wednesday has triggered a political controversy.
Four states get six Vande Bharat trains
Prime Minister Narendra Modi on Sunday virtually flagged off six Vande Bharat trains for Jharkhand, Odisha, Bihar, and UP at Ranchi.
D2C brands hitch their wagon to quick-commerce
As quick commerce gains ground, emerging direct-to-consumer (D2C) brands are betting big on digital channels to drive growth.
UPS: SENSE & SENSIBILITY
As the govt embarks on a new pension scheme, what will be its fiscal implications?
Firms need time to comply with data protection law'
Companies will need time to comply with the Digital Personal Data Protection Act (DPDP) whose rules are to be released, according to VINAYAK GODSE, chief executive officer of Data Security Council of India (DSCI). It's a non-profit non-profit organisation set up by NASSCOM and works in cybersecurity and privacy. \"Companies will need to overhaul processes and adjust operations\", he said in an interview with Ashutosh Mishra in New Delhi. Edited excerpts:
There is a case for Al helping the law
The technology can assist in clearing the massive backlog in courts and in research, report ASHUTOSH MISHRA & BHAVINI MISHRA
Delaying buy decision may push costs higher amid rising prices
Pay 20-30% of cost as down payment; EMI should not exceed 40% of take-home salary
Bank not liable for lack of pledged goods cover
Shree Shakti Foam had applied to Canara Bank for a cash credit facility against the hypothecation of stocks.
India our APAC priority and primary market focus'
With markets looking forward to a rate cut by the US Federal Reserve (Fed) this week, BHASKAR LAXMINARAYAN, chief investment officer and head investment management Asia at Julius Baer, shares with Puneet Wadhwa that a 25-basis- point (bp) cut paired with a strong dovish message could be just as effective as a 50-bp cut with minimal commentary. The impact, he observes, will largely depend on the accompanying message and how it is interpreted. Edited excerpts:
