Indian Market - Lakshmishree News

Kaynes Tech Acquires Iskraemeco India for Rs 43 Crore to Enhance Energy Solutions Portfolio

Lisl News Desk / Indian Market / September 30, 2024

Kaynes Technology has acquired 100% ownership of smart meter company Iskraemeco India, previously held by Iskraemeco Switzerland A.G. and Iskraemeco Merjenje, for Rs 43 crore. This acquisition strengthens Kaynes Tech’s portfolio in energy management solutions, expanding its product and service offerings. Iskraemeco India is engaged in supplying, installing, operating and maintaining smart meters. The company […]

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Kumar Arch Tech Plans Rs 740 Crore IPO, Files Draft Papers with SEBI

Lisl News Desk / Indian Market / September 28, 2024

Kumar Arch Tech, a leading PVC blend-based building materials manufacturer, has filed draft papers with SEBI to raise Rs 740 crore through an initial public offering (IPO). The IPO will consist of a fresh issue of shares worth Rs 240 crore and an offer-for-sale of shares worth Rs 500 crore by promoters, as per the

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Temasek and TPG-Backed Dr Agarwal’s Healthcare Files for IPO With Rs 300 Crore Fresh Issue, 6.95 Crore Shares OFS

Lisl News Desk / Indian Market / September 28, 2024

Dr Agarwal’s Healthcare, backed by Temasek Holdings and TPG, has filed for an initial public offering (IPO) with the Securities and Exchange Board of India (SEBI) on September 27. The eye care services provider aims to raise funds through a mix of a Rs 300 crore fresh equity issue and an offer-for-sale (OFS) of 6.95

Temasek and TPG-Backed Dr Agarwal’s Healthcare Files for IPO With Rs 300 Crore Fresh Issue, 6.95 Crore Shares OFS Read More »

NSE Defers T+0 Settlement Cycle, Plans Live Trading from Disaster Recovery Site on Sept 30-Oct 1

Lisl News Desk / Indian Market / September 27, 2024

The National Stock Exchange of India (NSE) has postponed its plan to implement the T+0 rolling settlement cycle in the capital market segment, with a new date to be announced later. The T+0 system, introduced in March, allows for same-day trade settlements, providing an alternative to the T+1 cycle, which settles trades the next day.

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Torrent Pharma Shares Dip After CDSCO Flags Shelcal 500 in Quality Test

Lisl News Desk / Indian Market / September 27, 2024

Torrent Pharmaceuticals’ shares opened slightly lower on September 27 after the Central Drug Standards Control Organisation (CDSCO) reported that Shelcal 500, one of its popular calcium supplements, failed a quality test. Torrent Pharma refuted the findings, asserting that they did not manufacture the batch of Shelcal 500 flagged by CDSCO and is “spurious.” The company

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Shivalik Bimetal Sees Rs 500 Crore Block Deal with 81.8 Lakh Shares Traded

Lisl News Desk / Indian Market / September 27, 2024

On September 27, a block deal involving 81.8 lakh shares of Shivalik Bimetal Controls worth Rs 500 crore was executed at a floor price of Rs 611 per share, which represents a near one percent discount from the previous closing price. Details regarding the buyers and sellers involved in the deal are yet to be

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IT Services Provider Mouri Tech Files for Rs 1,500-Crore IPO with SEBI

Lisl News Desk / Indian Market / September 26, 2024

Mouri Tech, an IT solutions and services provider, has filed draft papers with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) worth Rs 1,500 crore. The IPO will include a fresh issue of equity shares valued at Rs 440 crore and an offer-for-sale (OFS) worth Rs 1,060 crore by

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Allcargo Gati announces 10% General Price Increase from January 1, 2025; shares rise 3%

Lisl News Desk / Indian Market / September 26, 2024

Logistics firm Allcargo Gati Ltd (formerly Gati Ltd) on September 26 announced a 10.2% average General Price Increase (GPI) effective from January 1, 2025, for its Express Distribution services. “This is the first price revision since Allcargo Logistics Limited’s strategic acquisition of Gati in 2019, driven by the necessity to align pricing with ongoing operational

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Krsnaa Diagnostics Rises 4% on Plans to Acquire 23.53% Stake in Apulki Healthcare

Lisl News Desk / Indian Market / September 26, 2024

Shares of Krsnaa Diagnostics surged 4 percent on September 26, following the company’s announcement to acquire a 23.53 percent stake in Apulki Healthcare, a start-up focused on oncology and cardiology services. This acquisition will grant Krsnaa exclusive rights to provide diagnostic services in partnership with Apulki Healthcare. Apulki Healthcare, founded in 2022, operates under a

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