Remedium Lifecare's board of directors has fixed July 6, 2024, as the record date for issuing bonus shares in a 3:1 ratio. The company's share price rose 20% to ₹20.92 per share on the last trading session ahead of the record date. Remedium Lifecare also plans to raise ₹200 crore through a qualified institutional placement (QIP) to finance acquisitions in the pharmaceutical industry.
Open FlipMahindra Lifespace Developers' shares surged 6% after announcing two significant real estate deals totaling ₹2050 crore in gross development value (GDV). The company secured a ₹1800 crore redevelopment project in Mumbai and acquired a ₹250 crore land parcel in Bengaluru, solidifying its presence in both cities. The deals align with the company's focus on high-potential markets.
Open FlipGold prices in India dropped by ₹42.0 to ₹7362.9 per gram for 24-carat and ₹38.0 to ₹6744.4 per gram for 22-carat, with a 0.2% weekly and 0.9% monthly change. Silver prices, on the other hand, increased by ₹320.0 to ₹90200.0 per kilogram. MCX futures for gold and silver were up by 0.18% and 0.412%, respectively, at the time of publishing.
Open Flip