Thu, Feb 8, 2024 6:36 PM
Markets in consolidation mode, selling after RBI announcement!
A Flip by Shubhangi Gupta
📌Jindal Worldwide shares soared 5% to a record high after announcing a 4:1 bonus share issue, where investors holding one share will receive four new shares, effective March 6, 2025, boosting the company's paid-up📌 capital to Rs 100.26 crore. The bonus equity shares will be issued out of free reserves and/or the securities premium account available as at 31st March, 2024,.
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📌 Borosil Renewables' shares surged to a 5% upper circuit for a second consecutive day after promoter Kiran Kheruka increased his stake in the company, buying 96,000 shares worth Rs 5.4 crore, boosting his holding to 3.64%. This move is seen as a positive sign, reflecting confidence in the company's growth prospects.
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📌Leo Dryfruits & Spices Trading📌 IPO listed at ₹68 on BSE SME, a 31% premium over the issue price of ₹52, before falling to ₹66.50. The ₹25.12 crore 📌SME IPO was subscribed 181.77 times, with non-institutional and retail investors driving the demand. Proceeds will fund working capital, branding, and marketing.
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