Multi-specialty hospital chain Shalby
Limited, which just concluded its Rs 504.00 crore IPO, will list its shares on NSE
and BSE exchanges tomorrow, 15 December 2017. The initial offer, which opened
for subscription from Dec 5 to 7, was subscribed 2.8 times at a price band of
Rs 245 - 248 per share. The portion reserved
for qualified institutional buyers (QIBs) were subscribed 4.47 times, HNI 43%,
retail investors 2.97 times and employees 1.43 times. The IPO included a fresh
issue of shares aggregating up to Rs. 480 crore and an offer for sale of up to
10.00 lakh equities.
Thursday 14 December 2017
M&M heads higher after unit sells part stake in CIE Automotive
Shares of Mahindra & Mahindra
(M&M) rose 0.88 percent to Rs 1,425 at mid noon hours on BSE after the
company said that its wholly owned subsidiary MOICML (Mahindra Overseas
Investment Company-Mauritius) on 13 Dec 2017, sold 64.50 lakh shares,
representing 5 percent of the share capital of CIE Automotive S.A. The average
gross price was Euro 23.50/ share. The deal totaled Euro 151.58 million. Following
the sale, MOICML's shareholding in CIE Automotive-SA would come down to 7.44%
of its share capital. The transaction will facilitate diversification of
investor base of CIE Automotive S.A.
Mahindra & Mahindra's net profit
rose 24.8% to Rs 1,331.57 crore on 14 percent rise in net sales to Rs. 12,182.07
crore in Q2 Sept 2017 Year-on-Year. Mahindra
& Mahindra enjoys a leadership position in tractors and utility vehicles in
India.
Wednesday 13 December 2017
MCX seeks Sebi nod for schemes to boost gold options volume
The Multi Commodity
Exchange (MCX) has sought approval from the market regulator Sebi for
introducing liquidity enhancement schemes for its recently launched gold
options contracts.
MCX’s gold options contracts daily
average turnover declined to Rs. 130 crore in Nov as against Rs 297 crore in
Oct. The daily average turnover of gold futures contracts on the MCX was Rs. 2054
cr, and Rs 2297 in October and November, respectively.
The ratio of gold options contracts
to gold futures contracts slipped to less than 3.5%, by volume, in Dec from
over 14% in October. Prior to the launch of the gold options contract, market players
were hoping volumes in this section would rise to at least two times those of
gold futures contracts.
The Sebi has particular guidelines
for certain volumes in the existing Gold-options contracts before allowing
contracts of smaller denominations. As per sources, MCX was likely to
engage jewellers and organize awareness programmes to enlarge volumes in gold-options
contracts.
Labels:
Best commodity tips,
commodity,
Commodity market advice,
Gold,
Gold Futures,
Gold Options,
Mcx,
NCDX,
Options,
stock
Subscribe to:
Posts (Atom)