Vedanta to sell 2.6% equity in Hindustan Zinc via OFS; stocks fall up to 6%
The government holds a 29.54% stake in HZL while Vedanta owns 64.92% shares in the metal and mining company, which are largely pledged.
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This PSU stock surges 12% amid OFS by govt; zooms 250% in a year
The GoI, which holds a 79.2% stake in the company, offers to offload 5% of its stake with an option to sell an additional 2% stake if there is more demand.
Govt to divest 3.5% stake in NHPC; PSU stock falls 6%
The government will sell over 25 crore shares in NHPC (with a green shoe option to sell 10 crore more) to raise around ₹2,300 crore.
HUDCO shares tank 9% after govt announces 7% stake sale via OFS
The floor price of the offer will be ₹79 per equity share; non-retail investors can bid in OFS today
Patanjali Foods shares fall 5% after promoter launches OFS at 18.6% discount
The OFS, at floor price of ₹1,000 apiece, will fetch around ₹3,258 crore to Baba Ramdev-led Patanjali Ayurved.
Coal India shares nosedive 5% on govt stake sale plan
The government plans to sell 3% stake in CIL at a floor price of ₹225 per share, a discount of 6.7% to Wednesday’s closing price.
Cyient DLM, Zaggle, Healthvista, Rashi Peripherals get SEBI nod for IPOs
While Zaggle and Cyient DLM received the SEBI’s "observation" on March 29, Healthvista India and Rashi Peripherals got nod for their IPOs on March 31.
HAL shares plunges 6% on govt’s disinvestment plan
The government, which owns 89.97% stake in HAL, will sell 3.5% equity shares in the aerospace company at a floor price of ₹2,450 apiece.
IRCTC share falls 5% as govt to sell stake at discount via OFS
The government will sell 5% stake in IRCTC at a floor price of ₹680 per share, a discount of 7.4% from Wednesday’s closing price of ₹734.70 on the BSE.
Uniparts India IPO opens today: Should you subscribe to the issue?
Ahead of the IPO, Uniparts India has raised ₹250.69 crore by allotting 43,44,582 equity shares to 21 anchor investors.
