GAGA Share Market News

[hfe_template id='11223'] [ad_1] Indian corporates shattered fundraising records in FY2024-25, mobilizing a staggering Rs 19.96 lakh crore through a mix of equity and debt instruments, despite volatile market conditions and global economic headwinds. The data, compiled by PRIME Database, highlights a strong appetite for capital across both primary equity markets and debt channels - making it the highest ever fundraising in a single fiscal year. While market sentiment remained uneven through parts of the year, companies rushed to seize favourable windows, leading to record equity mobilisation of Rs 3.71 lakh crore - nearly double that of the previous year. The surge was powered by blockbuster IPOs, a revival in Qualified Institutional Placements (QIPs), and robust participation in private debt placements. Mainboard IPOs alone raised Rs 1.62 lakh crore. Here’s a look at the data compiled by PRIME Database: Equity fundraising doubles as IPOs roar back Total equity mobilisat...

[hfe_template id='11223'] [ad_1] The markets paused after six consecutive sessions of gains, closing on a flat note. In today's trade, shares of Maruti, ONGC, IREDA, Federal Bank, TVS Motor among others will be in focus due to various news developments. Maruti Suzuki Maruti Suzuki received a draft tax assessment of Rs 2,666 crore for FY22, but the company expects no financial impact. NBCC State-owned NBCC (India) Ltd has bagged a Rs 439 crore contract from Uttarakhand Investment and Infrastructure Board (UIIDB) Federal Bank Federal Bank to acquire 4% stake in Ageas Federal Life Insurance. The acquisition cost is around Rs 97.4 crore for 3.2 crore shares. Live Events IREDA State-owned IREDA on Tuesday said it has raised Rs 910 crore through issuance of bonds. The funds raised will enhance IREDA's Tier-II capital, increasing its net worth and capital-to-risk-weighted assets ratio. ONGC ONGC will infuse Rs 3,300 crore in ONGC Green. ONGC Green will use the proceeds ...

[hfe_template id='11223'] [ad_1] Shares of NTPC Green Energy cracked 9% to hit their new 52-week low of Rs 96.20 on the BSE on Monday, February 24, as its 3-month shareholder lock-in period expires today, freeing up 183 million shares to trade in the open market. This development means that nearly 183 million shares of NTPC Green Energy, which were previously restricted and could not be sold, are now eligible for trading. According to a report by domestic research firm Nuvama Alternative & Quantitative Research, these unlocked shares represent approximately 2% of the company’s total outstanding shares. A three-month share lock-in period refers to a specific duration of three months during which certain shareholders are restricted from selling or transferring their shares in the stock market. This restriction is often imposed following an initial public offering (IPO) to prevent a massive sell-off that could destabilize the stock price. Typically, lock-in periods last...

[hfe_template id='11223'] [ad_1] Domestic markets remained subdued on the weekly expiry day, ending nearly unchanged amid the ongoing tussle. In today's trade, shares of Religare Enterprises, NTPC Green, Grindwell Norton, JM Financial, Tata Steel among others will be in focus due to various news developments. Religare Enterprises The Burman family has acquired a controlling stake in Religare Enterprises Limited (REL) after the completion of the open offer where it bought 83,201,819 equity shares representing 25.16%. Grindwell Norton Grindwell Norton appointed Venugopal Shanbhag as the managing director of the company with effect from April 2025. Samvardhana Motherson Samvardhana Motherson incorporated the arm 'Motherson Treasury Strategy' within the jurisdiction of Abu Dhabi Global Market, United Arab Emirates. JM Financial JM Financial got a tax department order for refund of Rs 230 crore for assessment year 2008-09. ITI ITI received an initial tranche of Rs...

[hfe_template id='11223'] [ad_1] Shares of NTPC Green Energy rallied 4% to their day's high of Rs 137.10 on the BSE today after the company signed a Memorandum of Understanding (MoU) with the Department of Industries, Government of Bihar. “NTPC Green Energy Limited (NGEL), a subsidiary of NTPC, has signed a Memorandum of Understanding (MoU) with the Department of Industries, Government of Bihar, during 'Bihar Business Connect 2024' Global Investors’ Summit held on December 20, 2024, in Patna,” said the company in its filing to the stock exchanges. The MoU outlines a framework for significant investments in Bihar to establish renewable energy projects, including ground-mounted and floating solar installations, battery energy storage systems and green hydrogen mobility initiatives etc. The Government of Bihar will facilitate the necessary permissions, registrations, approvals, and clearances from concerned departments, agencies, and authorities to support the p...

[hfe_template id='11223'] [ad_1] Shares of NTPC Green Energy, the renewable energy subsidiary of India's power producer NTPC, surged by as much as 14% on their trading debut Wednesday, driven by investor optimism about the country's increasing clean energy demand. At 12:27 p.m, the stock rose 12.4% to Rs 121.35, compared to the IPO price of Rs 108, giving the company a market value of Rs 1.02 trillion ($12.08 billion), exceeding its target valuation of $10.8 billion. "As expected NTPC Green Energy listing was in line with flat debut. Valuations and subdued market mood justify the listing. For long-term investors, we believe NTPC Green Energy Ltd is a great opportunity to invest in a leading player in India’s renewable energy sector, backed by the formidable resources and expertise of NTPC Ltd as a long-term strategy only," said Prashanth Tapse, Senior VP (Research), Mehta Equities. Tapse added, "With ambitious renewable energy targets, the company ...

[hfe_template id='11223'] [ad_1] Shares of NTPC jumped 2.3% today to a high of Rs 370.25 on the BSE as its green energy arm NTPC Green Energy got listed on the bourses today, surging 10%, post a subdued listing. Meanwhile, the Shares of NTPC Green Energy jumped to Rs 122.75 to hit their upper circuit. The stock debuted at Rs 111.6 on the BSE, reflecting a premium of Rs 3.6 or 3.25% over the IPO price of Rs 108. NTPC Green, a subsidiary of NTPC, is the largest renewable energy public sector enterprise (excluding hydro) in terms of operating capacity as of September 24 and power generation in FY24. The proceeds from the Rs 10,000 crore IPO will be used for investment in its wholly-owned subsidiary, NTPC Renewable Energy, for the repayment of debt and other general corporate purposes. The company’s renewable energy portfolio encompasses both solar and wind power assets with presence across multiple locations in more than six states which helps mitigate the risk of location-...