News Overview

Bain Capital subscribed to Rs 1,330 crore worth of its NCDs earlier this year

The category reserved for non-institutional investors received 39% subscription, while Retail Individual Investors (RIIs) got subscribed 17%.

US Consumer Price Inflation in November has slowed down to 7.1%

The price band for the offer, which closes on December 15, has been fixed at Rs 256-270 per share.

Following the collapse of its Gurugram-based parent business Lanco Infratech, Lanco Amarkantak had financial issues. Insolvency proceedings were initiated against Lanco Infratech by project lenders, led by PFC.

In an affidavit submitted to the National Company Law Appellate Tribunal (NCLAT), the indebted firm reported on the developments in the ongoing resolution procedure through September 30, 2022.

Benchmark U.S. Treasury 10-year note rates, which move counter-cyclically to prices, fell by around 15 basis points immediately following the release of the data before rising to about 3.5%.

The share issuance will equate to 5.9% of the private sector lender for each of the two PE firms. After the warrants are converted, their stake will rise to about 10%.

Sula Vineyards IPO subscription will close on December 14. The IPO price band is fixed at Rs 340-357 per share.

According to the lender's regulatory filing, the bank's board of directors has authorized the sale of its majority stake in Nainital Bank Limited (NBL) and the issuance of an advertisement inviting expressions of interest through preliminary information memoranda from interested parties.