News Overview

The BSE Midcap index dipped by 0.6%, while the Smallcap index closed flat.

Investors bid for 70.56 crore equity shares, which exceeded the offer amount of 74.5 lakh shares.

Hindalco was trying to sell up to 8.6% of Novelis, including a green shoe option, at a price range of $18 to $21 per share.

This project expands the company's energy solution capabilities and helps it move to an energy products and services company, it said.

It comes against the backdrop of the company's intentions to increase billet capacity to 1.2 million tonnes per year.

The geological survey has confirmed the presence of gold deposits, and the state government is taking steps to auction the block.

On the Nifty, Bajaj Auto, Coal India, Tata Motors, and Hero MotoCorp led the gains, indicating robust market interest in these stocks.

IGI India specializes in providing certification and accreditation services for natural diamonds, laboratory-grown diamonds, studded jewelry, and colored stones.

The shares were sold at an average price of ₹1,201 each, totalling ₹1,187.41 Crore. Infinity Partners acquired these shares.

The transaction will be executed at arm's length, with no promoter or group firm having a vested interest in the investment.