News Overview

At a meeting with stakeholders on Monday in Nairobi, the capital, Chief Executive Officer John Mativo stated, "There are still many boxes to tick."

The stock is likely to be listed on Tuesday, September 24.

The IPO has allocated up to 50% of the shares for qualified institutional buyers (QIB), 15% for non-institutional investors (NII), and 35% for retail investors.

Vedanta Aluminium staff notified state authorities and swiftly mobilised workers to contain the disaster and reduce the impact on the neighbouring population.

According to sources, the QIP's indicated issue price is ₹61.6 per share, a 20.8% decrease from Monday's BSE closing price.

During the April-June quarter, the company's gross debt climbed by 16% while its net debt increased by 29% sequentially.

According to NSE guidelines, when a stock surpasses 95% of its MWPL, it is placed in the ban period, during which traders can only reduce their open positions through offsetting trades.

On Tuesday, the dollar traded at its lowest levels of the year, ahead of the projected start of a U.S. easing cycle.

The IPO of PN Gadgil Jewellers was heavily subscribed, attracting a total subscription of 59.41 times.

Spot gold was unchanged at $2,582.84 per ounce. On Monday, bullion reached a record high of $2,589.59.