News Overview

Metal and Oil & Gas Stocks Lead

In the last two months, Vedanta's board has already approved financing up to $300 million through debentures and a further up to $1 billion.

Each lot in the public issue consists of 73 company shares. Bidding for the IPO will continue until June 21, 2024.

The allotment of shares is expected to be finalized on June 24, with the listing date set for June 26. Akme Fintrade India shares will be listed on both the BSE and NSE.

The plant will utilize flue gases from power plants to produce 10 tonnes per day (TPD) of 4G ethanol, aiming to reduce greenhouse gas emissions significantly.

This IPO, consisting solely of fresh issues, will be available for subscription from June 26 to June 28.

Allied Blenders and Distillers is one of the largest Indian-made foreign liquor (IMFL) companies, offering a diverse portfolio of 16 brands across whisky, brandy, rum, and vodka.

Ami Organics plans to raise ₹500 Crore through this stock option. In April, the company's Board of Directors approved the fundraising request.

According to reports, the base size of the QIP suggests an 8.5% dilution of the company's ownership, while exercising the upside option would boost the dilution to around 10.65%.

At the end of the March quarter, Asia Asia Opportunities V held a 9.88% stake in the company, while General Atlantic Singapore Fund held 9.22%.