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The government is selling a 10 per cent stake in the company with a green shoe option of 5 per cent at a floor price of Rs 27.50 per share. The non-retail portion of the OFS was fully subscribed on Wednesday. Shares of RVNL have declined 8.88 per cent to Rs 27.70.
Abu Dhabi's Mubadala joins EIG-led consortium buying Aramco pipeline stakeAramco in April agreed to sell a minority stake in its pipelines for $12.4 billion to a consortium led by EIG, the company's largest deal since its record $29.4 billion initial public offering in late 2019.
from Stocks-Marke… Read MoreUS stocks end near flat as trade deficit declinesRetail investors on WallStreetBets, part of the Reddit platform, coalesced Tuesday around Clover Health Investments, lifting the insurer by more than 85 percent in the latest surprise wave of stock-buying.
from Stocks-Market… Read MoreLife insurers report 5.5% decline in new premiums in MayThe degrowth was largely on the back of slow business by Life Insurance Corp of India (LIC) in the month, even as some private sector insurers such as HDFC Life, Max Life and India First reported strong growth in the month al… Read MoreMax Financial posts multi-fold jump in Q4 profit to Rs 70 crMax Financial Services stock closed 2.91 per cent up at Rs 1014.75 apiece on BSE.
from Stocks-Markets-Economic Times https://ift.tt/3iscpNg
… Read MoreGDR manipulation case: Sebi slaps over Rs 31 cr fine on 14 entitiesThese firms had come out with their respective issues of GDR during the period from March 2007 to November 2009.
from Stocks-Markets-Economic Times https://ift.tt/3zeGtS6
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