Aegis Vopak Terminals launched its IPO on May 26, aiming to raise 2,800 crore through a fresh issue of shares. Initial subscription rates were modest, with retail investors showing more interest than other categories. The funds will be used for debt repayment, acquiring a cryogenic LPG terminal, and general corporate needs, with shares expected to list on June 2.
Groww, the Indian online investment platform, has confidentially filed draft papers with the market regulator for an IPO aiming to raise between $700 million and $1 billion. The IPO will include a fresh issue of shares and stake sales by existing investors.
Nicolas Maduro's party dominated Venezuelan elections amid an opposition boycott protesting his disputed re-election. The ruling party secured a majority of governorships and a significant percentage of National Assembly votes, while turnout was notably low.
Nibe shares: The contract covers the production and supply of Universal Rocket Launchers with a range of up to 300 kilometresan advanced system being manufactured in India for the first time for international use.
Abhishek Banerjee discusses the SME platform's surge in listings, driven by companies seeking capital and liquidity. He anticipates significant growth, potentially reaching 10,000 listings in a decade, democratizing mid-market capital. Banerjee also highlights the challenges and opportunities for investors, emphasizing the importance of stock selection and the potential for institutional involvement.
Eternal shares: The changes follow a decrease in the Foreign Ownership Limit (FOL) for the stock. As a result, Eternal's investability weighting in the FTSE All World Index has been cut from 82.74% to 49.5%.
NTPC reported a 22% YoY rise in consolidated Q4 net profit to Rs 7,897 crore, driven by a 3.2% increase in revenue to Rs 49,834 crore. For FY25, PAT grew 9% to Rs 19,649 crore. The company recommended a final dividend of Rs 3.35 per share. Analysts maintain a Buy rating with a target price of Rs 344.6.
Oil prices saw a rise in early Asian trade. This happened after US President Donald Trump extended the trade talk deadline with the European Union. Concerns about US tariffs on the EU have eased. Limited progress in US-Iran nuclear talks also helped. US firms cut operating oil rigs due to lower prices. OPEC+ may increase output next month.
