Chitranjan Kumar

1 week ago | fortuneindia.com | Chitranjan Kumar

Ahead of the opening of its IPO on May 26, Aegis Vopak Terminals has raised ₹1,260 crore from anchor investors. The chemicals and oil storage and logistics solutions provider has allotted 53,617,021 equity shares to 32 funds at the upper price band of ₹235 per equity share. A subsidiary of Aegis Logistics, the company saw participation from American Funds Insurance, HDFC MF, Smallcap World Fund, 360 One, Motilal Oswal, SBI General Insurance, and Think India, among others, in its anchor book.

1 week ago | fortuneindia.com | Chitranjan Kumar

Aegis Vopak Terminals, a joint venture between Aegis Logistics of India and Royal Vopak of the Netherlands, looks to raise ₹2,800 crore via IPO at a price band of ₹223-235 per share. The public issue is entirely a fresh issue of 11.91 crore shares and the company intends to use the IPO proceeds primarily to pay entire debt.

1 week ago | fortuneindia.com | Chitranjan Kumar

The ₹2,150-crore IPO of Belrise Industries has received an overwhelming response from investors, with the issue subscribing 41.3 times on the final day of bidding. The issue of the automotive component maker, which opened for subscription between May 21-23, received massive response from qualified Institutional Buyers (QIBs) as quota reserved for them booking by a whopping 108.35 times.

1 week ago | fortuneindia.com | Chitranjan Kumar

In a major rejig of BSE Sensex pack, Tata Group-owned Trent will replace FMCG major Nestle India while state-run Bharat Electronics Limited (BEL) will oust IndusInd Bank from the 30 constituents of the benchmark index effective from June 23, 2025. Apart from the BSE Sensex, major reshuffle has been made in the BSE 100, Sensex 50, Sensex Next 50, and BSE Bankex indices.

1 week ago | fortuneindia.com | Chitranjan Kumar

Shares of electric two-wheeler manufacturer Ola Electric Mobility remained in today after it received its board approval to raise fund via debt instruments. In an exchange filing last evening, the Bhavish Aggarwal-led EV company said its board approved a proposal to raise up to ₹1,700 crore through the issuance of non-convertible debentures (NCDs) or other debt securities. The company, however, didn’t disclose the objective of the fundraising.