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Afcons Infrastructure IPO sees momentum in subscription to 36% on Day 2

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The Initial Public Offering of Afcons Infrastructure Limited was subscribed 36% on the second day of bidding. The issue received bids of 3,15,57,920 shares against the offered 8,66,19,950 equity shares, at a price band of ₹440-463, according to the data available on the stock exchanges. Employee Portion was fully subscribed. Non-Institutional Investors Portion and Retail Portion were subscribed 0.72 times and 0.36 times respectively, whereas Qualified Institutional Buyer Portion was subscribed 0.08 times.  The issue kicked off for subscription on Friday, October 25, 2024, and will close on  Tuesday, October 29, 2024 .  A day before the opening of the issue, Afcons Infrastructure Ltd raised Rs 1,621 crores from anchor investors. Foreign and Domestic Institutions who participated in the anchor were GIC, HDFC MF, ICICI Pru AMC, BlackRock, Fidelity Investments, Goldman Sachs, HSBC Group, Nomura AM, Nippon MF, Fullerton, Enam Holdings, Birla MF, Mirae MF, Quant MF, Invesco MF, Eastbridge, A
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Apollo Leads the Charge in Breast Cancer Awareness with a Series of Impactful Initiatives

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Over 6,000 Individuals Participate in Activities for Breast Cancer Awareness Month in October Navi Mumbai,  October 28, 2024 :  Apollo Hospitals Navi Mumbai (AHNM) has successfully led a comprehensive  #TalkPink  campaign to raise breast cancer awareness and emphasize the importance of early detection throughout Breast Cancer Awareness Month this October. Through various initiatives, AHNM engaged more than 6,000 individuals through community and corporate programs, screening camps, webinars, health talks, patient support events, and a robust social media awareness drive. AHNM undertook extensive outreach to the local community with free health talks and mammography screenings, benefitting over 500 people. Additionally, the hospital hosted doctor-led sessions on cancer and women’s health at several corporate offices, impacting more than 4,500 employees. As part of these awareness initiatives, a "TalkPink" walkathon was organized on October 26th, with over 70 Navi Mumbai citize
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NTPC Green Energy Limited gets Sebi nod for Rs 10,000 crore IPO

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NTPC Green Energy Limited, a wholly owned subsidiary of NTPC Limited, has received final observation from the capital markets regulator, Securities and Exchange Board of India (SEBI), to raise Rs 10,000 crore through an initial public offering (IPO). The Company had filed its IPO papers with Sebi on September 18, 2024. The IPO with a face value of Rs 10 per equity share is entirely a fresh issue of equity shares. The offer also includes a reservation for a subscription by eligible employees and a discount is being offered to eligible employees bidding in the employee reservation portion. The proceeds from the fresh issue to the extent of ₹ 7,500 crore will be used for investment in its wholly owned Subsidiary, NTPC Renewable Energy Limited (NREL) for repayment/ prepayment, in full or in part of certain outstanding borrowings availed by NREL; and general corporate purposes. Promoted by NTPC Ltd, NTPC Green Energy is the largest renewable energy public sector enterprise (excluding hydro)
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slice and North East Small Finance Bank Announce Successful Completion of the Merger

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Bengaluru and Guwahati, 28 th  Oct 2024:  slice, India’s leading consumer payments and lending company has successfully completed its merger with North East Small Finance Bank (NESFB), effective from 27 th  October 2024, following the receipt of all requisite shareholder and regulatory approvals. This merger unifies the operations, assets, and brand identities of both entities into a single, integrated banking institution. This merger marks a pivotal milestone in India’s financial landscape, combining the innovation of a leading fintech with the trusted foundation of a traditional banking institution. This strategic integration sets the foundation for building India’s foremost tech-driven bank, prioritizing stability, risk management, and a robust governance framework as its key pillars. With a strengthened financial position, the merged entity is well-equipped to expand its operations, meet evolving customer needs, and enhance risk management, setting new benchmarks in customer experi
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Ashish Kacholia and Capri Global Holdings invest in Quadrant Future Tek Limited Pre IPO

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Quadrant Future Tek Limited, a research-oriented company engaged in developing new-generation Train Control and Signalling Systems ,  has raised Rs 48 crore from Ashish Kacholia, Capri Global, and other prominent individual investors .  Accordingly, the fresh issue size has been reduced from Rs 275 crore to Rs 227 crore. As per a public announcement made by the company on October 26, 2024, the company, in consultation with the lead bankers, had issued 20,00,000 equity shares to  individuals and institutional investors  at an issue price of Rs 240 per equity share (including a premium of Rs 230 per equity share) aggregating to Rs 48 crore. Several prominent investors participated in the recent investment round, with Suryavanshi Commotrade Private Limited (Ashish Kacholia) were transferred 7.65 lakh equity shares, Capri Global Holdings Private Limited were transferred 4.25 lakh equity shares, Plantify Capital Limited were transferred 1.25 lakh equity shares, Other investors included Sang
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A Cosmic Theme Diwali at Phoenix MarketCity!

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 Jim Sarbh Unveils Mumbai’s Largest Astronaut 21st October 2024, Mumbai – Phoenix Marketcity Mumbai captivated audiences with their Diwali décor launch with a spectacular celebration that brought the wonders of the cosmos to life. And who better than the Rocket Boy fame himself, Jim Sarbh, adding a touch of star power to this enchanting event. Towering at an astonishing 33 feet, Mumbai’s tallest astronaut stands as the celestial guardian of the season, surrounded by gigantic 10-foot planets orbiting gracefully in rings of cosmic splendour. As you wander through this shimmering galaxy, twinkling stars cascade like radiant diamonds from the heavens, while luminous nebulae and dazzling constellations paint the sky.  This awe-inspiring spectacle is a masterful blend of wonder and grandeur, promising to enchant and captivate visitors in a universe where fantasy meets reality.  Mayank Lalpuria, Senior Vice President, Marketing North & West - The Phoenix Mills Ltd., commented, “The Celest
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Crompton takes a step towards gender equality by launching its All-Women Electrician Training Program in Maharashtra

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25, October, 2024  Mumbai:  Crompton Greaves Consumer Electricals Ltd. is proud to announce the launch of its second batch of the Saksham program, a pioneering initiative aimed at empowering women in the electrical industry. In collaboration with Tata Strive, this unique program empowers young women from underserved communities by training them in non-traditional STEM roles, paving the way for a more inclusive future where women can excel. Building upon the success of the first batch, Crompton's Saksham program continues to address the gender gap in the electrical industry by providing women with the necessary skills and certifications to excel in technical roles. The program's comprehensive curriculum combines classroom learning with hands-on training, equipping participants with the practical knowledge and confidence to pursue successful careers. The Indian electrical industry has historically faced a significant gender disparity, with women underrepresented in technical role
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