Business and Finance Business and Finance
Fri, November 29, 2024
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[ 05:30 AM ] - Bill Williamson
CreditAccess Grameen enters into co-financing arrangement with DEG and Citi
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[ 03:00 AM ] - Bill Williamson
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Reliance subsidiary acquires 21% stake in US helium gas exploration, production company
Thu, November 28, 2024
[ 11:58 PM ] - Bill Williamson
Japanese banks sticking with Adani as Jefferies, Barclays review ties
[ 11:58 PM ] - Bill Williamson
UBA Group to commence full banking operations in France
[ 11:58 PM ] - Bill Williamson
Japanese banks stand firm with Adani despite US bribery charges
[ 11:57 PM ] - Bill Williamson
Liberals' tax-holiday plan divides business owners as reality of preparing for it sinks in
[ 11:57 PM ] - Bill Williamson
Reliance Inds, Fine Organics Inds, PC Jeweller India, KEI Inds, Zomato will be in focus

Reliance Inds, Fine Organics Inds, PC Jeweller India, KEI Inds, Zomato will be in focus


Published on 2024-11-28 23:57:49 - Bill Williamson, WOPRAI
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  • Reliance Industries subsidiary, Reliance Finance and Investments USA LLC (RFIUL) entered into stock purchase agreement with Wavetech Helium, Inc. (WHI) and subscribed to 21% stake of WHI for an aggregate consideration of $12 million.

The article from Business Standard discusses several companies that are expected to be in focus due to various corporate announcements and market activities. Reliance Industries is highlighted due to its upcoming board meeting to consider a special dividend for FY24. Fine Organic Industries is in the spotlight as its promoters plan to sell up to 11.1% of their stake through an offer for sale (OFS) at a floor price of Rs 4,350 per share. PC Jeweller is set to raise funds through a rights issue, with the board approving the issuance of up to 35 crore equity shares at Rs 4.65 each. KEI Industries announced a 1:1 bonus issue, aiming to increase the liquidity of its shares. Lastly, Zomato is mentioned due to a block deal where 1.17% of its equity shares were traded, although the buyers and sellers were not disclosed. These developments are anticipated to influence the stock prices and investor interest in these companies.

Read the Full Business Standard Article at [ https://www.business-standard.com/markets/capital-market-news/reliance-inds-fine-organics-inds-pc-jeweller-india-kei-inds-zomato-will-be-in-focus-124112900103_1.html ]
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