News for JM Financial Limited (JMFINANCIL.NS)

The Bengaluru-based electric two-wheeler maker allocated 41.7 million equity shares to 36 anchor investors at Rs 321 apiece, including a share premium of Rs 320 per share. SBI, Custody Bank of Japan, Aditya Birla Sun Life Insurance, Abu Dhabi Investment Authority, Invesco, Franklin Templeton, ICICI Prudential, Morgan Stanley, and Societe Generale, among others, participated in the anchor round.

Ather Energy raises ₹1,340 crore from anchor investors, gearing up for a ₹2,980 crore IPO launch.

The Securities and Exchange Board of India on Monday approved the initial public offering of Continuum Green Energy Ltd. The total size of the IPO is Rs 3,650 crore. The market regulator issued its observation letter, which means a formal go ahead.

Nifty futures on the NSE International Exchange traded 213.35 points or 0.92 per cent down, at 22,417, hinting at a positive start for the domestic market on Wednesday.

Vikram Solar is at the forefront of India's solar revolution, significantly contributing to the nation's renewable energy goals. The company has expanded its manufacturing capacity to 4.5GW and aims for 15.5GW by 2027, incorporating advanced technologies like bifacial modules and investing in battery energy storage systems.

Although Trump’s tariffs do not directly target India’s $283 billion IT services sector, his retaliatory action has created additional uncertainty in terms of tech spending for some of the world’s largest companies.

Government converts Vodafone Idea's spectrum dues into equity, increasing stake to 49%, shares remain flat at ₹8.12.

The proposed IPO will consist of a combination of a Fresh Issue of equity shares aggregating up to Rs 750 crore and an Offer for Sale (OFS) of up to Rs 100 crore in equity shares

Stock market crashed: Select stocking including Punjab & Sind Bank, UCO Bank, Ipca Labs, Voltas, Suven Pharma tumbled up to 20 per cent during the trading on Tuesday.

The BSE Sensex stood at 76,484.38, down 930.54 points, or 1.20 per cent. The NSE Nifty declined 212.30 points or 0.90 per cent to 23,307.05.  Infosys was the worst Sensex performer, falling 2.86 per cent to Rs 1,525.

For the Aditya Birla Group, the sale aligns with its broader strategy of reallocating capital. The conglomerate has recently expanded into high-capex sectors like paints, jewellery retailing and real estate.

Aditya Birla Real Estate Limited board approved the divestment of its pulp and paper venture in Uttarakhand to ITC Limited for Rs 3,498 crore. This strategic move will refocus ABREL on real estate. The deal awaits regulatory approvals, including from the Competition Commission of India. JM Financial and AZB & Partners advised on the transaction.

Reliance Power shares climbed 9.34 per cent to Rs 40.73 apiece, as 5,63,05,814 shares worth Rs 223 crore changing hands. Shares of Zomato declined 2.48 per cent to Rs 204.61.

Zomato and Swiggy shares drop after BofA downgrade, while analysts predict challenges ahead in quick commerce sector.

"There is a structural trend in the hospitality space and a decent value is emerging in ITC Hotels," the market expert told Business Today.

InterGlobe Aviation's growth strategy attracts investors, with brokerages optimistic about future earnings and expansion plans.

According to the DRHP filed, IPO of Bengaluru-based Ather Energy shall include a fresh share sale of Rs 3,100 crore and offer-for-sale (OFS) of up to 2.2 crore equity shares.

The electric two-wheeler manufacturer last week filed its revised DRHP with the capital market regulator SEBI to launch its IPO.

Stocks including IREDA, Tata Motors, HUL, NBCC (India), IndusInd Bank, IRCON International, JM Financial and RITES will be in the spotlight on Tuesday, March 18.