News for V MARC INDIA LTD (VMARCIND-SM.NS)

Ace investor Ashish Kacholia has acquired 497,000 shares of SME firm V-Marc India through a preferential allotment. This follows the company's shareholder approval on September 12, 2024, for the issuance of equity shares on a preferential basis. On October 8, 2024, V-Marc India's Board of Directors approved the allotment of 16,35,000 equity shares at Rs 286.44 per share, totaling approximately Rs 46.83 crore.

With a rally of 362%, the microcap LCC Infotech emerged as the top gainer in FY25. Shares of the company soared to Rs 8.77 on August 30, 2024, from Rs 1.90 on March 28, 2024.

Sensex, Nifty updates on 3 September 2024 - Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 03 September 2024.

Sebi on Friday affirmed its earlier order with some modifications against 12 entities, including promoter of V Marc India Ltd for engaging in a fraudulent scheme to manipulate volumes and price of the company's shares.

Feb 29 (PTI) Sebi on Thursday barred 12 entities, including promoter of V Marc India Ltd, from the securities market for engaging in a fraudulent scheme to manipulate volumes and price of the company's shares.

Shares of other listed cable companies - R R Kabel, KEI Industries and V-Marc India - also fell 4-5% on Thursday. Polycab, meanwhile, said that it has not received any communication from the tax department.

The company raised Rs 71.28 crore via public issue to be used mainly for setting up a new unit for house wires, fire-resistant wires and cables, aluminium cables and solar cables to expand the product portfolio.

Plaza Wires IPO | The demand for its equity shares also remained strong in the grey market, trading with 42 percent premium over the issue price, analysts said

Plaza Wires IPO Managed by Pantomath Capital Advisors Sees Record-Breaking Subscription

The Nifty Realty index was trading 0.37 per cent up at 516.75.

The Nifty IT index closed 0.73 per cent up at 28800.15.

The Nifty Realty index was trading 1.25 per cent up at 514.9.

The Nifty Bank index was trading 0.17 per cent up at 43715.5.

The Nifty Pharma index was trading 0.17 per cent up at 13411.45.