Vivek Sharma

Allied Blenders and Distillers IPO subscribed 23.5X overall with NII at 32.40X | Here’s Why

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Allied Blenders and Distillers IPO subscribed

Allied Blenders and Distillers IPO was subscribed 23.5 times(X) overall. The QIB (Qualified Institutional Buyers) portion was subscribed 50.37 times. Further, NII (Non-Institutional Investors) portion was subscribed 32.40 times. Allied Blenders and Distillers IPO is expected to announce its share allotment status today, Friday, June 28, 2024. ABD Shares are expected to be listed on Read more: Allied Blenders and Distillers IPO subscribed 23.5X overall with NII at 32.40X | Here’s Why..

UltraTech Cement to acquire 23% stake of India Cements | Here’s Details & Impact

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UltraTech Cement Ltd to acquire India Cement Ltd

UltraTech Cement, India’s largest cement producer, is set to acquire a 23% stake in India Cements Limited (ICL) for a total deal value of Rs.1,885 crore. This move will make UltraTech the second-largest shareholder in India Cements, after the founding family who currently holds a 28.5% stake. Key Details of Acquisition of India Cements by Read more: UltraTech Cement to acquire 23% stake of India Cements | Here’s Details & Impact..

Share Market shining in June 2024, Might Best Month in 2024?

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Share Market shinning in June 2024

Share Market has performed exceptionally well in June 2024 so far. The Nifty 50 has hit record highs in eight out of 11 sessions and gained about 6%, on track for its best month this year. This surge has been fueled by several factors including policy continuity, forecasts for better economic growth, and a significant Read more: Share Market shining in June 2024, Might Best Month in 2024?..