The Bank of Baroda plans to auction a portion of its stake in the National Stock Exchange of India for $91 million, inviting bids from eligible entities like insurance companies and mutual funds. The floor price values the NSE at INR 1.56tn, higher than the rival Bombay Stock Exchange, and comes as foreign investors have sold holdings in the NSE. Retail investors have raised their combined stake to 7.37% in the March quarter.
IKIO's LED lighting shares make a strong debut with a 38% premium over issue price. The company raised INR606.5 crore in IPO and serves main markets such as healthcare, hospitality, and commercial properties.
Learn why Infosys' share price plunged nearly 10% on the BSE after disappointing Q1 results. Discover the key reasons behind the slump and its implications.