RailTel Corp shares list at a premium, up over 20%
RailTel is a central public sector enterprise under the administrative control of the Ministry of Railway.Premium
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IRCTC shares were also trading higher
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Shares of RailTel listed at a premium on exchanges today. At 10:27 am, shares were up 20% at ₹115 as compared to issue price of ₹94. The IPO of RailTel was subscribed over 42 times and it had a price range of ₹93-94 per share. The ₹819 crore IPO of RailTel was open between February 16 and February 18. The government sold 27.16% stake in this issue.
In comparison, BSE Sensex was down over ₹1.6%. Shares of another Railway related company IRCTC were trading 3% higher today.
IIFL Finance to raise up to ₹1,000 crore through NCDs
According to IIFL Finance, this rate of 10.03% will be locked in for 87 months and is thus provide an advantage against interest rate fluctuations in future.Premium
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Mumbai: Non-bank lender IIFL Finance on Friday said it will open a public issue of bonds on 3 March 2021, to raise up to ₹1,000 crore, to fund business growth and bolster its capital position.
The Fairfax and CDC Group backed IIFL Finance will issue unsecured redeemable non-convertible debentures (NCDs), aggregating to ₹100 crore, with a green-shoe option to retain over-subscription up to ₹900 crore, the lender said in a statement. The bonds offer up to 10.03% yield for a tenor of 87 months and the issue has been rated AA by Crisil and AA+ by Brickwork.
Indian markets seen subdued on sell-off in global peers; Airtel, Jet in focus
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On Thursday, the BSE Sensex ended at 51,039.31, up 257.62 points or 0.51%. The Nifty closed at 15,097.35, up 115.35 points or 0.77%. (Mint)
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MUMBAI: Indian stock markets may see a muted session on Friday following a sell-off in global peers. Trends in SGX Nifty futures suggest a negative start to domestic benchmark indices.
On Thursday, the BSE Sensex ended at 51,039.31, up 257.62 points or 0.51%. The Nifty closed at 15,097.35, up 115.35 points or 0.77%.
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Infosys to hire 300 local workers in Pennsylvania livemint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from livemint.com Daily Mail and Mail on Sunday newspapers.
Delhi University to train 2,000 Singapore students in Indian dance, music
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. Updated: 26 Feb 2021, 04:59 PM IST PTI
The collaboration with Delhi University opens up new vistas to SIFAS students, teachers and also to the people of the South East Asian region to work together, president of Singapore Indian Fine Arts Society said
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The University of Delhi will train 2,000 Singapore students in Carnatic and Hindustani music, as well as in Indian dance and other art forms under a Memorandum of Understanding (MoU) signed this week.
As part of the MoU signed virtually on Thursday with Singapore Indian Fine Arts Society (SIFAS), Delhi University will also provide teaching staff of the 72-year-old SIFAS access to the resources and capabilities of its music department.