Vedantas four demerged businesses will begin trading on June 15, completing a major corporate restructuring. The listings will enable market-driven price discovery, help unlock shareholder value and allow each standalone company to pursue sector-specific growth opportunities independently.
ADIA-backed Platinum Jasmine A 2018 Trust sold a 2.3% stake in Lenskart through a Rs 1,960 crore block deal. The transaction attracted strong participation from mutual funds, insurers and foreign investors, reflecting continued confidence in the eyewear retailers growth prospects.
GNG Electronics witnessed a Rs 175 crore block deal as promoter Vidhi Khandelwal sold shares to domestic mutual funds and foreign investors. Institutional interest comes amid optimism over the companys leadership in the refurbished electronics market and strong growth prospects.
Sebi has proposed a new mechanism to harmonize stock price bands and pre-open auction prices across exchanges. This aims to address price divergences for stocks listed on multiple platforms, particularly when trading is limited on one exchange. The regulator seeks to improve price discovery and prevent distortions by standardizing how closing prices are used for subsequent trading sessions.
SpaceX is gearing up for an IPO that has captured the attention of investors far and wide. With retail investments skyrocketing past seventy billion dollars, investors can expect to snag at least twenty percent of the shares.
