Wednesday, April 17, 2024

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Yes Bank stock is up 20% in two sessions

Vivid News 24: In the previous two trading sessions, Yes Bank’s shares had a remarkable gain, rising by over 20%. On Monday, they were trading at Rs 20.90, an increase of almost 11%. The highest per share in the past two years is now.

Investors are optimistic and thrilled with the recent advancements of private lenders. Yes Bank, a private lender, informed the investors of the encouraging developments regarding new investments made by Verventa Holdings Limited and Carlyle Group.

It should be highlighted that the Reserve Bank of India (RBI) finalized its approval of the YES Bank application regarding the Carlyle Group and Verventa Holdings increase capital plan.

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Throughout the trading afternoon, the major Indian indices BSE and NSE remained erratic and down. High-interest rates and monetary tightening by central banks throughout the world were dampening investors’ spirits and lowering their level of optimism.

Wine producers Sula Vineyard Limited and Aban Holdings launch their initial public offerings (IPOs) for new issues. Sula Vineyards’ three-day initial public offering will begin accepting subscriptions on Monday. The company has set the pricing range for the sale at Rs 340 to Rs 357 per share.

The topic will be resolved on December 14. The IPO is anticipated to raise Rs 960.35 crore at the top of the pricing range. Investors may submit bids for a minimum of 42 equity shares and thereafter in multiples.

Sula Vineyards announced on Friday that it had secured Rs 288 crore from anchor investors in advance of the IPO. According to the business, 80, 70,158 equity shares worth a total of Rs 288.10 crore will be distributed to anchor investors for Rs 357 each.

On the first day of the IPO, Sula Vineyard’s IPO received over 17 subscriptions by 2:00 PM. The subscription period will expire at 5 p.m. on the first day.

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Vishnu Soni
Vishnu Soni
I am working at NewsMarkets24 Network for the last several years, I learn a lot of things here like News editing, News writing, and how to manage my team to maintain our goals. My job does not only give me experience but also helps to shape my person for success.
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