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News stories about "bids" in India.

Posted on: 28 Mar, 10:06 PM

Centre annuls auction of 13 critical mineral blocks

It has been decided to return the bid security to bidders for 11 mineral blocks that got less than three bids each, an official aware of the development said. These blocks which received poor response hold glauconite, nickel, chromium and platinum group elements (PGE), potash, nickel and copper, molybdenum ore, graphite, and lithium, titanium and bauxite (aluminous laterite). They are spread across Bihar, Jharkhand, Odisha, Tamil Nadu, Uttar Pradesh, and Jammu and Kashmir (J&K). Key Points

Govt to sell up to 7% stake in HUDCO via OFS; floor price fixed at Rs 79/share

The offer price is at a 12% discount to the current market price. Under the OFS, the government will offload 7 crore equity shares, representing about 3.5% of equity with an oversubscription option of another 3.5%. Key Points

SECI extends date to submit bids for 100 MW floating solar project in Jharkhand

New Delhi, Oct 13 (PTI) State-owned SECI on Friday extended the date for submission of bids for a 100 megawatt (MW) floating solar project in Jharkhand till October 31. The initial date to submit the bids was October 10. The revised date and time for bids submission is till 2 pm on October 31, and […] Key Points

2023 College Baseball Conference Tournaments: Here’s all you need to know

The bracket for the NCAA baseball field of 64 will be revealed on May 29th, and the journey to the Men's College World Series will officially begin. Let's take a closer look at the schedules, brackets, and automatic bids for the 2023 college baseball conference tournaments. Key Points

Govt to sell up to 5.36% stake in RVNL through OFS

Under the proposed OFS, the government will offload about 7.08 crore equity shares, representing 3.4% equity on Day 1, which is the T day and in the case of oversubscription, an additional 1.96% stake will be sold. Only non-retail investors will be allowed to place their bids on T day Key Points

Five bidders in race for textile manufacturer Sumeet Industries

These bidders are UP-based Bhola Ram Papers & Power, Bhilosa Industries and Bhumi Tex Industries of Mumbai, Gujarat's Eagle Group and Silvassa-based Geelon Industries, said people in the know. Two large companies - Reliance Industries and Kolkata-based Chatterjee Group company MCPI - have not submitted bids after earlier expressing interest in buying Sumeet Industries. Key Points

Palm Beach Road plot fetches record price, but 18 CIDCO plots receive no bid

A plot of land in the prime location of Palm Beach road in Navi Mumbai has been auctioned for a record bid of ₹6.46 lakh per sqm. This rate is close to that of prime land in Mumbai and highlights the unprecedented demand for land in the area. Despite the high bid, there were no bids for 18 other plots in the auction, which industry sources blame on the high base price set by CIDCO and current market conditions. CIDCO earned a total of ₹1,170.80 crore from the sale of the plots. | Mumbai news Key Points

Hindustan Times

Plaza Wires IPO fully subscribed within 80 minutes of opening

At 11.20 a.m., the public issue was subscribed 1 time, while the category reserved for retail investors garnered a whopping 6.64 times bids. The portion for NII was subscribed 37%. There were no bids from qualified institutional buyers so far. Key Points

India's HPCL gets bids to lease part of Chhara LNG terminal

India's Hindustan Petroleum Corp Ltd (HPCL.NS) has received six or seven bids from industries to lease a part of its Chhara liquefied natural gas (LNG) import terminal on the west coast, the LNG unit's chief executive said on Monday. Key Points

Avalon Technologies' IPO gets 3% subscription on Day 1

India Business News: Avalon Technologies' initial public offering (IPO) got subscribed 3% on the first day, with bids for 3.68 lakh equity shares against 1.14 crore shares Key Points

'Go First lenders yet to decide on bids, airline's revival likely to be delayed'

Both bidders had increased their bids earlier this month after initial scrutiny by lenders, necessitating an extension to complete negotiations, people familiar with the process said. The committee of creditors (CoC) will meet either this week or early next week to finalise the extension of the timeline since a few more days will be needed to scrutinise and finally decide on the bids that are currently on the table, said a person aware of the process. Key Points

Vedant Fashions promoter to sell up to 9.88% stake via OFS

The promoter of Vedant Fashions, Ravi Modi Family Trust, plans to sell 7% stake in the company through an OFS. The offer is being proposed with an option to sell an additional 2.88% stake in the event of oversubscription. The floor price is fixed at Rs 1,161 per share, which is nearly 7% discount to the last closed price. The offer is open for non-retail investors only and on May 19, which is the T Key Points

Utkarsh IPO: Issue subscribed over 82 times on day 3 so far; QIB portion sees huge demand

Utkarsh Small Finance Bank's IPO was subscribed 82.68 times on Day 3 so far. QIBs subscribed 93.29 times, NIIs 76.61 times, retail investors 66.80 times. Key Points

Utkarsh IPO: Issue subscribed over 10 times on day 2 so far; retail investors steal the show

Utkarsh Small Finance Bank's IPO has been subscribed 10.67 so far times on Day 2, with strong response from retail and non institutional investors. Key Points

Govt may invite financial bids for privatising NMDC Steel after commissioning blast furnace this month

The government holds a 60.79 per cent stake in NMDC Steel Ltd, remaining 39.21 per cent stake is with the public. Key Points

Ircon share price slumps over 8% on day 1 of OFS; government to divest up to 8% stake

Ircon share price today opened at ₹157.95 apiece on BSE. This year so far, Ircon Intl share price jumped by 179%. Ircon share price touched an intraday low of ₹157.50 and an intraday high of ₹159.90. Key Points

Ashdan properties leads race to acquire Rolta India

Ashdan made a ₹850-crore cash offer to creditors, beating bids by Patanjali and MGN, following which the committee of creditors (CoC) decided not to go ahead with another round of bidding, people familiar with the matter said. In February, the Mumbai bench of the National Company Law Tribunal (NCLT) had allowed lenders to seek rebids for Rolta following a plea by Baba Ramdev's Patanjali Ayurved to make an offer for the company after the deadline for submitting fresh bids lapsed. Key Points

Ajay Singh, Sky One and Busy Bee file firm bids for Go First

SpiceJet promoter Ajay Singh, Sky One, and Busy Bee have submitted the bank guarantee and expression of interest for bankrupt Go First Airlines. The lenders may extend the resolution process deadline by two months. Singh applied individually, while Busy Bee is a new applicant associated with Plan IT. Safrik Investments and NS Aviation did not submit guarantees. The three entities will receive more information on Go First to develop a formal plan. Creditors may vote again to extend the resolution timeline beyond the current deadline. Key Points

Azad Engineering IPO allotment to be finalised Tuesday. Here's how you can check status

Azad Engineering IPO allotment: On the allotment date, investors will get to know about the number of shares allotted to them as against the bids made. They can check the allotment status through the BSE or by visiting the registrar's website. Here's how you can check the status on BSE. Key Points

Jai Corp's Virendra Jain makes highest bid for Rolta India

The company received nine bids mostly ranging between ₹500 crore and ₹700 crore to settle the total debt of the company which amounts to ₹14,000 crore, these people said. Jain's bid includes some conditional payments linked to insurance claims filed by Rolta and also recoveries from certain fraudulent transactions by the erstwhile promoters, these people said. Key Points

Credit Agricole, BAWAG poised to bid for Barclays German unit - sources

French bank Credit Agricole (CAGR.PA) and Austria's BAWAG Group (BAWG.VI) are set to submit binding bids for Barclays' (BARC.L) German consumer finance unit this week, two people familiar with the matter told Reuters. Key Points

NABARD raises Rs 1,000 crore in country's first social impact bond

NABARD accepted bids worth 10.40 billion rupees ($124.9 million), the bankers said, declining to be identified as they are not authorised to speak to the media. NABARD had planned to raise at least 10 billion rupees via this issue, with a greenshoe option to retain an additional 20 billion rupees. The state-run company has set a coupon of 7.63% on this issue. Key Points

Netweb Technologies IPO: Issue subscribed over 27 times on day 3 so far; check details

Netweb Technologies IPO subscribed 27.36 times on Day 3 so far. Retail investors subscribed 14.50 times, employees 36.27 times, NIIs 53.84 times, and QIBs 30.10 times. Key Points

Patanjali OFS fully subscribed, stock hits 5% upper circuit

The cut-off price, based on bids made in the non-retail category, has been fixed at Rs 1103.80. Retail investors, as defined by those with investments less than Rs 2 lakh, can therefore apply for a maximum number of 181 shares. Key Points

Govt to invite financial bids for Shipping Corp in May -sources

SCI - which owns and operates bulk carriers and crude oil tankers, among others - had to spin off its non-core assets before the government could sell its 63.75% stake, which hit a roadblock over the amount of funds to be transferred to the demerged entity. Key Points

GR Infra lowest bidder for 2 NHAI projects worth Rs 1,613 cr in Karnataka

GR Infraprojects Ltd on Tuesday said it has emerged as the lowest bidder for two NHAI projects worth Rs 1,613.84 crore. The financial bids were opened on March 28, 2023. Key Points

HAL shares tank over 5% as govt announces disinvestment of up to 3.5% stake to raise Rs 2,867 cr

Central Government announced the disinvestment of up to 3.5% stake in Hindustan Aeronautics (HAL) to raise Rs 2,867 crore. Key Points

Financialexpress