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The company invited bids from investors earlier in the day and received bids from high-net-worth investors, family offices and domestic private credit funds, the bankers said requesting anonymity as they are not authorised to talk to the media.

Indian indices hit new all-time highs on Monday, with the Nifty reaching 25,445.70 and ending at 25,377.80, while the Sensex peaked at 83,184.34 before closing at 82,988.99. Analysts predict ongoing consolidation but a bullish trend ahead.

Indian indices hit new highs on Monday but traded within a narrow range. Nifty closed at 25,377.80, up 21.30 points. S&P BSE Sensex closed at 82,988.99, up 98.05 points. Technical analyst Rupak De sees continued strength in the Nifty, with support levels at 25,150-25,200 and resistance at 25,460-25,500.

Goldman Sachs bought 7.4 lakh shares in India Shelter Finance Corporation through a block deal at Rs 752.35 per share. Other buyers included SBI Life Insurance and ICICI Prudential Life Insurance. Nexus Ventures III Limited and Nexus Opportunity Fund II Limited were the sellers.

Revenge buying of gold after the cut in import duty has softened with jewellers reporting a up to 15 per cent drop in demand as prices surged nearing the Rs 74,000 per 10 gm mark. The price of gold on Monday was hovering around Rs 73,733 per 10 gm.

Promoters held 52.63 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 20.43 per cent and 9.11 per cent, respectively.

Rice stocks were in heavy demand on Monday, with Kohinoor Foods surging 20 per cent, after the government said the USD 950 per tonne minimum export price (MEP) on basmati rice has been removed.

Despite a small negative candle for the second consecutive session, analysts suggest this could signal a continuation of the uptrend. Open interest data also supports this view, with higher call OI at 25,400 and 25,500 strikes.

SEBI has reduced the time for crediting and trading bonus shares to two days from the record date. This change will be applicable to all bonus issues announced after October 1, 2024.