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The Bengaluru-based firm said for retail investors, the entitlement ratio - the indication of minimum shares that the company will definitely accept in the buyback - has been fixed at 23.4%, while for others, it is 4.3%. Analysts recommend retail investors tender shares in the buyback programme given the ongoing uncertainty in the sector.

A strategic sale of Afcons, an engineering, procurement and construction (EPC) company, is also one of the options on the table for which Middle East-based companies have been tapped, said the sources cited above.

As part of the settlement, the NSE Clearing has also paid Rs. 22.88 crore. The 2021 trading glitch resulted in heavy losses for the broking community due to panic selling. The technical glitch was due to issues with two telecom service providers, and the bourse has multiple telecom links to ensure redundancy.

The emergence of the Bullish Strong Line pattern has caught the attention of market experts and can serve as a bullish reversal signal in a downtrend. ETMarkets has identified three potential bullish opportunities where this pattern has emerged, including Mangalore Refinery and Petrochemicals Ltd. in the oil and gas industry, CreditAccess Grameen Ltd. in the microfinance sector, and Infibeam Avenues Ltd. in the e-commerce and digital payments solutions space. Investors should conduct thorough research and analyze various factors before deciding to invest, including market conditions, industry trends, and company fundamentals.

Norges Bank, through its Government Pension Fund Global, has sold around 0.77% of the stake in Archean Chemicals via open-market transactions. This equates to roughly 9.5 lakh shares, and the sale was made at a price of INR510.87 ($6.80) per unit. Norges Bank received INR48.5 crore from the transaction. The company has been showing marginal growth, with net profit for Q1 nearly flat compared to INR372 crores in 2019. In contrast, Societe Generale bought 0.52% of shares in Archean Chemicals.

This follows the UK investor’s exit from private insurer HDFC Life, where it sold some INR2,000cr of shares in the pre-merger stake sale. HDFC AMC returned to shareholders nearly 123 times the cost of its pre-IPO investment, while its shares rallied almost 11.39% to INR2,108.05 on Tuesday.

The issue will be subject to shareholder approval, with the record date for eligibility to receive bonus shares yet to be announced. Bonus shares, which are fully paid additional shares issued by a company to its existing shareholders, are intended to increase liquidity and reduce the stock price to make it more affordable for investors.

The company has raised about Rs 60 crore in a pre-IPO round from institutional investors that included Tata AIG General Insurance, Motilal Oswal Mutual Fund, and Think Investments PCC. The IPO comprises a fresh issue of up to Rs 240 crore in equity shares plus an offer for sale of up to 4.86 million units

Piramal Enterprises is set to sell its 8.34% holding in Indian consumer finance firm, Shriram Finance, through a transaction which will see about 3.1 crore shares sold off at a rate of Rs 1,483 per unit, a 5% discount from current levels. Investors in Shriram Finance include Morgan Stanley, Bajaj Allianz Life Insurance, ABSL MF, DSP MF. In Q1 2017, Shriram Finance reported a 20% YoY rise in profit to Rs 1,308 crore.

SEBI has cautioned Nuvama Wealth and Investment, formerly called Edelweiss Broking, to ensure the proper conduct of all its businesses and to report suspicious transactions on time. This warning was part of an order that surfaced in relation to allegations that Nuvama Wealth violated code of conduct regulations back in 2014.