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Physical gold demand in some Asian hubs remained firm last week as lower prices lured buyers, although an uptick in domestic rates restrained purchases in India. In the spot market, the highest purity gold was sold at Rs 50,863 per 10 grams while silver was priced at Rs 55,937 per kg on Monday, according to the Indian Bullion and Jewellers Association.

“Whether one would like to buy along with the Nifty, I am not too sure because my take is that if crude oil prices have gone down and if the commodity prices are remaining under control, then in such a situation, even the metal stocks would participate when the market rallies. We will have to take some contra bet into this market instead of buying with Nifty.”

While announcing the sub-division and issuance of bonus shares in July, the holding company said that it wanted to provide liquidity to existing shareholders and make the scrip accessible for potential investors.

Tata Chemicals Ltd., incorporated in the year 1939, is a Mid Cap company (having a market cap of Rs 30265.05 Crore) operating in Chemicals sector.

The Nifty Pharma index was trading 0.14 per cent up at 12733.35.

A total of 3,688 shares changed hands on the counter till 11:06AM (IST).

The fund raise plan is within the shelf limit of Rs 1,400 crore.The issue is proposed to be opened on September 5, 2022. It will be closed on September 22.The housing financier said the deemed date of allotment of bonds is fixed at September 28

The board has approved fundraising of up to Rs 800 crore by issuing non-convertible non-cumulative participating redeemable preference shares (NCPRPS) of the face value of Rs 10 each, which constitutes 0.01 per cent of the fully paid-up capital on a private placement basis to the promoters.

In its probe, Sebi found that the scheme of issuance of GDRs was fraudulent as Nakoda had entered into a pledge agreement with European American Investment Bank or EURAM Bank for a loan that had been availed by Vintage towards the subscription of GDRs issued by the company.

The IPO of the Bangalore-based startup includes an issue of 3,62,90,000 equity shares of face value Re 1 each for cash at Rs 10 per equity share. The IPO will not have an offer for sale (OFS) component.Infurnia co-founders Nikhil Kumar and Lovepreet Mann will hold the largest share in the startup at a combined share of 50.64%.