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Stocks in News Today

November 30, 2021

Go Fashions: The leader in women’s bottom wear will debut at Dalal Street on Monday. The company sold its shares in the range of Rs 655-690 between November 17-22 to raise Rs 1,013.61 crore through IPO. Just a day before listing, it was earning a premium of Rs 490 per share, a premium of 70 per cent in the gray market.


Coal India: The government will receive around Rs 3,667 crore as an interim dividend from Coal India for the current 2021-22 fiscal, a company official said.The Maharatna PSU announced a 90 per cent interim dividend for FY22, and the total outgo for the purpose will be around Rs 5,546 crore.


IRCTC: The online bus ticketing platform redBus announced foray into rail ticketing with the launch of redRail, a rail ticket booking service in collaboration with IRCTC (Indian Railway Catering and Tourism Corp) as their authorized partner.


Indiamart Intermesh: Fintech firm said B2B e-commerce firm has acquired a stake in trade receivables discounting system services firm M1 Exchange for Rs 32.4 crore. IndiaMart earlier announced a deal to acquire 7.7 per cent in M1Exchange for Rs 32.4 crore and the transaction closed with the fintech firm receiving the deal amount.


Punjab National Bank: The public sector lender will invest as a promoter in Open Network for Digital Commerce by picking up over 9 per cent stake in the company, which is yet to be incorporated. Open Network for Digital Commerce (ONDC) Ltd is being established with a mandate to develop an open network for digital commerce.


Ujjivan Small Finance Bank: The private lender said that the RBI has appointed P N Raghunath as an additional director on the board of the bank.


Tattva Chintan Pharma Chem: As a part of futuristic need, the recently listed company has acquired an industrial land of 50,399.16 square meters at Dahej-III GIDC Estate, Gujarat.