Page 3 - Axis Capital News Today

Vedanta Ltd. may raise $1 billion through share sale, working with Axis Bank and Citigroup, amid Indian equity rally.

Bharti Airtel is expected to increase its sub-GHz airwave holdings in the 900 MHz band across multiple circles in the upcoming spectrum auction, potentially becoming the top buyer despite Reliance Jio submitting the highest earnest money deposit (EMD). Airtel aims to bolster its rural mobile broadband coverage by enhancing its low-band airwaves arsenal. While Jio leads in sub-GHz spectrum holdings, Airtels recent focus on rural expansion and improved financial position suggests significant inves...

Bharti Airtel may end up cumulatively bidding for more spectrum than market leader Reliance Jio in the upcoming auctions. This is owing to its need for spectrum renewal, and a requirement for 900 MHz in a few circles, analysts have said. Despite the muted bidding expected in the upcoming auctions, Airtel may end up making more bids than Jio, they added.

Indias largest life insurer Life Insurance Corporation of India on Monday reported a net profit of Rs 13,782 crore for the quarter ended March 31, 2024, which was up by 4.5% over Rs 13,191 crore reported in the corresponding period of the last financial year. The company board has declared a final dividend of Rs 6 per share.

Stocks to watch: Shares of firms like LIC, IRCTC, Amara Raja, NALCO, NBCC, ABFRL, Adani Energy, and others will be in focus on Tuesday's trade.

Awfis Space IPO allotment: Awfis Space Solutions IPO listing date is fixed for May 30 on BSE and NSE.

May 28, 2024 - Argo Group International Holdings, Inc., an underwriter of specialty insurance, today announced the appointment of John Lecci as senior vice president, head of...

Vedanta may raise the funds through a type of share sale known as a qualified institutional placement, once approved to do so by shareholders, the people said

The Go Digit IPO garnered a robust reception, with the companys shares commanding a premium of Rs 25 in the unlisted market. Demand for the issue surged nearly 10 times by the close, fueled by strong interest from both retail and institutional investors.

Go Digit General Insurance's IPO ran between May 15 and May 17, which was sold in the price band of Rs 258-272 per share with a lot size of 55 shares.