The National Stock Exchange of India Ltd (NSE) remained the world s largest derivatives exchange for the second consecutive year in 2020 in terms of number of contracts traded, according to the Futures Industry Association (FIA). In addition, the bourse has been ranked fourth in the world in cash equities by number of trades by the World Federation of Exchanges (WFE) for calendar year 2020, NSE said in a statement on Thursday. The exchange said it has been focused on building robust markets for all asset classes and had launched a host of new products and services last year. In the capital market segment, NSE has listed T-bills (Treasury Bills) and SDLs (State Development Loans) facilitating investors to transact in these securities, in addition to the existing dated Government Securities (G-sec) available for trading.
Stove Kraft IPO opens on Jan 25
January 21, 2021
The company is looking to raise ₹412.65 crore at the upper band
Sequoia Capital-backed kitchen appliances manufacturer Stove Kraft Ltd has fixed a price band of ₹384-385 per share for its Initial Public Offering (IPO), which opens on on Monday. The Benguluru-based company is looking to raise ₹412.65 crore at the upper band, and ₹411.82 crore at the lower price band.
The IPO comprises a fresh issue of ₹95 crore and an Offer For Sale of upto 82.50 lakh shares, including 6.9 lakh shares by promoter Rajendra Gandhi and up to 59,300 shares by another promoter Sunita Rajendra Gandhi. Sequoia Capital India Growth Investment Holdings-I would also tender up to 14.92 lakh shares and up to 60.07 lakh by SCI Growth Investments II.