Friday, November 29
The shares of Ola Electric Mobility went down by 4% to day’s low of Rs 77.31 on BSE as the three month lock-in period expires today.This means that approximately 18.2 crore (182 million) shares of the company, which were previously locked in and prohibited from sale, will now be eligible to be sold. These 18.2 crore represents 4% of the total equity.A 3-month share lock-in period refers to a time frame of a month, during which certain shareholders are restricted from selling or transferring their shares in the market.When a company goes public through an IPO, certain investors are restricted from selling their shares during a "lock-in period" to stabilize stock prices and prevent sudden sell-offs.Typically set at six months but sometimes extending up to a year, this period ensures major
Technology-enabled business solutions and services provider Sagility India , has garnered Rs 945 crore from anchor investors ahead of its initial public offering which has opened for public subscription today.The company informed the bourses that it allocated 31.51 crore (31,51,34,668) equity shares at a price of Rs 30 per share to the anchor investors on Monday, November 04.Out of the total number of equity shares allocated to the anchor investors, 11.84 crore (11,84,03,500) shares were allocated to 8 domestic mutual funds through a total of 26 schemes amounting to nearly Rs 355 crore i.e. 37.57% of the total anchor book size.Foreign and domestic institutions who participated in the anchor round were HDFC Mutual Fund, Nomura, Government Pension Fund Global (Norges Bank), ICICI Prudential
Ukraine attacked North Korean troops for the first time since they were deployed in the Russian border region where Kyiv's forces have been holding territory since August, according to an official."The first North Korean troops have already come under fire in the Kursk region," Andriy Kovalenko, the head of the Ukrainian Center for Countering Disinformation, which is part of the country's National Security and Defense committee, said on Monday, without elaborating.North Korea is dispatching about 10,000 troops, including from the elite special forces, to Russia, a move NATO Secretary General Mark Rutte has called a "significant escalation" in Kremlin's war on Ukraine.Russia has been speeding up an advance in Ukraine's east and pushed harder to dislodge Ukrainian forces in Kursk, where Kyiv
