Share Market News

Sterlite Electric filed a Draft Red Herring Prospectus (DRHP) with SEBI in early October, proposing a mix of an offer for sale and a fresh issue to raise capital and allow existing shareholders to monetise part of their stake.

The Securities and Exchange Board of India (SEBI) has introduced an important change to mutual fund investment rules.

Orkla India, the company behind MTR Foods, Eastern Condiments and Rasoi Magic, is preparing to issue shares for subscription from October 29 to 31, with anchor bids on October 28.