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Stanley Lifestyles Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
| AnnouncementThe Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for SBI Mutual Fund
Stanley Lifestyles Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
| AnnouncementThe Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nippon Life India Trustee Ltd
Stanley Lifestyles aims for business doubling in major metros with a steady 20% annual growth rate, steering clear of small town expansions.
Indicating that the company is still interested in the mega Tajpur deep sea port in West Bengal, JSW Infrastructure Ltd said that it remains open to re-evaluate its strategy for the project.
The shares were acquired through a bulk deal at Rs 478.9 each. In the same transaction, Oman India Joint Investment Fund sold approximately 40.7 lakh shares, according to BSE data. Separately, on the NSE, Franklin Templeton Mutual Fund and Nippon India Mutual Fund purchased 11 lakh and 5 lakh shares in Stanley, respectively.
Shares of luxury furniture brand Stanley Lifestyles Ltd ended with a premium of nearly 30% on Friday, against the issue price of Rs 369. The stock started the trade at Rs 499, reflecting a jump of 35.23 per cent on the BSE.
Stanley Lifestyles' successful IPO debut and premium listing reflect its position as a leading luxury furniture brand. With strong financial backing and strategic partnerships, the company is poised for significant growth in the upscale furniture market.
Stanley Lifestyles Listing of Equity Shares of Stanley Lifestyles Ltd
| AnnouncementTrading Members of the Exchange are hereby informed that effective from June 28, 2024, the equity shares of Stanley Lifestyles Ltd (Scrip Code: 544202) are listed and admitted to dealings on the Exchange in the list of ''B'' Group Securities. For further details please refer to the notice no. 20240627- dated June 27, 2024.
Private equity-backed Stanley Lifestyles, the fourth-largest player in India's home furniture market, is set to launch a ₹537 crore IPO. The company's revenues have more than doubled, and net profit has grown significantly in recent years.
Bengaluru-based Stanley Lifestyles filed the DRHP for its IPO in September this year. The issue, with a face value of Rs 2, consists of a fresh equity of up to Rs 200 crore and an offer for sale (OFS) of up to 91.3 lakh shares by the promoter and shareholders.
