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Swiggy is expected to finalize its IPO share allotment today, with its debut on the BSE and NSE scheduled for November 13. The IPO received a respectable three-fold oversubscription, and shares are currently trading at a slight premium in the unlisted market. The company plans to utilize the proceeds for investments in technology, brand building, and its subsidiary, Scootsy.
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In the Nifty500 pack, three stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on November 8, according to stockedge.com's technical scan data.
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Indian Railway Finance Corporation (IRFC) and four other companies set November 12th as the record date for dividend eligibility. IRFC announced a dividend of Rs 0.8 per share. Other companies, including D-Link (India), Indraprastha Gas, PDS Ltd, and POWERGRID Infrastructure Investment Trust, also declared dividends.
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