Clear Wealth Consultancy Services, one of the promoters of Gokaldas Exports and holding a 20.56 percent stake as of Q3, is likely to sell a portion of its shares which is estimated to be 8.25 percent (40% of the total stake) through a block deal. The deal is likely to be done at a price [...]
The shares of Jindal Saw zoomed 8.48 percent on Thursday’s early trades to reach a fresh 5-year high of ₹ 177.10 apiece on the National Stock Exchange (NSE) after volumes jumped at the counter. 7.427 million shares changed hands at the counter on Thursday, against 4.341 million shares on Wednesday. In the past three months, [...]
NATCO Pharma Limited, on 8th March, got a nod from its Board for conducting a buyback transaction. The buyback will be involving an amount of up to 30, 00, 000 (Thirty Lakhs) fully paid-up equity shares of the face value of Rs. 2 each at a price not exceeding Rs. 700 per Equity Share payable [...]
Capital markets regulator Sebi on Thursday extended the timeline till March 15, for submission of public comments on a proposal pertaining to higher responsibility for sponsors of investment vehicles -- REITs and InvITs. The regulator had put in place a consultation paper on holding of sponsors in Real Estate Investment Trust (REITs) and Infrastructure Investment [...]
Usha Martin Limited jumped around 7 percent today as compared to the previous closing price. The stock opened its trading session at Rs 197 and currently trades at Rs 210 which also makes the company eligible to tick off its 10-year high figures. Over a horizon of 1 year, it is visible that the company [...]
Private sector lender Kotak Mahindra Bank has a "small exposure" to the embattled Adani Group which has been made in line with its credit philosophy, a senior official has said. Paritosh Kashyap, president and head for wholesale banking at Kotak Mahindra Bank, said the issues surrounding Adani Group are more of a "capital market and [...]
Religare Enterprises Limited (REL) on Thursday said its wholly-owned subsidiary Religare Finvest Limited (RFL), has completed the One-Time-Settlement (OTS) with 16 lenders by making a full and final payment of Rs 400 crore. The OTS was completed on March 8, nearly a month in advance before the deadline, as per the settlement agreement with the [...]
Housing sales in volume terms grew 11 per cent in the third quarter of this fiscal across seven cities on better demand, according to rating agency ICRA. "At 149 million square feet (msf), the reported sales in Q3 FY2023 in the top seven cities in India is the highest quarterly sales recorded in over ten [...]
Two entities on Wednesday offloaded shares of non-banking financial company Shriram Finance's shares worth over Rs 1,329 crore through open market transactions. Private equity player Apax Partners' subsidiary Dynasty Acquisition (FPI) and Arkaig Acquisition (FPI) offloaded the shares in the NBFC firm. Dynasty sold 83.50 lakh shares on NSE, and Arkaig offloaded 24.98 lakh shares [...]
The nation's largest lender State Bank of India on Wednesday raised Rs 3,717 crore through additional tier 1 bond sale. The bank said this is the third Basel III compliant additional tier 1 (AT1) bond sale and the latest issue was closed at a coupon rate of 8.25 per cent. The proceeds will be used [...]
