The Committee of Creditors (CoC) of debt-ridden Reliance Capital is not in the favour of all binding bids that it received from the bidders, sources said on Wednesday. According to the sources, the lenders are of the opinion that the bid value offered by the bidders is too low. The CoC is likely to ask [...]
Alipay Singapore, an arm of chinese e-commerce giant Alibaba, on Wednesday sold 3.07 per cent stake in online food delivery aggregator Zomato for Rs 1,631 crore through an open market transaction. According to the bulk deal data available with the National Stock Exchange (NSE), Alipay Singapore Holding Pte offloaded a total of 26,28,73,507 shares, amounting [...]
Wind energy solutions provider Inox Wind on Tuesday said the company and its arm Inox Green Energy Services have paid debts of ₹ 411 crores. The Inox GFL group has initiated strategic action to deleverage its Wind business. Inox Wind has paid ₹ 161 crores, while Inox Green has paid ₹ 250 crores towards reducing [...]
The Government of India publicly holds a stake in more than 72 companies in India, according to the latest corporate shareholdings. It categorizes Central Public Sector Enterprises (CPSEs) under three different categories – Maharatna, Navratna, and Miniratna. Based on certain criteria, there are 11 companies that have the ‘Maharatna’ status. Of these, the record date [...]
Gland Pharma has entered into a put option agreement to acquire a 100% of Cenexi Group for an equity value not exceeding Euro 120 million (Enterprise Value of Euro 230 million). Its shares were trading 4.17% lower at ₹ 1799.70 apiece at 12:19 PM on Wednesday. The Cenexi Group is primarily a Contract Development & [...]
Benchmark BSE Sensex settled above the 63,000-level for the first time on Wednesday, extending its winning momentum to seventh day amid a largely positive trend in global markets and continuous foreign fund inflows. The 30-share barometer rallied 417.81 points or 0.67 per cent to settle at 63,099.65, its fresh record closing high. During the day, [...]
Societe Generale, a France-based financial services company bought more than 18 lakh equity shares of IT giant Wipro in a block deal on Tuesday. It bought another 48 lakh shares almost a week ago, on November 22, 2022. This takes the count to more than 66 lakh shares. According to block deals data available on [...]
The domestic indices BSE Sensex and NSE Nifty opened mildly in the green. The NSE Nifty gained 0.25% to trade at 18,625, and the BSE Sensex was up 177 points at 62,743. As the markets continue to rise, here are 3 fundamentally strong under Rs 500 for an upside of up to 43% : Indraprastha [...]
The shares of Britannia Industries Limited opened in green on Wednesday morning and moved marginally to reach its new 52-week high of Rs 4,337.30 in the early hours. In the past five days, the stock has gained approximately 3.6 percent. Recently, the company announced that it has entered into a joint venture agreement with French [...]
The shares of Housing and Urban Development Corporation Limited opened higher on Wednesday at Rs 49.15. It rallied by more than 12 per cent to reach its new 52-week high of Rs 55.20 in the early hours. In the past month, the stock has gained approximately 49 per cent. The stock majorly rallied after the [...]
