Venture capital firm Sequoia Capital has reduced its holding in Zomato Ltd to 4.4 per cent after selling shares in open market, according to a regulatory filing by the online food delivery platform. Sequoia Capital had held a 6.41 per cent stake in Zomato before the sale. In a regulatory intimation by Sequoia Capital filed [...]
The shares of Nelco Limited opened 9 per cent higher at Rs 845 on the last trading day of the week as against the previous close of Rs 778. In the early trading session, the stock was locked in an upper circuit of 10 per cent at Rs 856. The rally started after the Satellite [...]
Adani group on Friday launched its Rs 31,000-crore open offer to acquire 26 per cent additional stake from the public shareholders of Swiss firm Holcim's two Indian listed entities ACC Ltd and Ambuja Cements. In May this year, the Adani Group had announced that it had clinched a deal to acquire a controlling stake in [...]
The Initial Public Offer (IPO) of airport service aggregator DreamFolks Services received 6.09 times subscription on the second day of the offer on Thursday. The IPO received bids for 5,77,86,948 shares against 94,83,302 shares on offer, according to data available with the NSE. The quota for Retail Individual Investors (RIIs) was subscribed 19.10 times, the [...]
Equity benchmarks capitulated in the last hour of trade on Thursday to break their two-session winning run, with IT, finance and bank stocks playing spoilsport amid expiry of monthly derivative contracts. A weakening rupee also weighed on sentiment, traders said. After remaining in the positive territory for most part of the session, the 30-share BSE [...]
The shares of ELGI Equipment surged more than 3% in the early trading hours of Thursday to reach a new 52-week high of Rs 491. The stock has surged by more than 12 percent in the last five days. In the span of a month, the stock has zoomed by more than 32 percent. A [...]
The shares of Advait Infratech Limited were trading at a fresh 52-week high of ₹474.30. They are currently locked at an upper circuit of 4.99%. Advait Infratech Limited operates in various verticals such as turnkey telecommunication projects, installation of power transmission, substation and telecom products, liasioning – marketing and providing end-to-end solutions to the customers. [...]
The first half of the year 2022 saw a massive sell-off by Foreign investors. Instances when American PE firm KKR sold its entire 27% holding in Max Healthcare for ₹9,185 crores and Uber sold its entire 7.78% stake in Zomato for ₹3,088 crores showcased the loss of their interest in Indian markets. However, after months, [...]
Adani group stocks ended on a mixed note on Wednesday, a day when the broader market also depicted a volatile trend. Shares of Adani Enterprises jumped 3.74 per cent, Adani Transmission advanced 2.97 per cent, and Adani Ports and Special Economic Zone gained 0.40 per cent on the BSE. On the other hand, Adani Power [...]
India's banking sector is faced with the predicament of a "massive asset-liability mismatch" that could explode anytime, adding that there is a need to reassess laws governing the industry, renowned economist Pronab Sen said. Sen said "that explosion" has not yet happened as most of the banks are in the public sector. Explaining the situation, [...]
