Posts in category Business Standard
Market LIVE: Sensex down 150 pts, smallcaps outrun; IT, realty stocks firm (16-08-2023)
Stock Market Live on August 16, 2023: Broader markets, too, witnessed selling pressure as Nifty Midcap 100 and Nifty Smallcap 100 indices declined up to 0.5 per cent
Occupancy surge, pharmacy profitability key triggers for Apollo Hospitals (15-08-2023)
As compared to 64% in the March quarter, overall occupancies across hospitals in the group were at 62%
Fundraising through SME IPOs hits a new high in 2023, shows data (15-08-2023)
The SME segment is for smaller enterprises raising lower amounts, while the mainboard is for listing larger, more mature companies
Oil prices drop over 1% due to intensifying pressure of Chinese economy (15-08-2023)
China's industrial output and retail sales data on Tuesday showed the economy slowed further last month, intensifying pressure on already faltering growth
Gangwal family likely to sell IndiGo stake worth Rs 3,730 cr via block deal (15-08-2023)
Morgan Stanley, Goldman Sachs, and JP Morgan are the investment banks advising the Gangwal family on the proposed sale
Entity offloads Ujjivan Financial Services shares for Rs 148 crore (14-08-2023)
Newquest Asia Investments II on Monday offloaded shares of Ujjivan Financial Services for Rs 148 crore through an open market transaction.
According to the bulk deal data available with the NSE, Newquest Asia Investments II Ltd disposed of 30 lakh shares of Ujjivan Financial Services.
The shares were sold at an average price of Rs 495.19 apiece, taking the aggregate transaction value to Rs 148.56 crore.
Meanwhile, Abakkus Emerging Opportunities Fund-1 acquired 11.50 lakh shares and BNP Paribas Arbitrage bought more than 6.79 lakh shares of Ujjivan Financial Services.
The shares were bought in the range of Rs 495-495.15 per share, taking the combined transaction value to Rs 90.56 crore.
On Monday, shares of Ujjivan Financial Services fell 1.63 per cent to close at Rs 498.95 apiece on the NSE.
Authum Investment sells JSW Energy shares for Rs 552 cr via open market (14-08-2023)
Authum Investment & Infrastructure on Monday offloaded shares of JSW Energy for Rs 552 crore through an open market transaction.
Authum is a BSE-listed and registered NBFC in the business of investment in shares and securities.
According to the bulk deal data available with the BSE, Authum Investment & Infrastructure sold 1,60,00,000 shares, amounting to a 0.97 per cent stake in JSW Energy.
The shares were disposed of at an average price of Rs 345 apiece, taking the transaction size to Rs 552 crore.
Meanwhile, GQG Partners Emerging Markets Equity Fund acquired more than 1.19 crore shares of JSW Energy at the same price, taking the aggregate transaction value to Rs 411 crore.
Details of the other buyers could not be ascertained.
Shares of JSW Energy gained 1 per cent to close at Rs 345.10 apiece on the BSE.
Last month, JSW Energy reported over 48 per cent decline in consolidated net profit to Rs 290 crore in the April-June quarter due to the one-time impact of non-operational ..
Regulator Sebi proposes easier norms for voluntary delisting mechanism (14-08-2023)
Expert group recommends fixed-price, lower threshold as alternatives to reverse book building
Sebi exempts two trusts from making open offer to Linc’s shareholders (14-08-2023)
Capital market regulator Sebi on Monday exempted two trusts from making an open offer to the shareholders of Linc Ltd in connection with their proposed acquisition of a 9.96 per cent stake in the company.
The order came after two trusts -- Suraj Mal Jalan Trust and Bimla Devi Jalan Trust -- filed an application in April 2023, and sought exemption from certain provisions of takeover regulations.
The acquirer trusts have been set up as private family trusts with the intent to ensure the maintenance and promotion of peace, harmony and unity between the family members of Suraj Mal Jalan and Bimla Devi Jalan.
Under the proposed acquisition, Suraj Mal Jalan and his wife Bimla Devi Jalan intend to transfer a total of 6.18 per cent and 3.78 per cent of their stakes in the firm to Suraj Mal Jalan Trust and Bimla Devi Jalan Trust, respectively, according to a Sebi order.
Once the transaction is complete, the acquirer trusts would collectively hold 9.96 per cent stake in Linc.
Suraj Mal Jala
Sebi proposes alternate mechanism to delist shares from stock exchanges (14-08-2023)
In addition, SEBI suggested a framework for companies that have shares held by investment-holding companies