The company has entered into share purchase agreement with SG BRIC III Trading, LLC to sell 1.61 percent stake in IEX for Rs 34.64 crore and to sell 3.02 percent stake to Siguler Guff NJMD Investment for Rs 64.99 crore.
Posts tagged MC
Financial Technologies rises 7%, divests stake in IEX (10-11-2015)
Nifty can fall at opening bell: Maximus Securities (10-11-2015)
Trading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could loose 56 points at the opening bell, says Maximus Securities.
Fed Dec hike more likely; prefer DMs over EMs: Ian Hui (10-11-2015)
Ian Hui of JP Morgan Asset Management is also of the view that the Fed is likely to hike rates in December, which is the main cause for volatility in the markets world over and is also likely to continue for some more time.
See gap down opening led by weak global cues: ICICIdirect (10-11-2015)
Nifty is likely to open gap down on the back of weak global cues. It is likely to trade in the range of 7810-7930, says ICICIdirect.
Oil price to rise only gradually to $80 by 2020: IEA (10-11-2015)
In its World Energy Outlook, the IEA said it anticipates demand growth under its central scenario will rise annually by some 900,000 barrels per day to 2020, gradually reaching demand of 103.5 million bpd by 2040.
Indirect tax collections grow by 36.8% in October (09-11-2015)
With this, the Finance Ministry said, it has met 59.2 percent of indirect tax target for the full fiscal. As per the Budget Estimate 2015-16, the government aims to collect Rs 6.46 crore from indirect taxes — central excise, Customs and service tax.
Long-term India story intact; see more rate cuts: Experts (09-11-2015)
Raamdeo Agrawal of Motilal Oswal is bullish on the market from a 3-5 year horizon. According to him if one has an investing horizon of 3-5 years, then there could be a year when market could rise by 50-60-70 percent.
Gold, silver coin sales surpass jewellery on Dhanteras (09-11-2015)
According to jewellers and MMTC-PAMP India, the buying activity remained robust throughout the day at most places.
See better Samvat 2072;banking a worry: Rakesh Jhunjhunwala (09-11-2015)
In an exclusive interview to CNBC-TV18’s Udayan Mukherjee, Jhunjhunwala, however, red-flags the Indian banking sector for its alarming levels of bad debts.
OECD shaves 2015 global growth forecast to 2.9% (09-11-2015)
In September, the OECD forecast global growth to be 3.0 percent this year, trimming estimates it made in June for 3.1 percent.