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Vanguard Group Acquires Shares Worth Rs 1000 Crore in 7 Indian Companies

Vanguard Group Acquires Shares Worth Rs 1000 Crore in 7 Indian Companies

/ Indian Market /

On September 20, Vanguard Group made significant investments in the Indian stock market, purchasing shares worth approximately Rs 1000 crore across seven listed companies through bulk deals. Simultaneously, UBS Principal Capital Asia Limited reduced its holdings in various companies on the same day. Key Transactions: Vanguard Group Inc A/C Vanguard Total International Stock Index Fund: […]

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India to Receive $1 Billion Boost from FTSE Rebalancing; ICICI Bank Set for $236 Million Inflows

India to Receive $1 Billion Boost from FTSE Rebalancing; ICICI Bank Set for $236 Million Inflows

/ Indian Market /

India is set to benefit from significant equity inflows of $1 billion due to the semiannual rebalancing of the FTSE All World and FTSE All Cap indices, which is scheduled for September 20. This adjustment, according to IIFL Alternative Research, will involve the inclusion of 13 new Indian stocks in the FTSE All-World Index. Prominent

India to Receive $1 Billion Boost from FTSE Rebalancing; ICICI Bank Set for $236 Million Inflows Read More »

ITD Cementation Surges 14% on Reports of Adani Group's Promoter Stake Acquisition

ITD Cementation Surges 14% on Reports of Adani Group’s Promoter Stake Acquisition

/ Indian Market /

Shares of ITD Cementation India jumped over 14 percent on September 20, following reports that the Adani Group is set to acquire a 46.64 percent stake held by the company’s promoter. The stock soared to Rs 539 on the NSE shortly after opening, while Adani Enterprises stock rose 0.35 percent to Rs 2,953.5. According to

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IndoStar Capital Finance Soars 13% After Selling Home Finance Unit for Rs 1,750 Crore

IndoStar Capital Finance Soars 13% After Selling Home Finance Unit for Rs 1,750 Crore

/ Indian Market /

Shares of IndoStar Capital Finance surged over 13 percent in early trade on September 20, following the sale of its subsidiary IndoStar Home Finance for Rs 1,750 crore. The buyer, Witkopeend BV, is an Amsterdam-based affiliate of the global private equity firm BPEA EQT Mid-Market Growth Partnership. At 9:37 am, IndoStar’s stock, part of Madhusudan

IndoStar Capital Finance Soars 13% After Selling Home Finance Unit for Rs 1,750 Crore Read More »

HDFC Bank Set to Finalize Rs 9,000-Crore Loan Sale by End of September: Report

HDFC Bank Set to Finalize Rs 9,000-Crore Loan Sale by End of September: Report

/ Indian Market /

HDFC Bank, India’s largest private lender, is set to complete the sale of loans worth over Rs 9,000 crore ($1.08 billion) by the end of September, according to sources familiar with the matter. This marks the bank’s largest loan sale to date. The loan sale involves the issuance of pass-through certificates (PTCs) backed by a

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AAVAS Financiers Surges 3% as Board Approves NCD Issue to Raise Rs 630 Crore

AAVAS Financiers Surges 3% as Board Approves NCD Issue to Raise Rs 630 Crore

/ Indian Market /

Shares of AAVAS Financiers jumped over 3% to Rs 1,871 per share on September 19 after the company’s board approved the issuance of non-convertible debentures (NCDs) to raise Rs 630 crore. NCDs are a debt instrument used by companies to raise funds from the public or institutional investors. This year, AAVAS Financiers’ stock has risen

AAVAS Financiers Surges 3% as Board Approves NCD Issue to Raise Rs 630 Crore Read More »

Excellent Wires and Packaging Debuts at 5% Discount to IPO Price on NSE SME

Excellent Wires and Packaging Debuts at 5% Discount to IPO Price on NSE SME

/ Indian Market /

Shares of Excellent Wires and Packaging had a weak stock market debut on September 19, listing at Rs 85 per share on the NSE SME platform, a 5.56% discount to the issue price of Rs 90. The listing was in line with grey market predictions, where the shares were trading without a premium. The company’s

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Gift Nifty Flat After Initial Surge from Fed Rate Cut; Tracks Volatility in US Markets

Gift Nifty Flat After Initial Surge from Fed Rate Cut; Tracks Volatility in US Markets

/ Indian Market /

Gift Nifty futures on NSEIX saw a sharp rise after the US Federal Reserve announced a 50 basis point rate cut on September 18, but quickly gave up gains, ending near flat. Gift Nifty surged 135 points to hit 25,474 but retraced to 25,355 by the end of the second session. On September 19, it

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Aurobindo to Acquire Remaining 49% in GLS Pharma for ₹22.5 Crore

Aurobindo to Acquire Remaining 49% in GLS Pharma for ₹22.5 Crore

/ Indian Market /

Aurobindo Pharma has announced plans to acquire the remaining 49% stake in GLS Pharma for ₹22.5 crore, making GLS Pharma a wholly-owned subsidiary. The deal involves purchasing the shares at ₹381.12 each, with the transaction expected to be completed by December 2024. Aurobindo had first bought 51 per cent of GLS Pharma in June 2022

Aurobindo to Acquire Remaining 49% in GLS Pharma for ₹22.5 Crore Read More »

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