Author name: Lisl News Desk

News Desk

Adani Group Considering 5% Stake Sale in Adani Power and Ambuja Cements: CNBC Awaaz

Adani Group Considering 5% Stake Sale in Adani Power and Ambuja Cements: CNBC Awaaz

/ Indian Market /

The Adani Group is reportedly looking forward to reducing its debt by selling up to 5% of promoter holdings in Adani Power and Ambuja Cements, reports CNBC Awaaz. Those privy to the promoters plan indicate that the promoters are looking to offload a portion of their stakes in these listed companies while the current holding […]

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Dabur to Invest ₹400 Crore in First South India Manufacturing Unit, Creating 250 Jobs

Dabur to Invest ₹400 Crore in First South India Manufacturing Unit, Creating 250 Jobs

/ Indian Market /

Dabur India is all set to establish its first-ever manufacturing facility in South India, with a total investment of ₹400 crore over the next five years. It has signed a memorandum of understanding with the state government of Tamil Nadu, mentioning an initial investment of ₹135 crore in Phase 1 itself. The new facility, located

Dabur to Invest ₹400 Crore in First South India Manufacturing Unit, Creating 250 Jobs Read More »

Eris Lifesciences Sees ₹1,187 Crore Equity Change Hands in 7.2% Block Deal

Eris Lifesciences Sees ₹1,187 Crore Equity Change Hands in 7.2% Block Deal

/ Indian Market /

On August 22, a good block deal was seen in Eris Lifesciences, wherein about 98.9 lakh shares, or 7.27 per cent of the company’s equity changed hands at ₹1,201 per share. The deal value was ₹1,187 crore. The identities of the buyers and sellers who were parties to the block deal could not be ascertained

Eris Lifesciences Sees ₹1,187 Crore Equity Change Hands in 7.2% Block Deal Read More »

Alkem Laboratories: ₹487 Crore Block Deal as Promoter Likely Sells Stake

Alkem Laboratories: ₹487 Crore Block Deal as Promoter Likely Sells Stake

/ Indian Market /

On August 22, a big block deal in Alkem Laboratories saw shares worth ₹487 crore being traded. It was about 8.5 lakh shares or 0.7 per cent stake in the pharma company, at a floor price of ₹5,732 per share. The sellers of the deal are reportedly promoters of the company. Though the exact details

Alkem Laboratories: ₹487 Crore Block Deal as Promoter Likely Sells Stake Read More »

Kalyan Jewellers Sees ₹3,184.50 Crore Block Deal as Highdell Investment Offloads Stake to Promoter

Kalyan Jewellers Sees ₹3,184.50 Crore Block Deal as Highdell Investment Offloads Stake to Promoter

/ Indian Market /

It was followed by a major block deal of ₹3,184.50 crore executed on Kalyan Jewellers, probably Highdell Investment selling part stake to the company promoter Trikkur Sitarama Iyer Kalyanaraman on August 22. This came to around 5.90 crore shares, or 5.7% of the company, changing hands at a floor price of ₹539 a share. Though

Kalyan Jewellers Sees ₹3,184.50 Crore Block Deal as Highdell Investment Offloads Stake to Promoter Read More »

Zomato to Acquire Paytm’s Entertainment Ticketing Business for ₹2,048 Crore, Strengthening “Going-Out” Segment

/ Indian Market /

Zomato, the online food delivery giant, is planning to acquire Paytm’s entertainment ticketing business for ₹2,048 crore, according to a joint announcement made by the two companies on Wednesday. This proposed acquisition aims to strengthen Zomato’s “going-out” segment while allowing Paytm to focus more sharply on its core payments and financial services operations. The proposed

Zomato to Acquire Paytm’s Entertainment Ticketing Business for ₹2,048 Crore, Strengthening “Going-Out” Segment Read More »

ICICI Securities Pays ₹69.8 Lakh to Settle Merchant Banker Regulations Violation

ICICI Securities Pays ₹69.8 Lakh to Settle Merchant Banker Regulations Violation

/ Indian Market /

ICICI Securities has agreed to pay ₹69.8 lakh to settle allegations of violating Public Issue Regulations and Merchant Banker Regulations. The settlement comes after the Securities and Exchange Board of India (SEBI) issued a showcause notice to the merchant banker, citing various lapses, including inadequate due diligence and contradictory statements in a Draft Red Herring

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PNB Housing Surges 6% as General Atlantic Singapore Likely Sells 5% Stake

PNB Housing Surges 6% as General Atlantic Singapore Likely Sells 5% Stake

/ Indian Market /

Shares of PNB Housing Finance jumped over 6% in early trading on August 21, following a significant block deal where 1.39 crore shares, equivalent to a 5% stake in the company, were traded. The likely seller is General Atlantic Singapore Fund, a private equity investor. Although the exact parties to the transaction were not immediately

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US-based Chevron to Invest $1 Billion in New Tech Center in Bengaluru

US-based Chevron to Invest $1 Billion in New Tech Center in Bengaluru

/ Indian Market /

US-based energy giant Chevron announced a huge USD 1 bn investment in Bengaluru for setting up a new technology center on August 20. Christened Chevron Engineering and Innovation Excellence Center, or ENGINE, this facility is going to prove critical to the group’s global operations and projects. Chevron plans to employ about 600 people by the

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Cyient to Sell 14.5% Stake in Subsidiary Cyient DLM via Block Deal, Floor Price Likely at Rs 748.65 per Share

Cyient to Sell 14.5% Stake in Subsidiary Cyient DLM via Block Deal, Floor Price Likely at Rs 748.65 per Share

/ Indian Market /

On August 20, IT services company Cyient announced that its board has approved the sale of a 14.5% stake in its subsidiary, Cyient DLM, through a block deal. The floor price for the sale is expected to be set at Rs 748.65 per share, reflecting a nearly 5% discount compared to the Rs 788.05 per

Cyient to Sell 14.5% Stake in Subsidiary Cyient DLM via Block Deal, Floor Price Likely at Rs 748.65 per Share Read More »

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