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 »
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
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
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
ICICI Securities Pays ₹69.8 Lakh to Settle Merchant Banker Regulations Violation Read More »
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
PNB Housing Surges 6% as General Atlantic Singapore Likely Sells 5% Stake Read More »
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
US-based Chevron to Invest $1 Billion in New Tech Center in Bengaluru Read More »
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
Tech Mahindra’s shares saw an increase of over 2% on August 20 after the company’s management approved the sale of a 103-acre land parcel in Hyderabad to Mahindra University. The deal, valued at Rs 535 crore, includes land and buildings with a total built-up area of approximately 1.26 million square feet spread over 17 buildings
Shares of Axiscades Technologies climbed over 6% on August 20 after its subsidiary, Epcogen, secured a long-term contract with Highview Power Limited, a UK-based energy storage technology company. At 2 PM, the stock was 2.1 percent higher at Rs 554 on NSE against the previous close of the session. Epcogen has won another large deal,
ADF Foods shares jumped over 7% on August 20, following a significant block deal worth approximately Rs 100 crore. The stock opened with a 3.68% gain and reached an intraday high of Rs 242.85 per share on the Bombay Stock Exchange (BSE). According to CNBC-TV18, the sharp rise in its share price can be attributed
ADF Foods Shares Surge Over 7% Following Rs 100 Crore Block Deal Read More »
