Hindustan Zinc shares slumped almost 8% in opening trades on August 16 after Vedanta Ltd opened its offer-for-sale, aimed at selling 3.17% stake in the latter. The OFS will happen between August 16-19. It has a base offer of 1.22%, with a possible expansion to 3.17% in case of oversubscription. The shares are being offered […]
Hindustan Zinc Shares Drop 8% as Vedanta’s Discounted OFS Opens Read More »
Hindustan Aeronautics Ltd has posted strong numbers for the first quarter of FY25, with a consolidated net profit of ₹1,437 crore, up 77% against ₹814 crore in the same quarter last year. Consolidated revenue from operations stood at ₹4,348 crore, up 11% against ₹3,915 crore on a year-over-year basis; its total income was through at
HAL’s Q1 Net Profit Soars 77% to ₹1,437 Crore, Revenue Up 11% Read More »
Akihiro Fukutome, global CEO of Sumitomo Mitsui Banking Corporation, is reportedly visiting India this week to consider picking up a sizeable stake in Yes Bank Ltd. According to a Mint report, SMBC could be looking at an investment of as much as USD 5 billion for a 51% stake in the private sector lender in
Sumitomo Mitsui CEO Considers $5 Billion Investment for 51% Stake in Yes Bank Read More »
Vedanta Limited has said it will sell 2.6% in Hindustan Zinc through an offer for sale of stocks, as per a stock exchange filing. This will take forward the sale of around 11 crore shares of Hindustan Zinc. Hindustan Zinc has recently posted its first profit growth in six quarters, driven by firmer zinc prices
Vedanta to Sell 2.6% Stake in Hindustan Zinc Through Offer For Sale Read More »
Torrent Pharmaceuticals, a leading player in the generic pharma industry, is reportedly planning to raise up to $3 billion from international lenders to acquire a controlling stake in JB Chemicals & Pharmaceuticals Ltd. This move is part of Torrent’s broader strategy to expand its market presence. According to a report by Bloomberg on August 13,
Torrent Pharma May Raise Up to $3 Billion to Acquire KKR’s Stake in JB Chemicals Read More »
In the latest quarterly reshuffle by MSCI, several notable changes have been made to the MSCI India Index. Seven stocks, including Dixon Technologies, Oil India, and Rail Vikas Nigam Ltd (RVNL), have been added to the index, according to a statement released on August 12. Other firms that have made it to the index include
Amara Raja Energy & Mobility (ARE&M), a subsidiary of the Amara Raja Group, is seeking external funding options, including debt, equity, or a combination of both, to support its ambitious plan of investing ₹9,500 crore in establishing a gigafactory corridor in Telangana. The company is currently funding its initial phase through internal accruals and borrowings
Amara Raja Explores External Funding for EV Battery Business, IPO Possible Read More »
Bharti Global, the international investment arm of Bharti Enterprises, has announced an agreement to acquire a 24.5% stake in BT Group from Altice UK, the largest shareholder of the British telecommunications company. Altice UK is owned by telecom tycoon Patrick Drahi. Bharti Enterprises, one of the world’s biggies in the telecommunications business, plans to initially
Bharti Global to Acquire Altice UK’s 24.5% Stake in BT Group Read More »
On Monday, August 12, Adani Group stocks, including Adani Enterprises, Adani Ports, and Adani Power, experienced significant declines, with shares falling as much as 5-6% from the previous close. The sharp drop followed the release of a fresh report by US-based short seller Hindenburg Research. The broader NSE Nifty 50 index also faced pressure, dropping
Adani Stocks Drop After Hindenburg Accuses SEBI Chief of Conflict of Interest Read More »
360 ONE Asset Management, a company mentioned in the recent Hindenburg report, has stated that its offshore fund, IPE-Plus Fund 1, never invested in any shares of the Adani Group. The company, which was formerly known as IIFL Wealth Management, made this clarification in a regulatory filing on Sunday. According to 360 ONE, the fund
Offshore Fund Linked to SEBI Chief Clarifies: No Investments in Adani Shares Read More »
