Through this deal, Pilani Investments is expected to realise one-time gain of Rs 1,909 crore, which is likely to be routed back to Birla Group via dividends.
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Through this deal, Pilani Investments is expected to realise one-time gain of Rs 1,909 crore, which is likely to be routed back to Birla Group via dividends.
The offer price for the transaction has been set at Rs 11,481 per share, representing a discount of around 3% to the current market price
The base offer size for the block deal is 32.3 million shares, representing 8% of the company's equity, with an upsize option of 8.1 million shares, or an additional 2% stake.
SAIF Partners and Elevation Capital will jointly sell 14.9 million shares, representing approximately 2.3% of Paytm's equity, through a block deal scheduled for August 4.
Mirae Asset says a shift away from mandatory ABS and CBS fitment could ease costs for entry-level motorcycles and scooters if the government adopts performance-based safety standards.
Flipkart, Eight Roads Investments and IMM India Fund are set to sell a combined 9.1% stake in Shadowfax through a block deal on July 24, sources told NDTV Profit.
HDFC Bank is not just the country's largest private lender, it is also 100% owned by the public, making it crucial for retail investors.
Stock snaps a five-session losing streak as analysts point to gains in cash and premium market share driven by higher institutional participation.
The oil and gas exploration business is also expected to report a muted quarter, with Ebitda likely to decline 1% to Rs 4,148 crore from Rs 4,195 crore due to lower production.
Shares of BSE and MCX have trailed the benchmark since June as lower options premium turnover raises concerns over exchange earnings after RBI's new funding framework took effect.
Commenting on the decision, Venu said it reflects the realities of India's rapidly expanding renewable energy ecosystem and the supply chain disruptions witnessed in recent years.
MacRitchie Investments will sell 1.19 crore shares, representing a 2.6% stake in PB Fintech, via a block transaction scheduled for Friday.
Among the likely beneficiaries, Laurus Labs and Biocon have been assigned a high probability of moving from the MSCI India Small Cap Index to the MSCI India Standard Index.
The collaboration will not require PN3 approval, according to Amber Enterprises.
According to estimates, Bharti Airtel could see inflows of about $95 million as index-tracking funds adjust their portfolios to reflect the revised benchmark weights. Eternal is also expected to attract inflows of around $5 million.
Jio Platforms is valued at Rs 11.9 lakh crore by analysts, nearly matching Bharti Airtel's entire market cap, including its Africa arm, tower business, and data centres.
Shyam Metalics is targeting a sharp expansion in revenue and earnings over the next five years, prompting brokerages such as JM Financial and Jefferies to raise their price targets on the stock.
The proposed OFS is expected to be structured with a base issue size of Rs 2,500 crore.
According to various analysts, every 50 paise per litre increase in fuel marketing margins is estimated to lift EBITDA by 7% for IOCL, 8% for BPCL and 11% for HPCL.
The latest cigarette price hikes come months after the government increased excise duty on cigarettes by 30-40% effective Feb. 1.