Decision to split the shares was taken on December 23, 2024. Previous Rs 10 share will now be split into 5 shares of Rs 2 each The split will be effective from January 10, 2025 Stock splits as such don’t add any fundamental value to the business or it’s prospects. The greater number of shares … Read more
Nishant Pitti, one of the three promoters has decided to sell his balance 14.21% stake in the Company. He is expected to sell it @15.6/ share i.e., Rs 780 cr via block deal. The Current trading price is Rs 17/ share. Various Institutional Investors such as CRAFT Emerging Market Fund PCC – Citadel Capital Fund, … Read more
After acquiring majority in India Cements, UltraTech has now approved acquiring ~8.69% equity stake of Star Cement. Approval is for 3.7 cr shares @ price/ share not exceeding Rs 235 Total consideration is approved of Rs 851 cr (excluding STT, stamp duty and other levies) Shares are expected to be acquired from Star Cement Promoters … Read more
C.E. Info Systems (MapmyIndia) has made some surprise announcements. Rohan Verma, the CEO and Executive Director of the Company is stepping down from the CEO position to float a new B2C Venture He however, will continue to the Non-Executive Director of MapmyIndia MapmyIndia will provide the following support to the new B2C Venture by Rohan … Read more
Larsen & Toubro (L&T) is acquiring 21% stake of E2E Networks. E2E is a listed Company It was founded in 2009 and got listed in 2018 The Company mainly offers public cloud to it’s customers 21% stake acquisition by L&T is a combination of primary and secondary 15% primary through preferential allotment @ 3,622/ share … Read more
As per speculation reports in most newspapers, Reliance is getting set for the telecom business IPO in 2025. Retail is rumoured to target later. Company has not officially confirmed this and has chosen not to respond. Telecom and Retail IPOs are much awaited developments from Reliance. In 2019, Reliance had informed to target for both … Read more
Along with it’s Q2 FY 25 results,. Zomato’s board has approved a QIP raise. QIP is for Rs 8,500 cr Raise is to strengthen the balance sheet As per Company – “While the business is now generating cash (vis-a-vis a loss making business at the time of IPO), the company believes that it needs to … Read more
Bajaj Finserv (BFL) in it’s communication to the stock exchanges, has informed of Allianz’s intention to exit. The German Company Allianz SE holds 26% stake in Bajaj Allianz Life Insurance Co. and Bajaj Allianz General Insurance Co, whereas BFL holds the balance 74% in both. Allianz may be planing to exit as Bajaj is not … Read more
As on date, Opella Healthcare owns controlling stake of 60.37% in Sanofi Consumer Healthcare India (SCHIL). On October 21, 2024, Sanofi and Clayton, Dubilier & Rice, LLC (CD&R, the manager of the Clayton Dubilier & Rice private equity funds) have announced that they have entered into exclusive negotiations whereby CD&R Group has agreed to acquire … Read more