Sector: Industrials
Kubota of Japan rumoured to acquire Nanda’s stake in Escorts
Kubota Corp (KC) of Japan, an agriculture and heavy equipment firm is rumoured to be in discussions with the promoters (Nanda family) to acquire their stake in Escorts Ltd (EL). Key points to note – KC’s current mcap is around USD 27 bn and EL’s about USD 2.7bn. KC already owns 9.09% in EL – … Read more
Sanjay Kirloskar (Chairman) gets into an unnecessary spat over daughter’s appointment to the board
Proxy advisory firm Institutional Investor Advisory Services’s (IiAS) recommendation to vote against a resolution to reappoint 31-year-old Rama Kirloskar to the board of (KBL) and also her appointment as joint managing director triggered a war of words between her father Sanjay Kirloskar (Chairman of the Company), and the proxy advisory firm through series of emails. … Read more
Why stock prices decline when you buy and increase when you sell ?
Is there any logical explanation to this? I think there is – checkout if it makes sense.