From its 52-week low of Rs 26.4 touched on April 28 this year, the stock had leaped 237 per cent to a new 52-week high of Rs 89 on October 17, Tuesday
Sebi has granted open offer exemption to the promoters of Torrent Pharma and Torrent Power
The plan includes selling 3.5% of the company, with an option to sell an additional 3.5% if the offer is oversubscribed
The government will sell 96.67 million shares, or 2.46 per cent stake, in the company with an option to sell additional 2.46 per cent stake under offer for sale (OFS) route on Thursday and Friday.
The sale of the federal government's 4.92% in the state-run hydro power generation firm could earn it about 13.34 billion rupees ($160.81 million)
News agency Reuters reported the government will aim to sell up to 11 per cent stake in IRFC in multiple tranches, but it is yet to decide the exact quantum of sale
Since April, the share price of RNVL has more-than-doubled from a level of Rs 68.60 and to a record high of Rs 146.65 on Monday, July 24.
Consultation with the RBI is on to check how many technical bidders are 'fit and proper'. In the next stage, financial bids will be called and IDBI Bank will open up the virtual data room for bidders
In his early days, PM Modi had said that the government would get out of most sectors, a vision which was given credence through the new policy of 'strategic sectors' announced by Sitharaman in 2020
Promoters of Kalpataru Projects International Ltd (earlier known as Kalpataru Power Transmission) on Tuesday divested 6 per cent of their stake in the firm for Rs 468 crore through open market transactions. Parag Mofatraj Munot (promoter) and two promoter group entities -- Kalpataru Constructions Pvt Ltd and Kalpataru Viniyog LLP -- offloaded 96.34 lakh shares of Kalpataru Projects International Ltd (KPIL). According to the bulk deal data available with the BSE, Munot sold 73.24 lakh shares, Kalpataru Constructions disposed of 10 lakh shares and Kalpataru Viniyog offloaded 13.10 lakh shares, amounting to a 5.9 per cent stake in KPIL. The shares were disposed of in the range of Rs 485.06-485.75 apiece, taking the transaction value to around Rs 468 crore. Post this latest transaction, the combined shareholding of the promoter and promoter group entities has reduced to 41.31 per cent from 47.24 per cent (as per March 2023) equity in KPIL. On Tuesday, shares of KPIL jumped 3.09 per ce
The shipping major reported a 183.9 per cent jump in Q4FY23 net profit to Rs 359.83 crore when compared with Rs 126.74 crore in Q4FY22
Civil Aviation Secretary Rajiv Bansal called India's inability to manufacture commercial aircraft a "huge pain point"
The government will be offloading 3.5 per cent stake in HAL through an Offer for Sale at Rs 2,450 per share from March 23 - 24, 2023.
The Ministry of Corporate Affairs has approved the revised demerger plan of Shipping Corporation of India, wherein Rs 1,000 crore will be transferred to the non-core assets
The government, which owns 45.48% of IDBI Bank, is looking to divest a 30.48% stake in the lender
Have better underwriting, risk magt to manage high credit growth
U-turn on station development major cause behind botched FY23 monetisation
The latest development comes at a time when reports indicate that Maersk is planning to double its warehousing presence in India in the next one year
The total non-tax revenue target for the year is Rs 2.69 trillion, while that for disinvestment is Rs 65,000 crore
Aparajitha, a Human Resource compliance service firm from Madurai, Tamil Nadu, along with its affiliates would take over a 53 per cent stake in Simpliance from Quess Corp.