The floor price for the Cipla share sale has been set at Rs 1,442 per share, reflecting a 6 per cent discount to the current market price
Transaction is expected to be completed over next three months
India, analysts said, remains in a relatively better position amid strong fundamentals. Though valuations remain a concern, investors can use markets correction to buy quality stocks for the long-term
Kingdon informed KMIL that the transactions were made on a principal basis, i.e. for themselves, said the bank in a stock exchange filing
The stakes were acquired through a combination of fresh growth capital and share purchase
This acquisition will make Matrix the second-largest Indian active pharmaceutical ingredients (API) player with global leadership in antiretroviral (ARV) APIs
The fund would look for such opportunities across market capitalisation
Here's how leading foreign and domestic brokerages have interpreted the Lok Sabha 2024 election-related developments thus far, their poll outcome scenarios and market strategy
NFOs provide investors with the opportunity to invest in a fund from its inception, offering benefits such as low initial investment, unique investment themes, and potential for future growth
Gupta highlights that Indian markets are currently displaying signs of being relatively expensive, cautioning investors, particularly in the smallcap space
Sonata is operating in 10 states through 549 branches and has an Asset Under Management (AUM) of approximately Rs. 2,620 crore as of December 31, 2023, the exchange notification said
Kotak Mahindra Bank had announced the reorganisation of its senior management team last month
One takeaway from last year is that most IPOs returned money to the investors, S Ramesh, Managing Director and CEO, Kotak Investment Banking, said
The third quarter of the financial year typically witnesses higher sales since it coincides with the festival season
The brokerage said several factors in the next few months would set the tone for the global and Indian markets in the first half of next year
Navigating second-quarter mile: Pledged holdings take a hairpin turn to 1.22%
Say I-T demand for shortfall in taxes for the prior period, along with applicable penalties, is likely
Margin improvement anticipated in Q2FY24 results amid lower costs
To scrutinise rationale for recast, structural details, plans for each unit
Economic optimism also propels small, midcap indices to new highs