Shares

Plutus, Axana to buy another 26% in Nazara Technologies via open offer

With the transaction, the promoter holding of the company will change, with Sacheti and Plutus Wealth Management becoming the main promoters

Sold shares for personal reasons, said EaseMyTrip's Ex-CEO after resigning

Co-Founder of online travel-tech aggregator EaseMyTrip Nishant Pitti on Friday said he sold a "small portion" of the promoter shares held by him for "personal reasons", days after the company announced his resignation as CEO. In a social media post, Nishant, who was replaced by his brother and Co-Founder Rikant Pittie, after EaseMyTrip announced his appointment as the new CEO on January 1, reassured that the travel-tech platform is on a "strong growth path" and his move to sell a portion of the promoter shares does not reflect any lack of confidence in its future. "I recently sold a small portion of my promoter shares for personal reasons. I want to assure you this does not reflect any lack of confidence in EaseMyTrip's bright future. With a talented team and Rikant's visionary leadership, EaseMyTrip is on a strong growth path. To honor your trust, I have thoughtfully limited my share sale and confirm there will be no further sales from my side. "Thank you for your unwavering suppor

Trump transfers nearly $4 billion of Trump Media shares to revocable trust

Shares of Trump Media and Technology Group slid in midday trading Friday after President-elect Donald Trump transferred all of his shares into a revocable trust, according to a regulatory filing. Trump transferred all of his nearly 115 million shares worth around USD 4 billion on paper in the parent company of social networking site Truth Social as a bona fide gift to the Donald J. Trump Revocable Trust, the Securities and Exchange Commission filing on Thursday said. Trump's shares amount to more than half of the company's stock. It's not clear why Trump transferred the stock. Donald Trump Jr. is the sole trustee and has sole voting and investment power over all securities owned by the trust. Trump Media shares were down about 2 per cent at midday, to USD 34.68 each. At one point Friday, they were down around 6 per cent. Trump Media shares have been extremely volatile since the company began trading in March. They reached intraday highs close to USD 80 on the first day of trading

Nuvama Wealth buys OYO shares worth Rs 100 cr in secondary market

Nuvama Wealth and Investment Limited has acquired shares worth Rs 100 crore in OYO's parent firm Oravel Stays Limited at Rs 53 per share on behalf of its investors, a clutch of family offices, through a secondary market transaction, sources said. The share sale at Rs 53 apiece translates to a valuation of USD 4.6 billion for the travel tech unicorn. "These shares are being offered by OYO's early investors, presenting an opportunity for partial exits while potentially introducing new strategic investors to the company's cap table," a source told PTI. A cap table (or capitalization table) is a document, like a table, that details who has ownership in a company. It lists all the securities or the number of shares including stock, convertible notes, warrants, and equity ownership grants. According to sources, discussions are also at an advanced stage with other potential buyers, including Incred, who are exploring stake purchases in the hospitality major at prices ranging between Rs 53

October saw record investment in equity mutual funds: Here’s why

Pantomath's Bharat Value Fund invests Rs 235 crore in Haldiram Bhujiawala

Haldiram Bhujiawala, which retails its products under the brand 'Prabhuji,' has been a prominent player in the snacks and savoury industry for six decades

Uber shares slump on muted bookings amid holidays in core US rides business

Despite setting a record, the firm struggled with currency exchange headwinds, which weighed on its rideshare business

360 One Wam launches 22.2 million new shares worth Rs 2,250 crore via QIP

The QIP will lead to dilution of 6.1 per cent of pre-issue outstanding equity capital

Tokyo exchange employee under probe for alleged insider trading: JPX

TBS said the relative used the information to make at least several hundreds of thousands of yen worth of profit from equity trading

Qatar Airways buys into Virgin Australia, raises stakes against Qantas

The stake sale also serves as a cornerstone investment ahead of an anticipated return of Virgin Australia into public ownership, the companies said

Qatar Airways buys into Virgin Australia, raises stakes against Qantas

The stake sale also serves as a cornerstone investment ahead of an anticipated return of Virgin Australia into public ownership, the companies said

Japan's incoming PM Ishiba calls election for Oct 27, aims to unify party

Ishiba began picking government and party officials who will contest the upcoming general election with him

Warburg Pincus exits Cartrade Tech; sells 8.64% stake for Rs 375 crore

Highdell Investment, an entity owned by US-based private equity major Warburg Pincus, on Tuesday divested its entire 8.64 per cent stake in Cartrade Tech for a little over Rs 375 crore via an open market transaction. Cartrade Tech is one of India's largest online classifieds and auto auction platforms. According to the bulk deal data available on the NSE, Highdell Investment sold 40.76 lakh shares, amounting to an 8.64 per cent stake in Cartrade Tech. The shares were offloaded at an average price of Rs 920.30 apiece, taking the transaction value to Rs 375.16 crore. Meanwhile, Mirae Asset Mutual Fund purchased 30.22 lakh shares or a 6.4 per cent stake in Cartrade Tech in three tranches, the data showed on the National Stock Exchange (NSE). The shares were picked up at an average price of Rs 920 apiece, taking the aggregate deal value to Rs 278.02 crore. Details of the other buyers of Cartrade Tech's shares could not be identified on the bourse. In June, Warburg Pincus sold an 8.6

Temasek's arm cuts off 1.4% stake in Godrej Agrovet for over Rs 212 cr

V-Sciences Investments, an arm of Temasek Holdings, on Friday divested a 1.4 per cent stake in Godrej Agrovet for more than Rs 212 crore through an open market transaction. Temasek Holdings is a state-owned multinational investment firm in Singapore. As of March 31, 2024, the investment company held an SGD 389 billion of portfolio value. According to the bulk deal data available on the National Stock Exchange (NSE), V-Sciences Investments offloaded 27.10 lakh shares, or 1.41 per cent stake, in Godrej Agrovet. The shares were disposed of at an average price of Rs 785.13 apiece, taking the deal value to Rs 212.77 crore. After the stake sale, V-Sciences Investments' holding in Godrej Agrovet has declined to 6.36 per cent from 7.77 per cent. Details of buyers of Godrej Agrovet's shares could not be identified. In May 2022, Temasek trimmed its stake by selling 40 lakh shares of agri firm Godrej Agrovet for Rs 197 crore. Prior to that, the Singaporean global investment company in Febru

Berkshire Hathaway's Ajit Jain sells over half of his class A shares

Jain, one of Buffett's top lieutenants, disposed of 200 of the Class A shares for about $695,418 each, according to a regulatory filing Wednesday

Boeing's shares rise after tentative labour deal that could avert strike

The proposed four-year contract was hailed by the union as the best it had ever negotiated and was cheered by investors, however, it is far from a done deal

NIIF IFL to tap family offices to issue Rs 1,500 cr preference shares

Separately, NIIF IFL will also raise up to Rs 3,500 crore through non-convertible debentures to carry out refinancing operations

RIL's 1:1 bonus shares explained: Meaning, tax rules, and implications

What are bonus shares and how Reliance's latest announcement will impact investors

Hindustan Zinc dividend sweetens deal for offer for sale investors

Commodity major declares second interim dividend of Rs 19 a day after OFS concluded

Amazon's shares slide after AI spending plans disappoints investors

The company projected operating income for the current quarter ending in September will be $11.5 billion to $15 billion. Analysts, on average, were looking for $15.7 billion