Stocks to watch on Thursday, December 28, 2023: Azad Engineering to list today. National Aluminium and RBL Bank only two stocks in futures & options ban period on expiry day.
Deal for $2 bn is 'incorrect news, media speculation', says company in response to reports
Earlier, Bloomberg had reported that Zomato had made an offer to acquire Shiprocket
Stocks to watch on December 22, 2023: The BSE and NSE have approved the cancellation of 'A' ordinary shares (DVR) of Tata Motors
Zomato reported its first-ever profit of Rs 2 crore in Q1 FY24
Zomato had launched a multi-cart option in June which helps users to order from several restaurants at the same time
FORTUNE'S FAVOURED FEW: Sixty-eight companies blaze a trail, capturing 56% of India's market; PSUs take the lead
The stock performance of restaurant aggregator and food delivery platform Zomato could improve following the removal of the share sale overhang
Alipay's sister concern Antfin Singapore Holding held another 6.39 per cent stake in Zomato at the end of the September 2023 quarter
Japanese conglomerate Softbank on Friday divested a 1.1 per cent stake in online food delivery aggregator Zomato for Rs 1,128 crore through an open market transaction. Following the stake sale, shares of Zomato fell 1.27 per cent to close at Rs 120.15 apiece on the NSE. Invesco Mutual Fund (MF), Sundaram MF, Edelweiss MF, ICICI Prudential Life Insurance, Goldman Sachs (Singapore), Morgan Stanley Asia Singapore, Societe Generale, BNP Paribas Arbitrage, Copthall Mauritius Investment, and Citigroup Global Markets Investment, among others were the buyers of the Zomato's share. SVF Growth (Singapore) Pte, an affiliate of Softbank, offloaded 9,35,69,368 shares, amounting to a 1.08 per cent stake in Zomato, as per the block deal data available with the National Stock Exchange (NSE). The shares were sold at an average price of Rs 120.50 apiece, taking the combined deal size to Rs 1,127.51 crore. After the latest transaction, Softbank's shareholding has declined to 1.09 per cent from a 2.1
Stocks to Watch: The Securities Appellate Tribunal (SAT) has set aside the order by Sebi restricting IIFL Securities from taking new clients for two years
The price range for the transaction has been fixed at Rs 120-121 per share, said sources
This is the third time since August that SoftBank will offload its stake in Zomato, India's largest online food delivery service. It sold a similar stake in October
Sachin Bansal and Binny Bansal of Flipkart, Deepinder Goyal of Zomato among others in the list
Zomato's share loss could be attributable to decisions like the temporary suspension of its loyalty membership programme and the shutdown of operations in 225 cities
WhiteOak Capital Mutual Fund on Wednesday announced the launch of new fund offer (NFO) - Large & Mid Cap Fund, an open-ended equity scheme investing in both largecap and midcap stocks
Shares of Zomato have nearly doubled this year as the company started to turn a profit after going public in 2021, prompting some of its biggest investors to lock in gains on their investments
Closing Bell on Wednesday, November 29, 2023: Among sectors, the Nifty bank, Auto, Financial Services, IT, PSU bank, and Private Bank indices ended higher in the range of 1 per cent to 1.5 per cent
Online aggregator's operating metrics improved and loss reduced, says investor
The deal comes after Reuters reported on Tuesday that Alipay was planning to sell its 3.4% in Zomato through block deals on the Indian stock exchanges