Yesterday, on August 21, it was reported that the promoter of Alkem Laboratories Ltd plans to sell a 0.7% stake in the company through block deals which involves offloading 8.5 lakh shares at a price of Rs.5,616 each. This price is set at around 4% discount to the current market price of Rs.5,780 per share. …
On August 21, 2024, Pharmazz, Inc. announced that it would receive $15 million in equity from Sun Pharmaceutical Industries Limited, a new investor. An agreement has been made between the company and Sun Pharmaceutical Industries Limited. Sun Pharmaceutical Industries Limited intends to invest $15 million in two installments. Extension of the exclusive license contract between …
Shares of Aarti Drugs touched an 11-month high on Thursday, surging in double digits after the company announced that its board would meet on August 26 to consider a buyback of its equity shares, which carry a face value of Rs 10. This upcoming buyback will mark the sixth such instance in the company’s history. …
Shares of PNB Housing Finance witnessed a significant decline of over 3% on August 22, 2024, following a substantial block deal valued at approximately Rs 715.60 crore. This transaction saw around 81 lakh shares, representing a 3.2% stake in the lender, change hands at a floor price of Rs 873 per share. The deal is …
Introduction Eris Lifesciences, one of the prominent players in the Indian pharmaceutical sector, recently witnessed a significant movement in its stock, touching a fresh all-time high of Rs 1,252.40 on the National Stock Exchange (NSE). This surge in share price comes on the back of a substantial block deal that saw 7.27% of the company’s …
India Grid Trust, the country’s first listed power sector infrastructure investment trust (InvIT), is set to witness a huge stake sale this week. The sponsor, Esoteric II Pte., an affiliate of U.S. private equity firm KKR, plans to divest up to 17.32% of its holdings through an Offer For Sale (OFS) scheduled for August 22-23, …
In order to encourage sustainable development and lessen the nation’s reliance on fossil fuels, IREDA is essential. IREDA supports India’s efforts to tackle climate change and speeds up the adoption of clean energy technologies by giving financial support to renewable energy projects. Enhancing resource efficiency and lowering greenhouse gas emissions is another benefit of IREDA’s …
At the close of the trading session on August 21, 2024, the Nifty 50 and Sensex were up by 0.29% and 0.13% closing at 24,770 and 80,905, respectively. Top Gainers and Losers Regarding sectors, Nifty Consumer Durables, Nifty FMCG, Nifty Media, and Nifty Pharma saw gains. On the other hand, Nifty Realty, Nifty PSU Bank, …
On August 20, 2024, Updater Services Limited (UDS) announced via a stock exchange filing that it had increased its investment in Denave India Private Limited, a material subsidiary, by raising its ownership from 67.27% to 89.57%. This was achieved by acquiring 37,48,614 equity shares from Denave’s promoters and other shareholders. Additionally, Matrix Business Services India …
Penny stocks—shares of small companies trading between less than ₹10 per share—have long been a magnet for adventurous investors seeking high returns. The low prices and potential for explosive growth for these shares can be appealing, but they come with a unique set of risks and challenges. In this blog, we will delve into the …
