The housing financing arm of Shriram Financing Ltd. was sold to Warburg Pincus on Wednesday, December 11th, for ₹3,929 crore. The lead firm of the Shriram group sold all of its 84.44 per cent stake on a fully diluted basis. After the sale of the stake was completed, Shriram Housing Finance was no longer part…
The shares of Godawari Power have given returns of 69.7% in the last year and 51.2% in the current year so far, according to the BSE analytics. “We would like to inform you Our Company has entered into an agreement with GAIL (India) Limited (GAIL) and exchanged the document at Raipur on 10.12.2024 for the…
The Offer for Sale (OFS) component of the Initial Public Offer (IPO) for Greaves Electric Mobility (GEML), the company’s electric vehicle division, was approved by the board of directors on Wednesday, December 11, causing Greaves Cotton shares to drop 2.2% to their day’s low of Rs 248.20 on the BSE. Although the OFS approval has…
Tuesday, December 10, saw the ITI share price surge nearly 10% to reach a new all-time high of ₹404 on the NSE, continuing to see strong buying demand for the third straight session. The ITI share price began at ₹385, up 9.8% from its previous close of ₹368.10, and reached a record high of ₹404….
CLSA, a global brokerage firm, is the most recent analyst to express optimism about Swiggy, the massive food delivery company. With a target price of ₹708, the company has initiated an “outperform” rating on Swiggy’s shares, indicating a potential upside of around 32%. The food delivery to fast commerce shares increased by 5.6% to reach…
After the Reserve Bank of India (RBI) responded to Tata Sons’ plea for an exemption from an initial public offering (IPO), the share price of Tata Chemicals increased by more than 2% on Tuesday. The price of Tata Chemicals’ shares on the BSE surged by as much as 2.5 per cent to ₹1,134.00 per share….
On Tuesday, December 10, the Board of Directors of Indraprastha Gas Ltd (IGL), a prominent city gas distributor (CGD), will convene to discuss issuing bonus shares. A regulatory filing states that, with shareholder approval, the business will determine the bonus share ratio and other pertinent information. The price of IGL’s shares was up 1.56% at…
The Nasdaq beat its peers in Tuesday’s mixed US stock market, driven by soaring megacap technology giants. Market players are anticipating Wednesday’s publication of important consumer inflation data. It might have an impact on this month’s next interest rate decision by the US Federal Reserve. December 17–18 is the date of the Fed meeting. At…
After the state-run insurance behemoth Life Insurance Corporation of India (LIC) increased its ownership holding in Asian Paints, the company’s share price increased by more than one per cent on Wednesday. On the BSE, Asian Paints’ stock increased by up to 1.59% to ₹2,427.80 a share. Through open market purchases, LIC reported raising its stake…
After NTPC Renewable Energy Limited (REL), a subsidiary of NTPC Green Energy Limited (NGEL), won a sizable contract in an e-reverse auction held by the Solar Energy Corporation of India (SECI), shares of NGEL surged on Wednesday, December 11. The price of NGEL’s shares increased by as much as 5.21% to 154.30 on the BSE,…