One 97 Communications Limited (OCL), the company behind Paytm, India’s leading payments and financial services platform, has announced the sale of its entertainment ticketing business to Zomato Limited. This business includes movie, sports, and live event ticketing and has been sold for ₹2,048 crore on a cash-free, debt-free basis. The deal highlights the significant value …
On August 21, 2024, BEML Ltd, India’s top rolling stock manufacturer, signed a MoU (Memorandum of Understanding) with SMH Rail, Malaysia’s largest rolling stock producer. This significant agreement was made official at an event in Delhi, attended by Malaysia’s Minister of International Trade and Industry, Tengku Zafrul B Tengku Abdul Aziz. This partnership represents a …
On August 21, 2024, Procter & Gamble Health Limited shared its financial results for the quarter and fiscal year ending June 30, 2024. In the fourth quarter, Procter & Gamble Health Limited reported sales of ₹277 crores, a 5% decline compared to the last year, primarily due to changes in their market approach. The profit …
Internet trading has rapidly become the default trading platform for most Indian investors. With the spread of smart phones, internet-enabled bank accounts and more robust online trading systems, we expect the trend towards internet trading to become more pronounced in the months and years to come. Internet trading offers you simplicity, convenience and transparency. You …
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, …
