The deal is likely to be at a premium to the stock’s current market price (CMP), sources said, adding that the winning bidder will make an open offer to acquire another 26% stake.
Shares of PDS Ltd ended at ₹357.25, down by ₹0.95, or 0.27%, on the BSE.
State-run logistics company CONCOR reported an 8.9% rise in container volumes during the June quarter, helped by higher export-import and domestic cargo movement, signalling steady freight demand despite a softer March-quarter earnings performance.
Devang Mehta, Deputy Managing Director & CIO-Equity at Spark Capital Private Wealth, says banks and NBFCs are well placed to benefit from improving credit growth, a strengthening capex cycle and rising consumption. He expects BFSI to outperform as private banks…
Supreme Court upholds RBI’s scheme to merge PMC Bank with Unity Small Finance Bank, dismissing challenges to the reconstruction plan.
JBM Auto’s electric mobility arm, JBM Electric Vehicles, has partnered with commercial EV leasing platform Drivn to deploy 500 electric buses across India, aiming to lower upfront costs for fleet operators through an integrated leasing and lifecycle management model.
The Sensex gained 47 points to close at 77,616, while the Nifty added 4 points to settle at 24,211, holding above the 24,200 mark.
Vikas Khemani, Founder of Carnelian Asset Management and Advisors expects Manufacturing 2.0 to remain a long-term growth theme, discusses why India continues to offer broad-based investment opportunities, shares his positive view on Biocon, and explains why his firm invests only…
HG Infra Engineering has emerged as the lowest bidder for a ₹241 crore project to modernise Industrial Training Institutes (ITIs) in Rajasthan’s Bhiwadi cluster. The 10-year public-private partnership project aims to upgrade vocational training infrastructure under a central government scheme.
Sid Swaminathan, MD & CEO of JioBlackRock Asset Management discusses the fund’s 9-11% return target, lower drawdown strategy, Aladdin-powered risk management, the company’s ₹20,000 crore AUM milestone and upcoming exchange-traded fund (ETF) and GIFT City plans.