The acquisition includes 11,95,110 equity shares of NZIPL, representing 49% equity, and 30,00,000 equity shares of NZPPPL, representing 100% equity, from the Sarawagi Family and related HUFs, making Torrent Power the effective owner of both companies. Shares of Torrent Power…
The S&P 500 was virtually unchanged in morning trading. The Dow Jones Industrial Average was up 292 points, or 0.6%, as of 9:55 a.m. Eastern time, and the Nasdaq composite was 0.3% lower.
Swiggy shares are likely to be in focus on Wednesday after the company made two major after-market announcements on Tuesday, including the sale of its stake in Rapido.
Shares of Swiggy ended at ₹449.15 today on the BSE, largely unchanged. The stock has gained 28% in the last six months.
The offer size is pegged at ₹742.7 crore, with a floor price of ₹3,261.80 per share. This represents a discount of about 4% to Akzo Nobel’s last closing price. Shares of Akzo Nobel India Ltd ended at ₹3,399, up by ₹22.45…
Shares of Puravankara ended at ₹273.05 on the BSE, up 0.8% from the previous close. In the year-to-date period, the stock has declined nearly 28%.
Bajaj Electricals has approved a ₹146 crore deal to acquire the Morphy Richards brand in India and neighbouring markets, strengthening its premium home appliances portfolio built since 2002.
Zerodha Fund House has focused on direct plans and simple investment options, including index funds, ETFs, and the recently-launched multi-asset fund.
Karur Vysya Bank said the matter is not likely to have any material impact on its financial position or operations. Shares of Karur Vysya Bank Ltd ended at ₹214, up by ₹1.15 or 0.54%, on the BSE today, September 23.
JM Group entities JM Financial, JM Financial Services and JM Financial Products have settled with markets regulator Sebi a case of alleged irregularities in managing public issue of nonconvertible debentures (NCDs) of Piramal Enterprises after paying Rs 3.92 crore.