Motilal Oswal arm buys ₹100 crore stake in Kusumgar

The subsidiary purchased 10.96 lakh compulsorily convertible preference shares and 16.44 lakh equity shares of the Mumbai-based textile company.

The subsidiary purchased 10.96 lakh compulsorily convertible preference shares and 16.44 lakh equity shares of the Mumbai-based textile company.

The investment involves 60 crore partly paid-up equity shares of face value ₹10 each, issued at par. Of this, ₹5 per share was paid on application, while the balance, ₹5 per share, will be payable on call. Shares of Waaree…

Between January 1 and September 24, 2025, the Sensex gained 3,577 points and the Nifty advanced 1,412 points, translating into a modest 5% return for the benchmark indices. but these 12 stocks gave outstanding returns of between 200% to 3,400%.…

The sellers in the transaction include promoter group members: Inder T. Jaisinghani, Ajay T. Jaisinghani, Ramesh T. Jaisinghani, Girdhari Thakurdas Jaisinghani, Bharat Jaisinghani, Nikhil Ramesh Jaisinghani, and Anil Hariram Hariani. Shares of Polycab India Ltd ended at ₹7,522.40, down by…

Polycab India promoters plan a ₹888 crore block deal, while Tata Steel invests ₹4,055 crore in its overseas arm TSHP. Piramal Enterprises gets NCLT nod to merge with Piramal Finance, and Lupin receives tentative US FDA approval for a generic…

The short-term trend remains negative, with Nifty sliding towards a crucial support zone near 24,900, analysts say.

Anand Piramal will become chairman of Piramal Finance following the merger, while Ajay Piramal will continue to chair the Piramal Group, which includes finance, pharma, realty and philanthropic arms. Vice Chairperson Swati Piramal will also retain her role.

Tata Steel has invested ₹4,054 crore into its wholly owned foreign subsidiary T Steel Holdings, acquiring over 457 crore shares, as its stock touched a fresh 52-week high this week.

Dalmia Bharat confirmed that the Enforcement Directorate has attached land worth ₹377 crore under PMLA in connection with a 2011 CBI case.

RCCPL, Birla Corp’s subsidiary, has been named the preferred bidder for the Kanpa-Junapani limestone block in Telangana with an 87.05% revenue-sharing offer. Shares of Birla Corporation ended lower on Wednesday (September 24) by 1.25% at ₹1,283 on the NSE.