Tilaknagar to raise Rs 2,296 crore via preferential issue for Imperial Blue buy

Tilaknagar to raise Rs 2,296 crore via preferential issue for Imperial Blue buy

Tilaknagar Industries said its board has approved a preferential issue of securities (equity shares and warrants) worth Rs 2,296 crore to fund its recent acquisition of Imperial Blue whiskey from Pernod Ricard. The issue price will be Rs382 per security and 44 investors are participating in this issue, including promoters and existing investors. On Tuesday, … Read more

Two D-Street veterans scrap this underperformer after 50% fall in a year!

Two D-Street veterans scrap this underperformer after 50% fall in a year!

The company delivers customised turnkey projects in the defence segment. It has partnered with some of the leading technology players around the world to indigenise advanced technologies in the defence and space sectors for the Indian market. Source link

When many people wait for market to correct, it doesn’t happen: Singhania

When many people wait for market to correct, it doesn’t happen: Singhania

MUMBAI: After a brief lull between March and May due to the second wave of the Covid-19, Indian equity markets are back near their lifetime highs. The Nifty50, the Nifty Midcap 100 and Nifty Smallcap 100 indices are all at or near their all-time high levels. With the headline index trading close to 23 times … Read more