Big movers on D-Street: What should investors do with RBL Bank, Praj Industries and Five-Star Business?

Big movers on D-Street: What should investors do with RBL Bank, Praj Industries and Five-Star Business?

Benchmark indices closed at new lifetime peaks on Friday after the Reserve Bank raised the growth forecast for the current fiscal and kept policy rates unchanged. The 30-share Sensex rose 304 points to settle at 69,825. The broader index Nifty also climbed 68 points to reach a fresh record high of 20,969. Stocks that were … Read more

3 global funds sell 7.8% stake in Five-Star Business for Rs 1,656 crore via open market

3 global funds sell 7.8% stake in Five-Star Business for Rs 1,656 crore via open market

MUMBAI – Three global funds namely Peak XV Partners (formerly Sequoia Capital), TPG Asia and Matrix Partners have sold partial stakes in Five-Star Business Finance, aggregating up to Rs 1,656 crore through bulk deals on Friday. TPG Capital, through one of its affiliates TPG Asia Vii Sf Pte, sold 89,07,493 shares of Five-Star Business or … Read more