Ace investor Rekha Jhunjhunwala has raised her stakes in smallcap stock D B Realty by 57 basis points to 1.99% in the quarter ended September 30. She has also increased her equity in Fortis Healthcare while slashing it in Federal Bank. Jhunjhunwala held 1.42% in D B Realty at the end of the June quarter. … Read more
Shares of Tata Power, Nelco, Indian Hotels Company, Voltas, Tata Investment Corporation, Tata Chemicals, and Tata Steel will trade ex-dividend this month. With a market cap of Rs 1,413 crore, Nelco is a leading satellite communication (SatCom or VSAT) service provider in India. It will trade ex-dividend on Monday, June 6, with a final dividend … Read more
New Delhi/Mumbai: Tata Group backed Indian Hotels Company (IHCL) is set to launch a qualified institutional placement of Rs 2000 crore as the hotel chain braces for business expansion shrugging off the effects of the Covid-19 pandemic. Credit Suisse and ICICI Securities are helping the company raise money, said people familiar with the matter. IHCL … Read more