A special court has accepted a closure report filed by the CBI in an offshoot of the NSE co-location scam case involving a company founded by Mumbai’s former police commissioner Sanjay Pandey for auditing of two stock brokers, officials said Tuesday. In its final report, the central agency has said there were violations of SEBI … Read more
The National Stock Exchange (NSE) on Wednesday said it will introduce a lower price cap of 20 per cent below the issue price for SME initial public offerings (IPO) during the special pre-open session which will be effective on August 4. The move came after an earlier circular issued on July 4, 2024, wherein the … Read more
Private equity firm True North and Niva Bupa Health Insurance chief Krishnan Ramachandran divested a combined 10 per cent stake in the health insurer for Rs 1,507 crore through open market transactions. Mumbai-based True North, through its special purpose vehicle Fettle Tone LLP, sold a total of 17.29 crore shares or 9.46 per cent stake … Read more
A promoter of Gravita India on Friday divested a 3.4 per cent stake in the company for Rs 498 crore through an open market transaction. According to the bulk deal data available on the NSE, Rajat Agarwal offloaded 25 lakh shares, representing a 3.38 per cent stake in Gravita India. The shares were sold at … Read more
Mumbai: A change in the methodology to calculate the Price to Book (PB) ratio has led to this key valuation measure shrinking for the benchmark Nifty. The PB ratio of the Nifty on Friday dropped by nearly 20%from 4.31 on September 28 to 3.45 on September 29. Essentially, this has made Nifty’s valuations cheaper on … Read more