Harindarpal Singh Banga to sell 1.4% stake in Nykaa for Rs 809 crore

Harindarpal Singh Banga to sell 1.4% stake in Nykaa for Rs 809 crore

Mumbai: Businessman Harindarpal Singh Banga and wife Indra Banga are likely to sell a 1.4% stake worth Rs 809 crore on Friday through block deals. According to the term sheet issued by the bankers, the Bangas plan to sell 4.09 crore shares at a floor price of Rs 198 apiece, which represents a 5.9% discount … Read more

IPL-flavoured portfolio: Index fund for test match, stock baskets for T20 and ODI, says Abhishek Banerjee

IPL-flavoured portfolio: Index fund for test match, stock baskets for T20 and ODI, says Abhishek Banerjee

As the IPL season draws to a close, investors can’t help but draw analogies with cricket and Dalal Street. As part of a special series, we reached out to money managers to know how they pick their pinch hitters, whether they like specialists or all-rounders and their on-field strategies. Edited excerpts of a chat with … Read more