Mumbai: The decision by India’s capital markets watchdog to exempt foreign portfolio investors (FPI) from additional disclosure requirements will ease their compliance burden where majority assets held by them are based in the country. The Securities and Exchange Board of India (Sebi) has exempted overseas funds, having more than 50% of their India equity assets … Read more
The quarter gone by saw promoters of several companies offload shares in the open market, with atleast 28 of them seeing the holding fall by more than 100 basis points sequentially. Even after this selling, some of the stocks have managed to give double-digit returns in just two months. ETMarkets scanned through the quarterly shareholding … Read more
Mumbai: Two promoter entities of Adani Power Ltd sold shares worth more than ₹8,710 crore (over $1 billion) to US-based investment firm GQG Partners, its co-investors, and others on Wednesday in block deals. Worldwide Emerging Market Holding Ltd and Afro Asia Trade and Investments Ltd, the two promoter entities, together sold 312 million shares translating … Read more
Mumbai: The Securities and Exchange Board of India (Sebi) has relaxed the offer-for-sale (OFS) norms to allow non-promoter shareholders to sell their shares through this route. Brokers said the move will be beneficial for retail investors. At present, OFS can be used by promoter and non-promoter shareholders subject to certain conditions. Existing norms said non-promoter … Read more
In FY22, revenue from operations fell to ₹282.4 crore from ₹367 crore in FY20 amid the pandemic. In the same period, the company’s net profit fell to ₹16.6 crore from ₹31.3 crore. Synopsis Considering FY22 earnings, the company demands a price-earnings (P/E) multiple of 105. It has no listed peers. Given the size of its … Read more
Mumbai: Investors stuck with an underperforming scheme in the flexicap space eyeing an alternative could consider switching to the new fund offer (NFO) of WhiteOak Capital Flexicap Fund, given the credentials of the promoter and the management team. First-time investors, however, should stay with a balanced fund or scheme with a track record and wait … Read more
Mumbai: promoter Sameer Gehlaut is set to sell more than half of his holding in the company via a block deal, which will be valued at ₹1,443 crore early Thursday morning and reduce his stake below 10%, a term sheet issued by Jefferies India showed, and confirmed by two people familiar with the deal. The … Read more
Mumbai: Paytm promoter One97 Communications’ ₹18,300-crore initial public offering is set to open for subscription on Monday. While analysts are divided about the stock‘s longer-term prospects, some of them recommend subscribing to the IPO only for listing gains. The IPO comprises fresh issuance of shares worth ₹8,300 crore and an offer for sale of ₹10,000 … Read more
A few brokers said promoters of some small companies were raising funds by pledging shares to invest in the stock market. Synopsis Shares pledged by promoters of companies listed on the National Stock Exchange increased to 1.53% of the total market capitalisation of all the companies listed on the exchange from 1.51% in April, according … Read more