PE firm TPG Asia on Thursday sold its entire stake in wire and cable manufacturer RR Kabel through block deals, according to exchange data. TPG Asia offloaded about 5% stake or just over 56 lakh shares at around Rs 1,701 apiece. This valued the deal at around Rs 958 crore. Marquee funds, including Edelweiss MF, … Read more
Sandip Sabharwal, asksandipsabharwal.com, says “the markets have corrected and people are correlating it to what might happen in the election. I do not think that is the right way to do it. I think markets fall under their own weight when they become overweight. So, the Indian market became overweight and is correcting a bit. … Read more
Shares of RR Kabel debuted on the NSE in Wednesday’s trade at Rs 1,180, a 14% premium over the IPO price of Rs 1,035 per share. Meanwhile, on BSE, the stock was listed at a 13.9% premium at Rs 1179. The company listed within two days of the IPO close, making it the fastest company … Read more
New Delhi: Wires and cables manufacturer R R Kabel, which concluded its Initial Public Offering (IPO) on Friday, is set to list on Wednesday – becoming the first company to debut on Dalal Street within two days of issue closing. While Ratnaveer Precision Engineering was the first company to list under the T+3 regime, RR … Read more