Radhakishan Damani, through his entity Derive Trading, on Wednesday offloaded a partial stake in tobacco company VST Industries through bulk deals. According to exchange data, Damani sold about 2.62 lakh shares or about 1.7% stake in the company at Rs 4,102 apiece. This takes the transaction value to Rs 107 crore. According to the latest … Read more
Foreign promoters of Timken India are likely to sell 6.6% of stakes in the company through block deals on Tuesday, according to a term sheet issued by BofA Securities India. The term sheet indicates that the floor price has been set at Rs 3,550 per share, which is a 10.2% discount to Monday’s closing price … Read more
Shares of Mankind Pharma on Tuesday fell up to 3.2% to the day’s low of Rs 2,141.50 on BSE after PE investors likely sold 3.2% equity in the company or about 1.3 crore shares in block deals worth around Rs 2,700 crore. PE firm ChrysCapital’s affiliate entity Beige Ltd was reported to have issued a … Read more
Mumbai: The ITC stock could run up by another 10-15% in the near term after gaining 4.5% on Wednesday as the stake sale by British American Tobacco (BAT) in the tobacco-to-FMCG major has removed an overhang for the stock, said analysts. “Major uncertainties hovering around the stock are over, while business fundamentals are intact,” said … Read more
Mumbai: A host of top foreign institutions and domestic mutual funds, including the Government of Singapore, Capital Group, and ICICI Prudential Mutual Fund, bought shares of ITC in British American Tobacco’s 3.5% stake sale worth ₹17,485 crore in the open market on Wednesday. The shares were sold at ₹400.25 apiece. According to BSE block deals … 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
