Business Standard

Future Capital hits 15-month high on heavy volumes

The name of the company has been changed from

Related News

Future Capital Holdings has soared 6% to Rs 184, extending its previous day’s 8% rally, on back of over three-fold jump in trading volumes.

The stock opened at Rs 174 and hit a 15-month high of Rs 191 on the BSE. A combined 975,330 shares have already changed hands on the counter so far against sub 300,000 shares that were traded daily in past two weeks.

In a filing to the stock exchanges the company said that, “the name of the company has been changed from "Future Capital Holdings Limited" to "Capital First Limited pursuant to the approval received from the registrar of companies, Mumbai, Maharashtra and from other regulatory authorities.”

Warburg Pincus, a leading US-based (PE) firm, has successfully raised its stake Future Capital Holdings to 68.40% post open offer. The PE firm acquired 24.43% stake in the company at Rs 162 per share through Cloverdell Investment, an affiliate of Warburg Pincus.

Read more on:   
|
|

Read More

BSE launches carbon index

Premier bourse BSE, in collaboration with the UK government, today launched BSE Carbonex, the first-of-its-kind index in India or any emerging market ...

Quick Links

Latest News

 

Market News

Zee Entertainment up 7% ahead of Nifty inclusion

Zee Entertainment will replace United Spirits in the 50-share Nifty from September 19.

Nifty above 8,100 mark; Hero Moto up over 5%

The market breadth in BSE remains firm with 2,141 shares advancing and 825 shares declining

Hero MotoCorp hits record high on Rs 1,600 crore capex plan

The company would set up an ultra-modern manufacturing facility with a capacity to produce 1.8 million units annually in Andhra Pradesh.

Snowman Logistics extends rally post listing

The stock is currently trading at Rs 90.15 on BSE, up 90% against its issue price of Rs 47.

Sensex up over 400 points powered by heavyweights

HDFC, L&T, ICICI Bank and RIL among the top gainers

Back to Top