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.”

, 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

 

Market News

India's dependence on imported edible oil to hit new record

Import bill to rise 5%, over 65% of 19.4 million tonnes supplies to be met through imports, robust directconsumption of seed to lower ...

Jaggery prices shoot up, in line with those of sugar

Farmers have shifted a large amount of high-quality cane (about 10%) to jaggery units so that these fetch 5-10% premium over the standard price ...

Cotton exports hit as China shifts policy

Raw cotton export may fall 20% in the next crop year as against 6% this year; rise in finished yarn exports adds to woes

Sugar exports: Industry restive over delays in subsidy revision

For February-March, the rate decided was Rs 3,300 a tonne; that for April-May was to be announced in the last week of March

Sugar output down 4%, says Isma

Indian mills had produced 1.54 mt raw sugar by the end of March and of that 850,000 tonnes was exported

Back to Top