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

 

Market News

Market carries optimism into Samvat 2071

Sensex adds 63 points, Nifty closes above 8,000

Brisk gold jewellery sale seen this Diwali

Wait for a price fall seems to have ended for now, trade expects demand revival to continue for some months

Fund Pick: Franklin India

High growth companies' Fund delivering superior returns

NAFED to invite EoI for import of 25K tonnes potatoes

Potato prices have shown a rising trend during the recent weeks and the commodity is being retailed at Rs 35-40 per kg in the National Capital

Debt mutual funds see outflow of Rs 67,000 cr in Sept

In comparison, equity mutual fund schemes attracted a net amount of Rs 7,789 crore during the month

Back to Top