Page 3 - Open Market Operations

Authum Investment sells JSW Energy shares for Rs 552 cr via open market

Authum Investment & Infrastructure on Monday offloaded shares of JSW Energy for Rs 552 crore through an open market transaction. Authum is a BSE-listed and registered NBFC in the business of investment in shares and securities. According to the bulk deal data available with the BSE, Authum Investment & Infrastructure sold 1,60,00,000 shares, amounting to a 0.97 per cent stake in JSW Energy. The shares were disposed of at an average price of Rs 345 apiece, taking the transaction size to Rs 552 crore. Meanwhile, GQG Partners Emerging Markets Equity Fund acquired more than 1.19 crore shares of JSW Energy at the same price, taking the aggregate transaction value to Rs 411 crore. Details of the other buyers could not be ascertained. Shares of JSW Energy gained 1 per cent to close at Rs 345.10 apiece on the BSE. Last month, JSW Energy reported over 48 per cent decline in consolidated net profit to Rs 290 crore in the April-June quarter due to the one-time impact of non-operational ..

Govt to release buffer onion in open market to keep prices under check

The government on Friday announced it will release onion from its buffer stock in the targeted regions with immediate effect to ensure prices remain under check till the new crop arrives from October onwards. The government is exploring multiple options for disposal of onion: e-auction, e-commerce as well as through states at discounted rates via retail outlets of their consumer cooperatives and corporations, it said. The government has currently maintained 3 lakh tonnes of onion under the Price Stabilisation Fund (PSF) to meet any exigencies, if rates go up significantly during the lean supply season. As per the government data, onion prices have started inching up slightly as all-India retail price of the key kitchen staple was available at Rs 27.90 per kilogramme on August 10, higher by a little over Rs 2 per kg in the year-ago period. "We will release onion from the buffer stock immediately," Consumer Affairs Secretary Rohit Kumar Singh told PTI. The modalities for the disposa

India to offer 5 million tons wheat to bulk consumers to cool prices

The country has adequate stocks of wheat and rice which the government can release on the open market to stabilise prices, Food Secretary Sanjeev Chopra said

Promoter of Gravita India sells 4.6% stake for Rs 181 cr through open mkt

A promoter of Gravita India on Monday divested a 4.6 per cent stake through an open market transaction for Rs 181 crore. Rajat Agrawal (promoter) of Gravita India offloaded the shares. According to the block deal data available with the National Stock Exchange (NSE), Rajat Agrawal sold 32 lakh shares, amounting to a 4.6 per cent stake in Gravita India. The shares were disposed of at an average price of Rs 565 apiece, taking the transaction value to Rs 180.80 crore. The shares were picked up by affiliates of financial company Nomura Holdings. On Monday, shares of Gravita India rose 1.45 per cent to close at Rs 578.90 per piece on the NSE. During the day, the scrip hit a 52-week high of Rs 601 apiece.

Wheat prices likely to soften by Rs 4-6 per kg over the next few weeks

But won't near MSP, which could make next procurement tough, unless there's bonus

Dynasty Acquisition pares 2.14% stake in Shriram Finance for Rs 1,040 cr

The shares were sold at an average price of Rs 1,300 per piece, taking the transaction value to Rs 1,039.59 crore

General Atlantic Singapore sells 1.21 mn KIMS shares worth Rs 151 cr

General Atlantic Singapore on Monday offloaded 12.10 lakh shares of hospital chain Krishna Institute of Medical Sciences (KIMS) for over Rs 151 cr through an open market transaction. According to bulk deal data available with BSE, General Atlantic Singapore Kh Pte sold 12,10,000 shares, amounting to 1.5 per cent stake in the company. The shares were disposed of at an average price of Rs 1,250 apiece, taking the transaction size to Rs 151.25 crore. ICICI Prudential Life Insurance Company Ltd picked up the shares at the same price. As on June quarter, General Atlantic owned 17.24 per cent stake in the company, shareholding pattern with the exchange showed. In early September, General Atlantic Singapore had disposed of 16.60 lakh shares of the company. KIMS shares closed 0.51 per cent lower at Rs 1,218.60 on BSE. In a separate transaction, promoter entity of Advanced Enzyme Technologies Ltd offloaded shares of the company for over Rs 69 crore through an open market transaction. Ad

Story behind smooth sailing of govt borrowing

Will the dream run continue in the second half of the year too, spreading cheers to the treasury floors and adding to banks' profits?

CDC Group sells 3.56% stake in IIFL Finance for Rs 453 cr via open market

CDC Group Plc, the development finance institution owned by the UK government, on Friday divested a 3.56 per cent stake in IIFL Finance Ltd for Rs 453 crore through an open market transaction. According to the bulk deal data available with the National Stock Exchange (NSE), CDC Group Plc sold 1,35,01,587 shares of the company. The shares were disposed of at an average price of Rs 335.64 apiece, valuing the transaction at Rs 453.16 crore. Meanwhile, Morgan Stanley Asia Singapore Pte picked up the shares of the company. As of the June quarter, CDC Group plc, which is one of the public shareholders of IIFL Finance, owned 1.35 crore shares, amounting to a 3.56 per cent stake in the company, the shareholding pattern showed. Shares of IIFL Finance closed 5.62 per cent lower at Rs 331.50 on NSE.

PGIM India MF, ADIA sell Newgen Software shares worth Rs 45 crore

PGIM India Mutual Fund (PGIM MF) and Abu Dhabi Investment Authority (ADIA) sold a total of 12.20 lakh shares of the software company, as per bulk deal data available with the National Stock Exchange

Nalanda India Equity Fund buys Jyothy Labs shares worth Rs 96 crore

Nalanda India Equity Fund Ltd on Monday bought FMCG company Jyothy Laboratories' shares worth Rs 96 crore through an open market transaction. According to bulk deal data available with BSE, Nalanda India Equity Fund Ltd purchased 62,00,000 shares at an average price of Rs 154.98 apiece, taking the transaction size to Rs 96.08 crore. Meanwhile, Emblem FII sold 60,89,056 shares at an average price of Rs 155 per piece. The scrip of Jyothy Labs closed 4.40 per cent higher at Rs 151.75 on BSE. In a separate transaction, Authum Investment & Infrastructure Ltd offloaded 10 lakh shares of snack food company ADF Foods for Rs 70 crore via an open market transaction. According to bulk deal data available with BSE, Authum Investment & Infrastructure Ltd sold 10,00,000 shares of ADF Foods at an average price of Rs 700.07 per piece, aggregating to Rs 70 crore. Sixth Sense India Opportunities III picked up 9,20,000 shares at an average price of Rs 700.67 per scrip. The shares of ADF Foods ...

Burmans scale up holding to 20.07% in Eveready via open market purchases

A disclosure to the stock exchanges on Monday showed 88,683 shares translating to 0.12 per cent were bought on April 13 by Burman Group entities

Karakoram sells shares of Vijaya Diagnostic worth over Rs 332 crore

Karakoram Ltd on Monday offloaded shares of Vijaya Diagnostic Centre Ltd worth over Rs 332 crore through an open market transaction.

Bond yields cool off before Reserve Bank of India's monetary policy

RBI watchers call for a CRR hike to support OMOs

'Don't want to rock the boat': What MPC said after keeping rates unchanged

At the moment, G-SAP is not required but going forward, the G-SAP option, together with options of 'operation twist', and 'open market operations' are very much on the table.

Kayak Investments pares stake in Max Healthcare; sells 84.4 million shares

Kayak Investments Holding, one of the promoter entities of Max Healthcare Institute Ltd, on Wednesday sold 84.4 million shares of the company for Rs 2,956 crore through open market transactions

UBS Principal Capital Asia sells Axis Bank shares worth Rs 255 crore

UBS Principal Capital Asia Ltd on Friday sold Axis Bank's shares worth nearly Rs 255 crore through an open market transaction

UBS Principal Capital Asia sells IndusInd Bank's shares worth Rs 354 cr

UBS Principal Capital Asia Ltd on Thursday sold IndusInd Bank shares worth nearly Rs 354 crore through an open market transaction

AAVAS Financiers' promoters sell shares worth over Rs 751 crore

Two promoters of AAVAS Financiers Ltd on Friday offloaded shares worth over Rs 751 crore, through open market transactions

RBI to conduct Rs 20,000 crore open market bond purchase on July 8

The Reserve Bank of India (RBI) will conduct open market purchase of government bonds worth Rs 20,000 crore under the G-sec Acquisition Programme (G-SAP 2.0) on July 8