Page 2 - Promoter Holdings
Kirloskar Oil Engines' promoter entities sell 17.71% stake for Rs 825 cr
Kirloskar Oil Engines' promoter entities on Wednesday divested 17.71 per cent stake in the company for Rs 825 crore through open market transactions. The promoter and promoter group which offloaded the shares include Jyotsna Gautam Kulkarni, Ambar Gautam Kulkarni and Nihal Gautam Kulkarni. Nomura Trust and Banking Co. Ltd, Societe Generale, Sageone Investment Managers LLP, the Regents of the University of California, BNP Paribas Arbitrage, Max Life Insurance Company and DSP Mutual Fund, among others, were the buyers of the shares. According to the block deal data available with the National Stock Exchange (NSE), the promoter and promoter group sold a total of 2,56,22,987 shares, amounting to 17.71 per cent stake in the company. The shares were sold at an average price of Rs 322 each scrip, taking the total transaction value to Rs 825.06 crore. On Wednesday, shares of Kirloskar Oil Engines rallied 20 per cent to settle at Rs 390.05 apiece -- its 52-week high -- on the NSE.
 "Kirloskar Oil Engines' promoter entities sell 17.71% stake for Rs 825 cr")
RBI guidelines may prompt J&K Bank to dilute promoter shareholding
The union territory of Jammu & Kashmir has 64.5 per cent stake in J&K Bank while UT of Ladakh has about 4.5% stake
 "RBI guidelines may prompt J&K Bank to dilute promoter shareholding")
Singer India zooms 43% after promoter offloads 22% stake via block deals
Rare Investments, the investment arm of late Rakesh Jhunjhunwala acquired 4.25 million equity shares or 7.91 per cent stake in Singer India on Tuesday, showed block deal data
 "Singer India zooms 43% after promoter offloads 22% stake via block deals")
Metropolis tanks 27% in 1-mth on promoter stake sale buzz, latter clarifies
The promoters of Metropolis Healthcare on Monday after market hours clarified that they have no intention to exit the business.
 "Metropolis tanks 27% in 1-mth on promoter stake sale buzz, latter clarifies")
Promoters' loans, rising earnings help Adani cos to slash interest costs
Group plans to list infra SPVs to slash debt
 "Promoters' loans, rising earnings help Adani cos to slash interest costs")
IndiGo promoters call EGM on Dec 30 to amend share clauses
A removal of the clause will allow either side to sell or transfer shares to a third entity without giving each other notice
 "IndiGo promoters call EGM on Dec 30 to amend share clauses")
Proxy advisory firm InGovern raises related-party issues at Asian Paints
Company says the audit committee has a majority of independent directors, and the promoter director does not participate in the meeting during discussions on related-party transactions
 "Proxy advisory firm InGovern raises related-party issues at Asian Paints")
Adani Ports gains 10% in 2 days after promoter buys shares via open market
On June 17, 2021, Infinite Trade and Investment Ltd, the promoter group of the company, purchased 1.93 million shares, worth of Rs 126.81 crore of the company via the open market
 "Adani Ports gains 10% in 2 days after promoter buys shares via open market")
Improving outlook, low valuation drive Bajaj Consumer Care rally
Reduction in promoter pledge holding as well as interest from large HNIs in the stock have only added to the optimism
 "Improving outlook, low valuation drive Bajaj Consumer Care rally")
Promoter pledging declines to a two-year low of 11% in December
But value of pledged holding rises, buoyed by market rally
 "Promoter pledging declines to a two-year low of 11% in December")
This textile stock has rallied over 100% in 2 months as promoters up stake
Between November 19 and December 22, the promoters of Filatex India purchased 11.93 million equity shares worth Rs 41 crore
 "This textile stock has rallied over 100% in 2 months as promoters up stake")
Promoter pledging hits three-year high in August at 1.86% of market cap
Value of pledged shares soared 56% to Rs 2.77 trillion in August from Rs 1.78 trillion at the end of July
 "Promoter pledging hits three-year high in August at 1.86% of market cap")
Sebi's higher float proposal for IBC firms could run into hurdles
Several legal experts plan to highlight the challenges in implementing all three options recommended by the regulator
 "Sebi's higher float proposal for IBC firms could run into hurdles")
Promoter pledging spikes in firms belonging to debt-laden groups
The companies with high promoter pledging also saw a sharp fall in their share prices; market experts say companies with high pledging have seen sharp selling
 "Promoter pledging spikes in firms belonging to debt-laden groups")
Kotak Mahindra Bank promoters get RBI nod to cap voting rights, pare stake
Promoters' voting rights would stand curtailed to 20% until March, and reduce further to 15% from April
 "Kotak Mahindra Bank promoters get RBI nod to cap voting rights, pare stake")
New promoter norms may bring down the liability for some stakeholders
Clarity on existing definitions of ownership could also be under review, believe experts
 "New promoter norms may bring down the liability for some stakeholders")
Promoters may be told to simplify group structures, remove multiple layers
RBI likely to ask core investment firms to merge; Birla group takes the cue
 "Promoters may be told to simplify group structures, remove multiple layers")
Promoters of companies pledging at two-year low on market rally
In the December quarter, 132 listed firms reduced the percentage of pledged shares, with 12 bringing it down to zero
 "Promoters of companies pledging at two-year low on market rally")
