Page 3 - Shareholding

Trell in final stages of selling stake in AppsForBharat in $8-9 mn deal

AppsForBharat is a spiritual content platform founded by Prashant Sachan, one of the co-founders of Trell, who left the social commerce company at the end of 2020

LIC shareholding in listed companies drops to lowest in over a decade

Total number of firms in which it owns over 1% has also fallen

Metlife to hike its stake in PNB Metlife to 47.32% in Rs 1,906 cr deal

Signs share purchase agreement with IGE (India) Pvt Ltd and Elpro International Ltd to acquire their combined holding of 15.27% in PNB MetLife India Insurance

Bajaj Auto, Pierer Industrie AG to rejig shareholding pattern in KTM

Bajaj Auto Ltd on Monday said it has reached an agreement its Austrian partner Pierer Industrie AG for simplifying their shareholding pattern in premium bike maker KTM

Ashish Kacholia's latest stock bet has rallied 148% in past 3 months

Kacholia held 153,402 equity shares, representing a 1.13 per cent stake in AWL at the end of Q1FY22

Jhunjhunwala trims stake in Titan, 2 others in Q4; buy Fortis Healthcare

During the March quarter of the financial year 2020-21 (Q4FY21), Rakesh Jhunjhunwala offloaded a 0.26 percentage point stake, or 2.25 million shares, in Titan Company

Cash-rich companies may step up payouts to shareholders: Analysts

Bajaj Auto will distribute up to 90 per cent of its annual profit as dividend

Shareholding of FPIs in listed companies at five-year high, shows data

The increase comes on the back of Rs 1.42 trillion foreign capital flows into domestic stocks during the October-December 2020 period

Tata Elxsi jumps 7% as FPIs hike stake in Q3; stock surges 177% in 6 months

In the past two quarters, FPIs have increased their stake in the company by 2.08 percentage points

GAIL gains 4%, hits 52-week high as board set to mull buyback on Jan 15

The government, which holds 52.1 per cent of GAIL, is likely to participate in the GAIL buyback

Sebi's timely move

Lower public shareholding norms should help large IPOs

Rakesh Jhunjhunwala rejigs portfolio in Q2; ups stake in Lupin, Tata Motors

The shareholding pattern disclosed by the Tata group automaker showed Rakesh Jhunjhunwala holding 40 million shares

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

Sebi may relax minimum public shareholding norms for firms under insolvency

The market regulator has proposed relaxing norms pertaining to 25 per cent minimum public shareholding for companies that undergo corporate insolvency resolution and seek relisting afterwards

Sebi relaxes 25% minimum public shareholding norms, deadline postponed

Experts said Sebi's relaxation would also benefit companies where promoter holding had increased beyond 75 per cent because of open offers or other acquisitions.

Covid-19 turbulence: FPIs turn risk averse, prune holdings in Indian firms

The trend comes on the back of a Rs 55,000-crore FPI sell-off during the March quarter

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

Takeover norms for unlisted firms may change playing field for shareholders

The provision should benefit minority shareholders as long as there is no compulsory acquisition of shares of the minority, say legal experts

Dividend payout ratio 75% for foreign-owned insurance intermediaries

In case the profit for the relevant period includes any extra-ordinary profits or income, the payout ratio shall be computed after excluding such extra-ordinary items

Firms with over 75% promoter shareholding number over 70

The Securities and Exchange Board of India requires listed companies to maintain no more than 75 per cent public shareholding