Page 10 - Shares

BharatPe to 'claw back' Ashneer's restricted shares, blocks vendors

BharatPe on Tuesday said it has initiated necessary action against a former founder to claw back his restricted shares following a governance review. In a statement, the firm said it will take all steps to enforce its right under the law. In January 2022, the board of BharatPe initiated the corporate governance review of the company. The company had appointed Alvarez & Marsal (A&M), a global professional services firm notable for its work in turnaround management and performance improvement, Shardul Amarchand Mangaldas & Co (SAM), India's leading law firm, to help the board and management with its governance review and PwC, a leading consulting entity, to determine wilful misconduct and gross negligence by a former founder. "After a detailed review of the above report over the last two months, the board of BharatPe has recommended several decisive measures that are being implemented," the statement said. These include a new code of conduct for senior management and ...

Campus Activewear stock soars 29% on debut, ends the day with 27% gains

The stock ended at Rs 371.7, with a gain of Rs 79.7 over the issue price of Rs 292 per share

Prudent Corporate Advisory Services fixes IPO price at Rs 595-630 per share

The three-day initial share-sale will open for public subscription on May 10 and the bidding for anchor investors will open on May 9, according to the company

Wipro shares decline nearly 3% after Q4 earnings announcement

IT company Wipro on Friday posted a 4 per cent increase in its consolidated profit to Rs 3,092.5 crore in the fourth quarter ended March 31, 2022, on account of continued demand for IT services

Mahindra Lifespace shares rally nearly 8% after earnings announcement

Its consolidated total income stood at Rs 408.2 crore in the last fiscal, against Rs 187.8 crore FY21, according to a regulatory filing

Couldn't articulate benefits of HDFC-HDFC Bank merger clearly: Keki Mistry

Says HDFC will have the benefit of distribution at all 6,500 branches of the bank. Today not all the branches of HDFC Bank source housing loans from HDFC

Patanjali-promoted Ruchi Soya crashes 14% ahead of listing of new shares

Market players said several HNIs who applied for the FPO dumped the shares taking advantage of the attractive spread

Tamara, Pace sell Barbeque Nation shares worth Rs 669 cr

Two entities -- Tamara and Pace -- on Wednesday offloaded shares of casual dining chain Barbeque Nation Hospitality for an estimated Rs 669 crore through open market transactions.

Power companies' shares attract investors on firm demand outlook

Shares of power distribution companies are in demand amid reports of rising electricity consumption in the country

ONGC OFS's retail portion subscribed 72%

Through the OFS, the government has divested 1.5 per cent stake in ONGC to raise Rs 3,000 crore.

Gateway Distriparks ends at Rs 75 on relisting, valuation at Rs 3,730 cr

The Street was expecting the stock to list above Rs 90-close to the adjusted price pre-amalgamation

Shankara Building MD offloads co's shares for over Rs 75 crore

Shankara Building Products Ltd's Managing Director Sukumar Srinivas on Monday offloaded over 10 lakh shares of the company for Rs 75 crore through an open market transaction. According to the block deal data on NSE, he sold 10 lakh shares at an average price of Rs 755 apiece. This took the total deal value to Rs 75.50 crore. Srinivas, a promoter of the company, held 1.25 crore shares or 55.05 per cent stake in the firm at the end of December 2021. Separately, APL Apollo Mart bought 10 lakh shares of Shankara Building at the same price. On NSE, shares of Shankara Building ended 10.09 per cent higher at Rs 823.50 apiece.

IDFC First Bank MD gifts 500,000 shares to kin of deceased colleague

IDFC First Bank MD and CEO V Vaidyanathan has gifted 5 lakh shares of the bank held by him to family members of a deceased colleague, as per a regulatory filing. Vaidyanathan had earlier too gifted his shares to staff members, including his trainer, househelp and driver, to help them purchase homes. "V Vaidyanathan, Managing Director & CEO, has gifted 5,00,000 equity shares of IDFC FIRST Bank held by him to certain family members of a deceased colleague who was closely known to him for a long time, towards backing their education and for their financial security," the bank said in a regulatory filing on Thursday.

Ruchi Soya spurts 20%, hits upper limit on Rs 4,300 crore FPO announcement

FPO is being launched to meet the 25% minimum public shareholding (MPS) norm. Promoter shareholding is currently 98.9%

Australian shares slide as Ukraine-Russia crisis escalates

Australian shares fell on Tuesday as tensions between Russia and the West grew after Moscow recognised two breakaway regions in eastern Ukraine namely Donetsk and Luhansk as independent.

Promoter pledging increases in Dec quarter amid a spike in volatility

The value of promoter pledged holdings stood at Rs 1.97 trillion, 0.81 per cent of the total market capitalisation of the BSE 500 index

Bank of Baroda subscribes to 99,000 shares of IDRCL

Public sector Bank of Baroda on Friday said it has subscribed to 99,000 shares of asset reconstruction company India Debt Resolution Company Ltd (IDRCL).

Mahindra Holidays to sell entire 10.76% stake in Nreach Online Services

Mahindra Holidays & Resorts India Ltd on Friday said it will sell its entire 10.76 per cent stake in Nreach Online Services Pvt Ltd for a consideration of Rs 29.31 crore to Gift Management Asia Pte Ltd. The company has entered into an agreement with Gift Management Asia for the sale of its entire investment consisting of 5,738 equity shares in Nreach Online Services, Mahindra Holidays & Resorts India said in a regulatory filing. The transaction is expected to be completed on or before July 31, 2022, it added. Nreach Online Services offers business software products to solve problems around employee rewards and recognition, channel sales incentives. Gift Management Asia Pte Ltd (Gift) is engaged in the business of loyalty programme management and development across the globe and serves the multi-faceted loyalty industry across three main functions, including loyalty issuance, exchange and payment, the filing said. "Gift to whom shares are agreed to be sold, does not belong to ..

Share futures jump, gold falls on hopes for diplomacy in Ukraine

US and European stock futures bounced back on Friday and selling pressure on Asian shares eased after the US Secretary of State agreed to a meeting with Russia's foreign minister, over Ukraine crisis.

Vedant Fashions IPO subscribed 21% on Day 2 of the offer

The retail portion of the issue was subscribed 31 per cent, while institutional and wealthy investor portions were subscribed 11 per cent and 9 per cent, respectively