Page 2 - Shares

Debt conversion plan: Vodafone Idea issues Rs 36,950 cr in equity to DIPAM

Vodafone Idea has issued and allotted 3,695 crore equity shares aggregating to Rs 36,950 crore to the Department of Investment and Public Asset Management (DIPAM), following the government's recent decision to convert the debt-laden telco's spectrum auction dues into equity. After the allotment, the shareholding of the government in the telco stands at 48.99 per cent in the expanded paid up capital base of the company. In a regulatory filing Vodafone Idea Ltd said the capital raising committee of Board of Directors of the company at its meeting on April 8, 2025, issued and allotted 3,695 crore equity shares of face value of Rs 10 each at an issue price of Rs 10 per equity share aggregating to Rs 36,950 crore to the Department of Investment and Public Asset Management, Government of India (acting through President of India). This follows the centre's decision to convert outstanding spectrum auction dues, including deferred dues repayable after the expiry of the moratorium period into

Trump’s tariffs drag Nifty, Sensex, US mkts down: What’s next? | Share Bazar news | Stocks

Indian benchmark indices, Sensex and Nifty have been trading lower. Sensex slipped over 700 points, and Nifty slid below 23,000. And it’s not just headline indices, the pain is across the board.

Sebi allows trading in Bharat Global Developers shares with conditions

With an aim to protect the interests of investors, markets regulator Sebi on Wednesday allowed trading in the shares of Bharat Global Developers Ltd (BGDL) with the condition to disclose key financial numbers including sales, purchases and profit for the financial year 2024-25 before April 15. Sebi, through an interim order in December, suspended trading in Bharat Global Developers for financial misrepresentation, misleading disclosures, price manipulation, and offloading shares at inflated prices. Additionally, it had put several restrictions on the company and its officials. In its confirmatory order on Wednesday, Sebi directed BGDL to disclose key financial numbers including sales, purchases, profit and net worth for the financial year 2024-25 to the exchange before April 15. Two days after such dissemination, trading in shares of BGDL can resume, Sebi said in its confirmatory order. The latest order came after several investors lodged complaints that their investments are stuck

Goldman Sachs acquires Samvardhana Motherson's shares worth Rs 87 cr

Goldman Sachs on Tuesday bought shares of auto components major Samvardhana Motherson International for Rs 87 crore through an open market transaction. American multinational Goldman Sachs through its arm -- Goldman Sachs (Singapore) Pte -- purchased 65.48 lakh shares of Samvardhana Motherson International, as per the block deal data on the BSE. The shares were picked up at an average price of Rs 132.7 apiece, taking the transaction value to Rs 86.90 crore. Meanwhile, Hong Kong-based asset management firm Kadensa Capital through its arm -- Kadensa Master Fund -- sold the same number of the shares at the same price. On Tuesday, shares of Samvardhana Motherson International fell 2.13 per cent to close at Rs 131.15 apiece on the BSE. Last month, Samvardhana Motherson International reported a consolidated net profit of Rs 879 crore for the third quarter ended December 31, 2024. The company reported a net profit of Rs 542 crore for the October-December quarter of the last fiscal. The

Coforge shares rise 8.4% on record deal, acquisition, stock split

The intraday rise, one of the highest for the mid-tier IT services company, came on a day when the broader BSE Information Technology index also rose 2 per cent

Record 2,509 stocks flash red in February 2025 as selloff continues

The number of stocks undergoing corrections this month is 23 per cent higher than the two-year average of 2,043

Food aggregator major Swiggy allots over 864K shares under ESOP scheme

With the share price of Swiggy closing at Rs 354.3 per share, the total value of the newly allocated shares would be around Rs 30 crore

Sebi bans LS Industries, promoter, 4 others from securities markets

Sebi on Tuesday restrained Himachal Pradesh-based LS Industries, its promoter Profound Finance and four others from the securities markets till further orders following allegations of fraudulent activities and stock price manipulation. The markets regulator also directed Jahangir Panikkaveettil Perumbarambathu (JPP), a Dubai-based NRI public shareholder, to impound unlawful gains of Rs 1.14 crore from the sale of shares as part of a prima facie fraudulent scheme, the order said. Suresh Goyal, Alka Sahni, Shashi Kant Sahni HUF and JPP were also prohibited from the securities market by Sebi till further orders. The regulator directed the entities to co-operate with Sebi's investigation by furnishing all relevant information. The matter pertains to LS Industries and its key associates were involved in artificially inflating the company's share price despite negligible revenue and financial instability. In an interim order passed on Tuesday, Sebi noted that LS Industries Ltd (LSIL), a

Plutus, Axana to buy another 26% in Nazara Technologies via open offer

With the transaction, the promoter holding of the company will change, with Sacheti and Plutus Wealth Management becoming the main promoters

Sold shares for personal reasons, said EaseMyTrip's Ex-CEO after resigning

Co-Founder of online travel-tech aggregator EaseMyTrip Nishant Pitti on Friday said he sold a "small portion" of the promoter shares held by him for "personal reasons", days after the company announced his resignation as CEO. In a social media post, Nishant, who was replaced by his brother and Co-Founder Rikant Pittie, after EaseMyTrip announced his appointment as the new CEO on January 1, reassured that the travel-tech platform is on a "strong growth path" and his move to sell a portion of the promoter shares does not reflect any lack of confidence in its future. "I recently sold a small portion of my promoter shares for personal reasons. I want to assure you this does not reflect any lack of confidence in EaseMyTrip's bright future. With a talented team and Rikant's visionary leadership, EaseMyTrip is on a strong growth path. To honor your trust, I have thoughtfully limited my share sale and confirm there will be no further sales from my side. "Thank you for your unwavering suppor

Trump transfers nearly $4 billion of Trump Media shares to revocable trust

Shares of Trump Media and Technology Group slid in midday trading Friday after President-elect Donald Trump transferred all of his shares into a revocable trust, according to a regulatory filing. Trump transferred all of his nearly 115 million shares worth around USD 4 billion on paper in the parent company of social networking site Truth Social as a bona fide gift to the Donald J. Trump Revocable Trust, the Securities and Exchange Commission filing on Thursday said. Trump's shares amount to more than half of the company's stock. It's not clear why Trump transferred the stock. Donald Trump Jr. is the sole trustee and has sole voting and investment power over all securities owned by the trust. Trump Media shares were down about 2 per cent at midday, to USD 34.68 each. At one point Friday, they were down around 6 per cent. Trump Media shares have been extremely volatile since the company began trading in March. They reached intraday highs close to USD 80 on the first day of trading

Nuvama Wealth buys OYO shares worth Rs 100 cr in secondary market

Nuvama Wealth and Investment Limited has acquired shares worth Rs 100 crore in OYO's parent firm Oravel Stays Limited at Rs 53 per share on behalf of its investors, a clutch of family offices, through a secondary market transaction, sources said. The share sale at Rs 53 apiece translates to a valuation of USD 4.6 billion for the travel tech unicorn. "These shares are being offered by OYO's early investors, presenting an opportunity for partial exits while potentially introducing new strategic investors to the company's cap table," a source told PTI. A cap table (or capitalization table) is a document, like a table, that details who has ownership in a company. It lists all the securities or the number of shares including stock, convertible notes, warrants, and equity ownership grants. According to sources, discussions are also at an advanced stage with other potential buyers, including Incred, who are exploring stake purchases in the hospitality major at prices ranging between Rs 53

October saw record investment in equity mutual funds: Here’s why

October saw a whopping investment of Rs 41, 887 crore into equity mutual funds, setting a new record even when stock markets were going through a rough patch.

Pantomath's Bharat Value Fund invests Rs 235 crore in Haldiram Bhujiawala

Haldiram Bhujiawala, which retails its products under the brand 'Prabhuji,' has been a prominent player in the snacks and savoury industry for six decades

Uber shares slump on muted bookings amid holidays in core US rides business

Despite setting a record, the firm struggled with currency exchange headwinds, which weighed on its rideshare business

360 One Wam launches 22.2 million new shares worth Rs 2,250 crore via QIP

The QIP will lead to dilution of 6.1 per cent of pre-issue outstanding equity capital

Tokyo exchange employee under probe for alleged insider trading: JPX

TBS said the relative used the information to make at least several hundreds of thousands of yen worth of profit from equity trading

Qatar Airways buys into Virgin Australia, raises stakes against Qantas

The stake sale also serves as a cornerstone investment ahead of an anticipated return of Virgin Australia into public ownership, the companies said

Qatar Airways buys into Virgin Australia, raises stakes against Qantas

The stake sale also serves as a cornerstone investment ahead of an anticipated return of Virgin Australia into public ownership, the companies said

Japan's incoming PM Ishiba calls election for Oct 27, aims to unify party

Ishiba began picking government and party officials who will contest the upcoming general election with him