SoftBank sells Paytm shares for Rs 1,631 crore
As of September 30, SoftBank held a 17.45% stake in the fintech firm through SVF India Holdings (Cayman). Post-Thursday’s block deal, its stake has declined to 12.9%. The lock-in period for pre-initial public offering investors of Paytm ended on November 15.
Oiltanking deal to help Adani play bigger role
Indian Oiltanking was an equal joint venture between Indian Oil Corporation (IOCL) and Oiltanking GmbH, Germany, formed in 1996 to provide storage and logistics solutions for crude oil and petroleum products. On November 9, APSEZ, the flagship transportation arm of Adani group and India’s largest private ports and logistics company, bought Oiltanking’s 49.3% stake in […]
Caution on Street: An ‘overbought’ Nifty could give up recent gains
In comparison, about 63% of Nifty 200 stocks and nearly 57% of Nifty 500 are above their 200-day EMA, indicating lack of activity in the broader markets. Hence, the recent optimism in the market appears rather lopsided, experts said.
Sebi plans major changes to share buyback rules
The regulator had set up a sub-group under the chairmanship of Keki Mistry, vice chairman of HDFC, to propose changes to the process of buybacks from the open market – through the book-building process and stock exchanges – to make it more efficient and shareholder-friendly.
RBI may have bought $8 billion from market in less than a month
India’s foreign-exchange reserves, which declined about $100 billion since February this year, have begun climbing over the past few weeks. Reserves rose at their fastest pace in more than 14 months for the October 28 weekend. Indications are that after some contraction in the next seven days, they have risen again in the week to […]