Among the others interested in the company, with a hotel property in Mumbai’s Powai, are large alternative asset funds such as Oaktree, Kotak Investment Advisors and asset reconstruction companies.
Muthoot Finance shares tumbled over 10% after the gold loan lender reported slower AUM growth and margin pressure in the June quarter. While brokerages flagged
Tata Motors CV rose sharply after the company reported a 37% year-on-year jump in July commercial vehicle sales. While Nomura remains cautious on near-term demand,
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