Promoters’ stake in UPL crosses 30%, first in 5 years
Two promoter entities, Harmonic Ventures and Suresight Ventures, bought nearly 6.7 million shares from the open market, trading data on promoters and insiders showed. Promoter holding in UPL has increased from 27.96% in September 2021 to 30.74% as of December 2022.
NARCL submits highest Rs 5,555-cr offer for Srei cos
On Wednesday, the resolution applicants submitted a resolution plan to the administrator, giving details about the upfront and deferred payments, employee payments, trade creditors and other conditions.
Indices lose over 1% before Fed minutes
“There is a lot of discomfort about market valuations at current levels, while foreign investors are also not bullish,” said Siddarth Bhamre, head-research, Religare Broking. “It may not be a good idea to make aggressive purchases at current levels.”