Oyo’s shareholder approval includes issuing Series G CCCPS shares, as per the scrutiniser’s report, to raise funds and increase authorized share capital.
Kotak Institutional Equities’ Sanjeev Prasad observes the Nifty 50 index is range bound. Valuations are expensive, but macroeconomics are decent. Earnings growth faces challenges from
Flipkart Investments Private Limited divested its 6% stake in Aditya Birla Fashion & Retail. The sale occurred in a bulk deal for Rs 582 crore.
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