Among block trades, Vodafone Group Plc subsidiaries raised about $1.8 billion by selling shares in India’s Indus Towers Ltd. in June, while British American Tobacco Plc. sold part of its stake in India’s ITC Ltd. for about $2 billion.
India’s central bank is expected to cut its key policy rate by 0.25% in December to support slowing economic growth. A Reuters poll shows a
Prestige Estates Projects reported a 77.4% YoY decline in net profit due to tax changes, while revenue rose 3%. Shares closed at Rs 1,606.5, with
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