Cyient to sell 14.5% stake in arm Cyient DLM via block deal on Wednesday
Cyient’s board authorised the sale of a 14.50% stake in its subsidiary, Cyient DLM Limited, via a block deal expected to complete by August 21. The company held a 66.66% stake in Cyient DLM.
Nifty IT index rallies over 8% in last seven sessions. Analysts maintain bullish outlook
The Nifty IT Index experienced a remarkable 32% surge over the past year, fuelled by a robust first quarter. This strong performance was primarily driven by Tier-1 IT companies, which showed solid revenue growth, improved margins, and stable management outlooks, contributing to the sector’s outperformance.
Orient Technologies IPO: Grey market premium holds strong ahead of Wednesday launch
The IPO is priced between Rs 195-206 per share, and at the upper end of that range, shares are already trading at a 27% premium in the grey market. If this momentum continues, investors can anticipate significant gains when the stock lists.
Zerodha to stop sharing brokerage revenue for demat account opening through referrals
A recent NSE circular has disallowed sharing brokerage income for referrals to prevent trade inducement. Zerodha said it would pay out all referral wallet balances over Rs 10 and stop the referral program from August 25.
General Atlantic set to sell up to 5.1% stake in PNB Housing via open market on Wednesday
General Atlantic plans to sell a 5.1% stake in PNB Housing Finance through the open market on Wednesday at a floor price of Rs 775 per share, intending to raise Rs 1,033 crore. This transaction is set at a 4.4% discount to Tuesday’s closing price.
Antfin Singapore sells Zomato shares worth Rs 4,771 crore via block deals
Antfin Singapore Holding sold Zomato shares worth Rs 4,771 crore on Tuesday through two block deals. Over 18.54 crore shares were sold at a premium over the floor price. The final stock price closed at Rs 263.20 on the NSE.
GE T&D India promoters mulling minority stake sale
GE T&D India’s promoters, GE Grid Alliance B.V. and Grid Equipments Pvt. Ltd., announced a review of their shareholding structure, hinting at a possible minority stake sale but intending to retain majority control.
Improving box office collections, promising line-ups buoy PVR Inox stock
PVR Inox’s stock has gained 5% in the past three trading sessions following the success of Stree 2 and on account of factors such as strong line-up of films in the coming months and timely expansion of capacity in the southern region.
REIT investors earn over Rs 1,300 crore in Q1: Indian REITs Association
Indian Real Estate Investment Trusts (REITs) distributed more than Rs 1,371 crore among 2,45,000 unit holders in the first quarter of FY2025. Embassy Office Parks REIT was the largest distributor with Rs 530.8 crore. Collectively, since their inception five years ago, the four publicly listed REITs have disbursed over Rs 18,000 crore to unit holders.
India Inc promoters cash out Rs 1 lakh crore in 2024. Sign of stock market peaking?
In 2024, promoter sales exceeded Rs 1 lakh crore. Data from ETMarkets and Prime Database reveal that promoters of over 250 companies have sold stakes totaling approximately Rs 97,000 crore through bulk and block deals. Promoters of listed companies have also offloaded stakes through the OFS route which accounts for another Rs 7,300 crore.