State-run Telecommunications Consultants India Ltd (TCIL) is set to finalize the minimum pricing and terms for an offer-for-sale (OFS) to divest 5-10% of its remaining stake in Bharti Hexacom. The Union government, through TCIL, owns a 15% stake in Bharti Hexacom, in which Bharti Airtel, led by Sunil Mittal, holds 70%.
Kaynes shares plunge 43% from October peak. Is a tactical rebound on the cards or more pain ahead?
Kaynes has plunged 43.5% from its October peak, with Friday’s 12.5% drop marking the steepest single-day decline. Momentum indicators remain bearish, signaling a risk of