Wipro promoter entities swap 1.72% stake worth Rs 4,675 crore
Around 18.05 crore Wipro shares, representing a 1.72 per cent stake, were transacted among promoter group entities via open market deals. Azim Premji Trust sold shares to Prazim Traders and Zash Trader at an average price of Rs 258.99 per share, amounting to Rs 4,674.77 crore. Following the transaction, Wipro’s shares experienced an increase, closing […]
Mirae Asset MF, BlackRock, others buy nearly 1% stake in AB Capital for Rs 568 cr
Mirae Asset MF, BlackRock, and Goldman Sachs, among others, on Wednesday bought nearly a 1 per cent stake in financial services company Aditya Birla Capital for Rs 568 crore through open market transactions.
Orkla India IPO: MTR Foods owner files DRHP with SEBI. Details here
Orkla India, known for brands like MTR, has filed for a full OFS IPO involving 2.28 crore shares. The company reported robust financial growth with strong margins and efficient operations, targeting India’s booming packaged food market.
Advait Energy block deal: Vijay Kedia buys stake worth Rs 17 crore in smallcap counter
Ace investor Vijay Kedia acquired 1 lakh shares in Advait Energy Transitions for ₹17.25 crore. The smallcap firm saw a 34% one-month gain and posted strong Q4FY25 results, with revenue rising 225% YoY and net profit up 58%.
IIM Ahmedabad employee fooled in Rs 50 lakh bogus SME IPO pitch via WhatsApp trading scam
An IIM-Ahmedabad manager was swindled out of nearly Rs 50 lakh in an elaborate online trading scam. Lured through a Facebook link to a WhatsApp group offering stock market tips, the victim invested in a bogus IPO scheme via a fraudulent mobile app.
JioBlackRock Investment Advisers gets Sebi nod to start advisory business
JioBlackRock Investment Advisers, the joint venture of Jio Financial and BlackRock, received Sebi and BSE approvals to operate as an investment adviser in India. The firm aims to offer tech-driven, personalized financial solutions for modern Indian investors.
Hindustan Zinc declares Rs 10 interim dividend. Check record date
The board’s announcement comes after a wave of investor optimism earlier in the week, with shares rising 4–6% ahead of the June 11 meeting, during which the dividend was approved.
Rare earth mining stock GMDC rallies 18% in 8 sessions amid fears of supply disruptions
Shares of Gujarat Mineral Development Corporation have increased almost 18% recently. The stock has consistently performed well over the last few trading sessions. GMDC shares reached a high of Rs 420.90 on the NSE. Investor interest in the stock is high on both the BSE and NSE.
Oil India shares rally 5% as Avendus sees stock doubling over 3 years
Oil India shares rose 5% after Avendus Spark gave a “buy” rating with a Rs 630 target, citing volume-led growth and strong earnings potential. The brokerage sees upside despite recent oil price corrections and highlighted ongoing capacity expansion and production visibility. Technicals show bullish momentum.
Sacheerome’s IPO sizzles as GMP leaps to show 40% listing pop; Final day subscriptions top 60x
Sacheerome’s IPO saw strong investor demand, with a GMP surge indicating a likely 40% premium listing. Subscribed over 60 times, the Rs 61.62 crore issue will fund a new plant. The company reported robust FY25 financials and plans expansion in the fragrance and flavour market.