Goldman Sachs, Morgan Stanley and others buy stake in Rs 1,960 crore Lenskart block deal
ADIA-backed Platinum Jasmine A 2018 Trust sold a 2.3% stake in Lenskart through a Rs 1,960 crore block deal. The transaction attracted strong participation from mutual funds, insurers and foreign investors, reflecting continued confidence in the eyewear retailer’s growth prospects.
Sebi proposes common price-band mechanism for stocks listed on multiple exchanges
Sebi has proposed a new mechanism to harmonize stock price bands and pre-open auction prices across exchanges. This aims to address price divergences for stocks listed on multiple platforms, particularly when trading is limited on one exchange. The regulator seeks to improve price discovery and prevent distortions by standardizing how closing prices are used for […]
Block deal: Goldman Sachs picks stake in this smallcap stock that surged 50% in 6 months
GNG Electronics witnessed a Rs 175 crore block deal as promoter Vidhi Khandelwal sold shares to domestic mutual funds and foreign investors. Institutional interest comes amid optimism over the company’s leadership in the refurbished electronics market and strong growth prospects.
Good news for Indian mutual fund investors: SpaceX could join Nasdaq 100 after 15 trading days
SpaceX’s expected entry into the Nasdaq-100 could give Indian investors indirect exposure through Nasdaq-linked mutual funds. Jefferies says recent rule changes may allow faster index inclusion, potentially triggering passive fund buying. India currently has five Nasdaq-100 index schemes, though overseas investment limits have restricted fresh inflows into several global fund offerings.
Explained: How SpaceX’s $75 billion IPO could create opportunity for Inox India shareholders
As Elon Musk’s SpaceX heads for a blockbuster IPO, investors are turning their attention to INOX India, a cryogenic technology specialist with growing exposure to the global aerospace industry. The company’s recent US aerospace order and strong financial performance have fuelled optimism, sending its shares sharply higher
Asia’s currency fight moves offshore as central banks push back
Asian central banks are intensifying efforts to curb offshore forex speculation as external pressures like high oil prices and a strong dollar weaken regional currencies. Policymakers are increasing oversight of offshore derivatives and tightening trading limits to stabilize currencies like the rupiah, won, rupee, and peso, which have hit record lows.
Infosys, HCL Tech, other IT stocks tumble up to 3%. What’s spooking investors?
Indian IT stocks, led by Infosys, HCLTech and LTIMindtree, fell up to 3% as hotter-than-expected US inflation fuelled concerns over prolonged higher interest rates. The selloff was compounded by lingering worries about AI-driven disruption and its potential impact on future technology spending and demand from key US clients.
MTAR Tech shares crash 9% after 280% rally in a year. What’s spooking investors today?
MTAR Technologies shares fell sharply after its key client, Bloom Energy, saw its stock tumble in the US market following the suspension of a major data centre project. The facility was expected to be powered by 900 MW of Bloom Energy fuel cells alongside grid electricity. The selloff in MTAR comes despite the stock rallying […]
Zee Entertainment shares rise over 3% ahead of FIFA World Cup, Rs 2,300-crore fundraising plans
Zee Entertainment Enterprises’ shares rose after its board approved raising at least Rs 2,300 crore to fund strategic initiatives and bolster its balance sheet. The media company also secured exclusive rights for FIFA events until 2034, including the 2026 and 2030 World Cups, amidst a challenging March quarter financial performance.
SpaceX IPO: Know date, price, valuation, how to buy and other important details
SpaceX is preparing for a massive IPO. The rocket and satellite company plans to raise $75 billion at a $1.75 trillion valuation. Shares are expected to begin trading on Nasdaq on June 12. Investor demand is reportedly very high. Indian investors may need to use international platforms to buy shares after listing.