UltraTech Cement and India Cements: UltraTech Cement’s Board approved the purchase of a 32.72% equity stake in India Cements from its promoters and their associates for ₹3,954 crore at ₹390 per share. This stake sale will trigger a mandatory open offer at ₹390/share, subject to regulatory approvals. The price offered […]
Stock Market update
Benchmarks and broader market indices on Friday largely recouped their losses from earlier this week, when the markets saw their steepest crash in four years spooked by a narrower mandate for the Bharatiya Janata Party and the National Democratic Alliance in the Lok Sabha election. Foreign investors bought cash shares […]
In May, the Indian stock exchanges were closed for two days. In observance of Maharashtra Day, both exchanges were closed on May 1. The BSE and NSE were also closed on May 20 in addition to May 1 due to the general elections, which included competing for all six Lok […]