A Foreign Institutional Investor (FII) shareholder is likely to sell stake worth Rs 270 crore in Indus Towers tomorrow (May 21) via block deal, sources told CNBC Awaaz on May 20. The block deal is likely of 80 lakh shares for a deal size of Rs 270 crore. Indus Towers closed 1.11 percent higher at Rs 344.75 apiece on BSE on May 18 in special half-day trading session held.
Open FlipTata Motors on Monday said its passenger vehicles and passenger electric mobility subsidiaries have tied up with Bajaj Finance for providing supply chain finance solutions to their respective dealers.Tata Motors Passenger Vehicles (TMPV) and Tata Passenger Electric Mobility (TPEM), subsidiaries of Tata Motors, have joined hands with Bajaj Finance.
Open FlipThe Reserve Bank of India (RBI) is likely to transfer dividend worth Rs 85,000 crore to Rs 1 lakh crore to the government in FY25, on the back of expected higher interest income from foreign securities, economists said.The expected dividend transfer from the RBI will be for FY24, but will reflect in the government’s account for FY25.
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