Wed, Jan 15, 2025 10:34 AM
Aditya Birla Fashion and Retail board approves fundraising
A Flip by Swapnil Tiwari
Shares of automotive components maker Minda Corporation Ltd surged 5.5% on Wednesday, January 15, after the company announced that its board approved the acquisition of a 49% equity stake in Flash Electronics (India) Private Limited for ₹1,372 crore. The acquisition involves the purchase of 2,55,40,578 equity shares, valued at ₹537.18 per share, amounting to a total investment of ₹1,372 crore.
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After joining the 30-pack Sensex last December, food delivery giant Zomato might soon enter another major league: the NSE Nifty 50! And it’s not alone. Reliance Industries’ newly spun-off financial arm, Jio Financial Services, might also make its debut on this benchmark index!. The exclusion of BPCL and Britannia could lead to outflows of $212 million and $229 million.
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Ace investors Dolly Khanna and Mukul Agrawal booked profits in J Kumar Infraprojects during the December quarter, suggesting a bearish outlook on the stock amid market volatility. Khanna's stake is no longer disclosed, while Agrawal's stake decreased to 2.61% from 2.64%. The stock has gained 22% over the last year, despite the investors' bearish sentiment.
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