Tue, Oct 1, 2024 5:02 PM
BASF India buzzing for a fifth day, gains 20% since new corporate strategy
A Flip by Avya Verma
Southwest Airlines Co. shares are climbing after board member and billionaire co-founder of InterGlobe Aviation Ltd., Rakesh Gangwal, purchased about $107 million worth of the company’s stock, according to Securities and Exchange Commission filings on Thu. In a series of transactions disclosed over seven filings, Gangwal acquired 3.6 million of the carrier’s common shares for roughly $29 apiece.
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The Bangalore Metro Rail Corporation Limited (BMRCL) is set to initiate the process for acquiring properties for Namma Metro's Orange Line, linking JP Nagar 4th Phase to Kempapura. Under the first package of the project, 299 private properties have been identified for acquisition to facilitate the construction of an elevated corridor from JP Nagar 4th Phase to Mysuru Road.
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India has mandated that private companies issue securities in dematerialised form, increasing transparency and facilitating hassle-free transactions, but also allowing shares to be freely transferable, potentially posing a challenge for companies to track public shareholding and ensure compatibility with their vision.
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