ICICI Prudential Asset Management Company has acquired a commercial tower in Mumbai's Santacruz for over Rs 315 crore from Kalpataru's subsidiary Ixora Properties. The tower has a carpet area of over 60,000 sq ft and will house the company's new head office. The deal is significant as it goes against the trend of leasing office space, with the company paying over Rs 18.90 crore as stamp duty.
Open FlipHindenburg Research revealed that Kotak Mahindra Bank and its founder Uday Kotak's brokerage firms created and oversaw an offshore fund structure used by an investor partner to short Adani Group stocks. The structure was used by the K-India Opportunities fund, but SEBI's 46-page show-cause notice to Hindenburg failed to mention Kotak's name, instead using the acronym "KMIL".
Open FlipThese three stocks were the top gainers on BSE in the pre-opening session today. 📌Genus Power Infrastructures Ltd, an S&P BSE company, surged 4.92 per cent to trade at Rs 340.35 apiece. 📌Usha Martin Ltd rallied 3.39 per cent to trade at Rs 414.95 apiece. 📌Zydus Wellness Ltd, an S&P BSE company, climbed 3.33 per cent to trade at Rs 1929.45 apiece.
Open Flip