Latest Updates Around The World
Manappuram Finance saw a bulk deal on Thursday, with existing investor Goldman Sachs selling over 65.27 lakh shares worth around Rs 190 crore. The shares were picked up by Morgan Stanley. In a separate transaction, CLSA sold 71.61 lakh shares in Sunteck Realty for Rs 269 crore, with Goldman Sachs and Morgan Stanley emerging as […]
Small-cap car retailer Landmark Cars saw an exit by Goldman Sachs and a share sale by Polar Capital Funds Plc on Thursday in separate bulk deals. Goldman Sachs sold nearly 13.75 lakh shares for around Rs 50 crore, while Polar Capital Funds sold 2.51 lakh shares valued at around Rs 9.3 crore. The sale of […]
Private sector lender RBL Bank on Saturday reported a massive 555% rise in its net profit to Rs 214 crore in the third quarter of FY26, compared to Rs 33 crore in the same quarter of the previous fiscal. On a quarterly basis, the lender reported a 20% increase in profitability.The lender earned interest income […]
Despite rising geopolitical tensions and continued uncertainty around global rates, market participants may be reading too much into the apparent weakness of major indices, said Rohit Srivastava, founder of Strike Money Analytics & Indiacharts. While the Nifty has fallen below recent record highs and Bank Nifty has retreated above the 60,000 mark, Srivastava believes the […]
Private sector lender RBL Bank said it has appointed Deepak Ruiya as interim Chief Financial Officer (CFO) with effect from Tuesday until the appointment of a new CFO. The bank has also appointed Jaideep Iyer, head of strategy, as its new executive director (ED) for three years, effective February 21, 2026, according to an exchange. […]
Market veteran Vijay Kedia said Friday that stock prices will eventually follow company fundamentals, pointing to the strong listing performance of Exato Technologies, an IPO pick from his portfolio that nearly doubled investor money in its debut.In a post on X, Kedia said that when fundamentals are strong, the market responds decisively. He highlighted that […]
Gaja Alternative Asset Management Ltd, which operates under the brand Gaja Capital, has filed updated draft documents with market regulator Sebi to raise a little over Rs 656 crore through an initial public offering (IPO).This IPO would mark the first public listing of a standalone Indian-origin private equity firm that manages alternative assets. According to […]
Mahindra & Mahindra (M&M) is likely to sell its entire 3.5% stake in RBL Bank through a block deal worth around $78 million (₹691 crore), marking a complete exit from the private lender.The sale is scheduled for Thursday, with Kotak Securities acting as the sole broker for the transaction, insiders said. The floor price for […]
Emirates NBD Bank (PJSC) has proposed to make an open offer of Rs 280 per share to acquire 26% stake in RBL Bank, the private bank informed exchanges. Shareholders can tender shares from December 12 to 26, subject to approval by Sebi. The total size of the open offer has been pegged at Rs 11,636 […]
