Aster DM, CDSL dip up to 7% after 10% equity changes hands via block deals
Shares of Aster DM Healthcare and Central Depository Services (India) (CDSL) slipped up to 7 per cent on the bourses in an otherwise firm market after huge block deals executed on these counters.
Shares of CDSL were down 7 per cent at Rs 1,675 on the National Stock Exchange (NSE) in intra-day trade after over 10 per cent equity of the company changed hands. Around 10.7 million equity shares representing 10.23 per cent of total equity of CDSL changed hands on the NSE till 09:17 am; the exchange data shows. Read
9:47 AM
Sanofi gains over 2% on inking distribution pact with Cipla for CNS products
Both companies announced on Tuesday an exclusive partnership to boost access to Sanofi’s Central Nervous System (CNS) medications across India.
Cipla will leverage its extensive network to distribute Sanofi’s CNS portfolio, including Frisium, a leading anti-epileptic drug. Sanofi will retain ownership, import, and manufacture of the CNS products.
9:44 AM
APL Apollo Tubes slips on acquiring 54% in KML
It completed the acquisition of 53.57 per cent share capital and voting rights in KML on March 26, 2024, making it a subsidiary.
9:42 AM
CDSL plunges 5% on likely exit by Standard Chartered via block deal
Standard Chartered Bank-corporate banking was likely to sell entire 7.18 per cent stake in CDSL for $151 million through a block deal, reported CNBC-TV18.
9:35 AM
RIL jumps 2% as Goldman Sachs raises target price on stock
Reliance Industries has a potential upside of as much as 54 per cent, according to brokerage firm Goldman Sachs’ bull case scenario estimates for financial year 2026.
Based on the bull case estimate, Goldman Sachs expects the share price to reach Rs 4,495 by financial year 2026, reported CNBC-TV18.
9:02 AM
Investors open wallets for equity mutual funds in choppy markets
Equity mutual fund (MF) schemes have raked in Rs 46,200 crore in net lump sum inflows in the past six months (ending February 2024), almost thrice the inflow in the previous six-month period. READ MORE
8:59 AM
Bharti Hexacom sets price band for Rs 4,275 cr IPO at Rs 542-570 per share
The company’s IPO is entirely an offer-for-sale (OFS) of 7.5 crore equity shares, indicating a 15 per cent stake by Telecommunications Consultants India Ltd, with no fresh issue component. READ MORE
8:56 AM
Sponsor contributions in mutual funds near the Rs 1 trillion mark
Sebi requires those running mutual funds to invest money in their own funds as part of having ‘skin-in-the-game’, or aligning their interests with investors. READ MORE
8:53 AM
IPO mop-up increases 20% to Rs 62,000 crore during FY24, shows data
Equity fundraising through initial public offers (IPOs) rose 20 per cent during the financial year 2023-24 (FY24). During the period, 76 Indian corporates raised Rs 61,915 crore through main board IPOs, compared to Rs 52,116 crore mobilised by 37 IPOs in 2022-23, as disclosed by Prime Database. READ MORE
