Shares of Sanghi Industries were locked in the 5 per cent upper circuit at Rs 100.73 on the BSE on Wednesday after a Reuters report said that Ambuja Cements has reached a deal to acquire a majority stake in the company. The deal valuation is expected to be pegged at Rs 6,000 crore. A combined… Continue reading Sanghi Ind freezes at 5% upper circuit as Ambuja eyes buying majority stake
Tag: buying
Increase in public float to stoke a $685 million fire in passive buying
Six companies, including three from Adani Group, have seen a sharp increase in their public shareholding this year. This will lead to an increase in their weighting in various global indices, resulting in cumulative net buying of as much as $685 million (Rs 5,628 crore). Meanwhile, UPL and Havells India could see some selling… Continue reading Increase in public float to stoke a $685 million fire in passive buying
FPIs’ buying spree continues; invest Rs 45,365 cr in equities in July
Foreign portfolio investors (FPIs) continue with their buying spree in July with a net infusion of Rs 45,365 crore in Indian equity markets on stable macroeconomic fundamentals and steady earnings growth. However, it appears that the momentum of buying has slowed down and FPIs have turned sellers during the two trading days ahead… Continue reading FPIs’ buying spree continues; invest Rs 45,365 cr in equities in July