Five-Star Business Finance witnessed a notable surge in FII holdings, reaching an all-time high of 50.2% during the September quarter. FIIs held an 8.7% stake in the company during the preceding June quarter.
Remunerations paid to top bosses in corporate India are increasingly coming under scrutiny, just as the gap between salaries of workers and top bosses widens.
It appears that block deals are here to stay. According to Nuvama Alternative Research, between August 22 and December 31, a total of 37 companies are slated to have their pre-listing shareholder lock-ins, both for promoters and non-promoters, lifted. The promoters and non-promoters may look to book profits through block deals when the lock-ins end
The company recently entered into a joint venture with Nexxbase Marketing Private Limited, which operates Noise Brand. Singh expects Rs 1,000 crore revenue from the next fiscal