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Does promoter selling Rs 470 crore worth shares in Kalpataru Power signal tough times ahead?
Usually, promoters selling a stake in a company is considered lack of confidence in the business and leads to selling in stock markets. However, investors have disregarded the sale, and continued to buy stock.
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Stocks in news: TCS, Tata Power, Adani Ports, M&M and more
Stocks in news: TCS, Tata Power, Adani Ports, M&M, Dr Reddy's Laboratories, Shriram City Union Finance, Kalpataru Power Transmission and more
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Kalpataru Power's Sweden arm completes acquisition of 15% stake in Linjemontage Grastrop; stock jumps ~1%
The estimated consideration for the 15% stake shall be approximately USD 11.5 million (approx. Rs91.13 crore).
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