Nikhil Kamath was looking to buy 3.5 per cent stake in the Rekha Jhunjhunwala-backed online gaming company. Kamath has already bought about 1 per cent stake in the company, as per a media report.
Lupin, Phillip Capital said, may report a profit of Rs 155 crore against a loss of Rs 6 crore last year. It sees revenue for Lupin to rise 8 per cent YoY to Rs 4,187 crore against Rs 3,883 crore YoY.
Market Movers: Cadila soars on Covid drug nod; 71 stocks give buy signals
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As many as 72 stocks listed on the National Stock Exchange gave buy signals based on MACD. Names include Motherson Sumi, Reliance Industries, PVR, Maruti Suzuki India, and Inox Leisure.
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For the day, Nifty50 ended 0.5 per cent, or 64.8 points, lower at 14,351.35, while Sensex closed at 47,878.45, down 202 points or 0.4 per cent.
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MUMBAI: Benchmark equity indices ended the day in red as investors booked profits towards the close of the session as they were reluctant to carry their positions to the next week in light of the uncertainty created by the second wave of COVID-19 pandemic.
NEW DELHI: Nazara Technologies, a mobile gaming company backed by ace investor Rakesh Jhunjhunwala, kick-started its IPO on Wednesday.
The IPO is an offer for share (OFS) of 5.29 million shares being sold in the price band of Rs 1,100-1,101, representing a 16.7 per cent stake in the company. Ahead of its IPO, the company allotted shares worth Rs 261 crore to 43 anchor investors at Rs 1,101 per piece.
At the upper limit of the price band, the issue would garner Rs 582.91 crore from investors.
Nazara Technologies is the only company in India to have rights over IP and assets across grassroots, regional, national and international e-sports. The company has market-first positions in India across sports simulation and e-sports. Its e-sports content business grew 60 per cent in FY20, and has expanded nine times in the last three years.