Investors mistakenly pump up NBFC stock trying to cash in on oxygen suppliers
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Stocks such as Linde India, Bhagwati Oxygen and National Oxygen have soared over the past two weeks.
Short supply of medical oxygen has sent investors running towards shares of companies that supply the scarce commodity.
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MUMBAI: As the nation wrestled to cope with the second wave of Covid-19 infections, short supply of medical oxygen has sent investors running towards shares of companies that supply the scarce commodity in hope of making stellar returns till the crisis lasts.
Stocks such as
Consortium acquires majority shareholding in Oxygen
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McGrath has entered into a transaction that will provide a financial services and technology investor consortium with a 55 per cent controlling interest in the Oxygen Home Loans business.
Real estate group McGrath Ltd has announced that it has entered into an agreement to provide a new financial services and technology investor consortium, Oxygen Investment Corp Pty Ltd, with a 55 per cent controlling interest in its broking business, Oxygen Home Loans (Oxygen).
Oxygen Investment Corp is headed up by equity specialist and former CEO of consumer finance and vehicle company Eclipx, Doc Klotz; the general manager of the Australian operations of peer-to-peer lender Harmoney, Ben Taylor; and asset finance and investment business Sturt Capital Partners. Both Mr Klotz and Mr Taylor worked together at financial services company Flexigroup for a number of years, where they were head of global operations and head