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Bulk deals | Smallcap World Fund offloads 2 46% stake in Dreamfolks Services, buys over Rs 75 crore shares in Aavas Financiers

Four entities sell shares of Spandana Sphoorty Financial for Rs 268 crore

Four entities sell shares of Spandana Sphoorty Financial for Rs 268 crore
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Burger King s stellar debut puts spotlight on QSR stks; Westlife soars 13%

Shares of companies engaged in the quick-service restaurant (QSR) business were in focus on Wednesday as the stock of recently listed Burger King India (BKIL) was locked in upper circuit of 20 per cent for the third straight day, following a stellar debut at the bourses on Monday. Shares of Westlife Development rallied as much as 13 per cent to Rs 476 on the BSE on the back of a six-fold jump in trading volumes. The stock was trading close to its 52-week high of Rs 500, touched on February 4, 2020. Westlife Development focuses on putting up and operating QSR in India through its subsidiary Hardcastle Restaurants Pvt. Ltd. The company operates a chain of McDonald s restaurants in west and south India, having a master franchisee relationship with McDonald s Corporation USA, through the latter s Indian subsidiary.

Burger King share hit 20% upper circuit again, up 233% from IPO issue price

Burger King share hit 20% upper circuit again, up 233% from IPO issue price Burger King shares made their debut on MondayPremium 1 min read Share Via Read Full Story Burger King shares were locked in 20% upper circuit for second straight day today with prices rising to ₹199.2 on BSE. After more than doubling as compared to its issue price on listing day on Monday, Burger King shares hit the 20% upper circuit limit on Tuesday After today s rise, Burger King shares are up about 233% as compared to its IPO issue price. The market cap of Burger India has now zoomed to ₹7,604 crore, moving past Westlife Development s market valuation of ₹6,800 crore.

India halts trading in Burger King as shares more than triple from IPO issue price

India halts trading in Burger King as shares more than triple from IPO issue price Photo: Javier Quiroga/ Unsplash Premium Burger King shares were locked in 20% upper circuit for second straight day today with prices rising to ₹199.2 on BSE. After more than doubling as compared to its issue price on listing day on Monday, Burger King shares hit the 20% upper circuit limit on Tuesday. Continue reading this story with a subscription to DealStreetAsia. Contact us for corporate subscriptions at subs@dealstreetasia.com. Sign up for our newsletter - The Daily Brief Opt out of receiving The Daily Brief in your inbox everyday

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