comparemela.com

தேர்வு பங்கு தரகு News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Lodha Developers makes weak stock market debut as shares fall 5 8%

Shares of Macrotech Developers, also known as Lodha Developers, fell as much as 13 per cent on their stock market debut on Monday, before recouping half of the losses and settling at Rs 458, down Rs 28 or 5.8 per cent. It touched a low of Rs 423 and a high of Rs 478 on the NSE, where Rs 20,484 crore worth of shares changed hands. The poor listing comes amid weakness in the secondary market because of the rise in Covid-19 infections and lockdown measures imposed in key states. Since Lodha’s Rs 2,500-crore IPO closed on April 9, the Sensex has declined by 3.3 per cent. Also, the investor response to Lodha’s IPO was lukewarm with the issue garnering just 1.4 times subscription. The retail and employee portion of the issue had managed to garner just 40 per cent and 17 per cent subscription, respectively.

Stocks in news: JK Tyre, Muthoot Finance, Vodafone Idea, M&M Financial and more

Stocks in news: JK Tyre, Muthoot Finance, Vodafone Idea, M&M Financial and more
origin-businesstoday.intoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from origin-businesstoday.intoday.in Daily Mail and Mail on Sunday newspapers.

Choice Equity Broking in pact to acquire 100% stake in Escorts Securities Limited

Mumbai (Maharashtra) [India], April 9 (ANI/PRNewswire): Mumbai-based Choice Equity Broking Private Limited on Thursday has entered into an agreement to acquired 100 per cent stake in New Delhi based Escorts Securities Limited. The acquisition entails mainly the broking business and will be completed within the next six months, subject to necessary statutory approvals. The buyout shall bring in operational synergies and shall augment the profitability of Choice Equity Broking with its increasing clientele, said Kamal Poddar, managing director of the BSE-listed Choice International and the holding company of Choice Equity Broking. Without disclosing the consideration for the acquisition, Poddar said that Choice Equity Broking (https://choicebroking.in) ranked among the top 30 brokerage houses, will continue to explore inorganic growth through more such initiatives.

India: Choice Equity Broking in pact to buy 100% stake in Escorts Securities

India: Choice Equity Broking in pact to buy 100% stake in Escorts Securities
dealstreetasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dealstreetasia.com Daily Mail and Mail on Sunday newspapers.

Escorts to sell its entire 40 44% stake in Escorts Securities

Escorts along with other shareholders of Escorts Securities (ESL) have entered into a Share Purchase Agreement (SPA) with Choice Equity Broking (the Acquirer ) a wholly owned Subsidiary of Choice International, to sell and transfer their entire shareholding in ESL to the Acquirer, subject to obtaining all applicable regulatory approvals. Upon completion of the aforesaid transaction in terms of the SPA, Escorts will sell and transfer its entire 40.444% shareholding in ESL and ESL will cease to be subsidiary of the Company. Powered by Capital Market - Live News (This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

© 2025 Vimarsana

vimarsana © 2020. All Rights Reserved.