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Eureka Forbes promoter Advent International sells 10% stake in co; FPIs grab a pie, ET Retail

Lunolux Ltd, a firm owned by Advent, sold 1,93,47,924 shares of Eureka Forbes at Rs 506.06 apiece, block deals data on the BSE showed. The sale was at a marginal discount to the previous closing price of the stock. ....

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Kotak Equities initiates buy on Eureka Forbes, sees 20% uptick

The DCF-based fair value of the stock is Rs 670 which is valued at 55X 1-year P/FCF, Kotak said. ....

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