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Rane Brake share buy-back completed

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Rane Brake Lining Ltd. (RBL) promoters’ shareholding has increased to 68.60% from 66.99% following the buy-back of 1.85 lakh equity shares from shareholders through open market mechanism at an average price of ₹740 per share. It cost the company about ₹13.71 crore (excluding transaction costs).
It was during October 2020 that RBL made a public announcement to buy back shares from the shareholders/beneficial owners (other than promoters and promoter s group), at ₹825 per share. It had set aside ₹22 crore. The buy back programme commenced on October 27 and ended on April 26. After the buy back, the total number of equity shares stands reduced to 77.30 lakh from 79.15 lakh, it said in a regulatory filing. ....

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market outlook: Ahead of Market: 12 things that will decide stock action on Wednesday

US stocks tread water after record rally
Wall Street s main indexes treaded water on Tuesday as investors stayed on the sidelines a day after the S&P 500 and the Dow closed at record highs on renewed recovery hopes. The Dow Jones Industrial Average was down 16.38 points, or 0.05%, at 33,510.81, the S&P 500 gained 3.40 points, or 0.08%, at 4,081.31. The Nasdaq Composite rose 14.35 points, or 0.10%, at 13,719.94.
Europe s STOXX 600 hits record high
Europe s benchmark equity index hit a record high on Tuesday, recovering all of its pandemic-driven losses as investors bet on a speedy global economic recovery, spurred by bumper stimulus spending and COVID-19 vaccination programmes. European traders returned from a long weekend to push the STOXX 600 up 0.73% to 435.36 points. It has climbed more than 60% from last year s lows and surpassed its previous all-time high of 433.90 points in February 2020. ....

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Market rises for 3rd day, Nifty reclaims 15K mark; RIL climbs 3.8%

Market rises for 3rd day, Nifty reclaims 15K mark; RIL climbs 3.8%
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

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Nifty settles near 15,100; RIL jumps 4%

Nifty settles near 15,100; RIL jumps 4%
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

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ICRA reaffirms ratings for Rs. 165.32 crore bank lines of Rane Brake Lining Limited

ICRA reaffirms ratings for Rs. 165.32 crore bank lines of Rane Brake Lining Limited
equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.

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