Dalmia Cement buys 2.3% stake in IEX; promoter acquires 1% shares in Elgi Rubber

Promoter and promoter group held 63.96 percent equity stake in Elgi Rubber as of June 2020, including 46.02 percent stake held by Varadaraj Sudarsan.

Dalmia Cement (Bharat) has acquired 2.33 percent equity stake in Indian Energy Exchange, the electronic system-based power trading platform, via open market transaction on September 16.

Dalmia Cement has bought 70 lakh shares in IEX at Rs 206.20 per share, the bulk deals data available on the BSE showed.

However, DPVL Ventures was the seller in a transaction, which offloaded the same shares at the same price.

Among other deals, promoter Varadaraj Sudarsan has purchased 4,75,345 equity shares in Elgi Rubber (representing 0.95 percent of paid-up equity) at Rs 16.68 per share on the National Stock Exchange (NSE). On the other hand, P Chandrasekaran sold 4,72,300 shares at the same price.

Promoter and promoter group held 63.96 percent equity stake in Elgi Rubber as of June 2020, including 46.02 percent stake held by Varadaraj Sudarsan.

Promoter entity Manaksia Steels has acquired 13,25,000 equity shares of group company Manaksia (representing 2.02 percent of total paid-up equity), raising its shareholding from 4.08 percent to 6.10 percent. Total promoter and promoter group's shareholding in Manaksia was 72.91 percent as of June 2020.

Comments

Ashoka Buildcon share price up 4% on bagging 2 NHAI projects

The share touched its 52-week high Rs 127.90 and 52-week low Rs 37.00 on 23 September, 2019 and 03 April, 2020, respectively. Ashoka Buildcon share price added over 4 percent in early trade on September 8 after the company emerged as the lowest bidder (L-1) for the two NHAI projects. The aggregate quoted value of the projects is Rs 1,390 crore. The company had submitted bids to National Highway Authority of India (NHAI) for the project of four laning of Arra h to Pararia section of NH-319(Old NH-30) in the State of Bihar under Bharatmala pariyojana Phase -1 on EPC Mode (Package-I) and Four laning of Pararia to Mohania section of NH-319(Old NH-30) in Bihar under Bharatmala Pariyojana Phase-I on EPC Mode (Package II). At 09:23 hrs Ashoka Buildcon was quoting at Rs 70.60, up Rs 2.40, or 3.52 percent on the BSE. The share touched its 52-week high Rs 127.90 and 52-week low Rs 37.00 on 23 September, 2019 and 03 April, 2020, respectively. Currently, it is trading 44.8 percen...

Reliance Jio Q3 results: Profit grows to Rs 3,489 crore; ARPU rises to Rs 151

The average revenue per user (ARPU) during the quarter came at Rs 151 per subscriber per month as against Rs 145 per subscriber per month in the September quarter. Reliance Jio, the telecommunications arm of Jio Platforms, on January 22 posted a net profit of Rs 3,489 crore for the quarter ended December 31, 2020. The profit was higher than the street expectations as analysts in a CNBC-TV18 poll had estimated the number at Rs 3,200 crore. Jio's net profit grew 15.5 percent QoQ as in the September quarter of FY21, its profit was Rs 3,020 crore. The average revenue per user (ARPU) during the quarter came at Rs 151 per subscriber per month as against Rs 145 per subscriber per month in the September quarter. A CNBC-TV18 poll had estimated ARPU at Rs 148.2. Revenue, including access revenues for the quarter, was Rs 22,858 crore ($3.1 billion), up 5.3 percent QoQ. A CNBC-TV18 poll had estimated revenue to the tune of Rs 18,165 crore. EBITDA for the quarter stood at Rs 8,483 crore ...

US investors' rights law firm announces probe against HDFC Bank

The investigation is reportedly resulting from allegations that HDFC Bank may have issued materially misleading business information to the investing public. American Law firm, Rosen Law, has announced an investigation of potential securities claims on behalf of shareholders of HDFC Bank. The firm is also preparing for a class action suit on behalf of bank’s shareholders. The investigation is reportedly resulting from allegations that HDFC Bank may have issued materially misleading business information to the investing public. Rosen Law, on its website, asked investors to provide their details if they have purchased HDFC Bank Limited securities and would like to receive information about the investigation concerning the class action to recover the investor losses in HDFC Bank Limited securities. “A representative of The Rosen Law Firm will contact you at no cost to you and provide you detailed information concerning the proposed class action to rec...

SD Solutions

Search This Blog