HDFC Asset Management Company share price declined 4.7 percent intraday on December 5 after the company said it will use a greenshoe option for sale of additional 0.86 percent stake via offer for sale (OFS).The two-day offer for sale issue has opened for subscription on December 4 only for non-retail investors and today, it will remain open for retail investors as well.The floor price for the issue has been fixed at Rs 3,170, a discount of 7.88 percent to Tuesday's closing price.Close Standard Life Investments, the promoter of the company, told exchanges that it has proposed to sell up to 47,50,000 equity shares through offer for sale (representing 2.23 percent of the total paid-up equity share capital) of HDFC Asset Management Company, with an option to additionally sell up to 38,50,000 equity shares (representing 1.81 percent). related news Rate-sensitive stocks trade mixed after RBI keep interest rates unchanged ICICI Bank share price hits record high; analysts say … [Read more...] about HDFC AMC promoter to sell additional stake via OFS; share price falls 4%
Enniscorthy buy and sell
Market regulator Securities and Exchange Board of India (SEBI) has barred three persons from the capital markets for indulging in 'front running' activities in the matter relating to several funds of Fidelity Group.The regulator has directed the three persons -- Vaibhav Dhadda (or Avi Dhadda), Alka Dhadda and Arushi Dhadda -- to open an escrow account with a nationalised bank and within 15 days jointly deposit Rs 1.86 crore, which has been prima facie found to be unlawful gain.SEBI's surveillance system had generated alerts for possible instances of front running by certain entities during May-August, 2019 period.Close Following this, the regulator conducted a preliminary probe to look into the possible violations of various norms including PFTUP (Prohibition of Fraudulent and Unfair Trade Practices). related news Analysts see RBI pausing for long as inflation worries return CBDT floats draft notification with regard to renumeration of fund managers Canada Pension Plan … [Read more...] about SEBI bans 3 persons from capital markets in front running case related to Fidelity Group
Consumer durables firm Samsung has launched the country's largest and most expensive LED display called 'The Wall'.Priced between Rs 3.5 crore to Rs 12 crore, the MicroLED display - not called a TV - comes in a variety of sizes and ratios. It ranges from 146 inches (370.8 cm) in 4K definition, 219 inches (556.3 cm) in 6K definition, to 292 inch (741.7 cm) in 8K definition.The product is unprecedented and doesn't have competition.Close Among others, the VU Technologies sells 100-inch television sets for Rs 20 lakh. Similarly, LG has an 8k LED television that is not yet available for sale in India but is priced at around Rs 29 lakh globally. related news Oil rises as OPEC weighs deeper output cuts Cadila Healthcare files NDA with DCGI for liver disease drug Saroglitazar Mg IndiGo plane suffers high engine vibrations mid-air; returns to Mumbai The Wall is pegged as an ‘ultra-luxury’ viewing experience, this product comes with a 0.8mm pixel pitch technology. Compared … [Read more...] about Samsung launches The Wall, giant-sized LED costing up to Rs 12 crore
If you buy a smoothie in Portland, Oregon, the drink might come in a compostable plastic cup, a choice a thoughtful owner might make to make their operations more sustainable. You might think, at a quick glance, that you’re helping avoid part of the global waste problem. But Portland’s composting program, as in many cities, specifically bans compostable packaging from its green bins—and this type of plastic won’t break down in a backyard composter. Though it’s technically compostable, the container will end up in a landfill (or perhaps the ocean), where the plastic may last as long as its fossil fuel counterpart. advertisement advertisement It’s one example of a system that offers incredible promise for reshaping our waste problem but is also deeply flawed. Only around 185 cities pick up food waste at the curb for composting, and fewer than half of those also accept compostable packaging. Some of that packaging can only be composted by an … [Read more...] about Will compostable packaging ever be able to solve our waste problem?
Global brokerage house CLSA retained its bullish view on Reliance Industries, the country's most valued company, and Lemon Tree Hotels, the largest mid-priced hotel chain in India.After tariff hike, the research house increased its target price on Reliance Industries to Rs 2,010 (from Rs 1,710 earlier), implying 30.6 percent potential upside from current levels following expectations of a good growth in telecom business with a strong subscriber base."Despite tariff hike, Jio is at a 7-20 percent discount to its competition," said the brokerage.Close Reliance Jio on December 4 unveiled tariffs for its new all-in-one plans to be effective December 6 and announced up to 35 percent hike in its tariff. The new plans will provide up to 300 percent more benefits compared to the earlier all-in-one plans. related news Nifty may head towards 12,350, 12,500; top 5 buying ideas which can return 12-17% Experts say RBI may cut repo rate by 60-70 bps in 2020; 15 rate-sensitive … [Read more...] about CLSA bullish on these 2 stocks, expects at least 25% return in a year