Housing Development Finance Corporation on Tuesday increased its stake in its life insurance arm—HDFC Life Insurance. According to bulk deals data on NSE, HDFC on Tuesday bought 1,48,80,000 shares of HDFC Life Insurance at an average price of ₹667.10 per piece, valuing the deal at ₹993 crore. After getting approval from the Competition Commission of India to raise HDFC’s stake …
On the Bombay Stock Exchange, the stock listed at Rs 1,360.75 apiece and on the National Stock Exchange, the opening price was Rs 1,368 per share against the issue price of Rs 1,180 Franchise operator of KFC and Pizza Hut restaurants, Sapphire Foods, began their first-day trade today, 18 November, with a decent premium of 15 percent, falling largely on …
The company plans to raise Rs 2,073 crore through IPO that is entirely an offer-for-sale by promoters and investors. The offer closes 11 November The initial public offering of Sapphire Foods, which operates KFC and Pizza Hut restaurants, received bids for 1.03 crore equity shares against an IPO size of 96.63 lakh equity shares, a subscription of 1.07 times on …
The revenue growth isn’t very exciting Loss has been narrowed by curtailing advertising expenses Paytm is well-diversified but lacks clear leadership Sales to m-cap at 49x looks expensive Road ahead looks challenging Paytm may continue to incur losses to safeguard market share Sapphire Foods stands to gain from industry growth Looks to benefit from popularity among youngsters, good consumer experience …
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