Pursuant to this investment, PAG Group and Edelweiss Financial Services Ltd will be the shareholders in EWM, of which PAG will hold a controlling stake.
Trends on SGX Nifty indicate a positive opening for the broader index in India, with a 16 points gain. Nifty futures were trading around 11,934-level on the Singaporean Exchange.
The company had registered a net profit of Rs 180.88 crore in the similar July-September period of 2017-18.
Trends on SGX Nifty indicate a flat opening for the broader index in India, a fall of 0.5 points or 0.02 percent.
Watch the interview of Renisha Chainani, Senior Markets Commodities Research at Edelweiss Financial Services Ltd with Manisha Gupta on CNBC-TV18. He spoke about the current trend in commodities markets.
Watch the interview of Renisha Chainani, Senior Markets - Commodities Research, Edelweiss Financial Services Ltd with Reema Tendulkar and Nigel D'Souza on CNBC-TV18. She spoke about the current trend in commodities markets.
Alkem Laboratories has raised Rs 395 crore from anchor investors, including Abu Dhabi Investment Fund, by allotting shares at a price of Rs 1,050. For the IPO, the company has fixed a price band of Rs 1,020-1,050. Through the initial share sale, which closes tomorrow, Alkem aims to raise up to Rs 1,350 crore.
Watch the interview of Renisha Chainani, Senior Markets - Commodities Research of Edelweiss Financial Services Ltd and Ashish Shah of Sushil Finance with Anuj Singhal and Ekta Batra on CNBC-TV18. He spoke about the current trend in commodities markets.
Dipen Shah of Stayvan.com advocates selling crude MCX on rise up to Rs 5,200 per barrel. "Maintain stop loss for this trade at Rs 5,225 per barrel with initial target of Rs 5,125 per barrel and Rs 5,120 per barrel", he adds.
Dipen Shah of Stayvan.com advocates buying gold MCX on dips upto Rs 30,300 per 10gm. Stop loss should be placed at Rs 30,200 per 10gm for an upside target of Rs 30,500 per 10gm.