3A Capital Services has moved SAT against Sebi’s refusal to exclude non-selling promoters from its open offer in Sri Sarvaraya Sugars. Sebi has argued that once the 25 percent threshold is breached, an open offer to all eligible shareholders is mandatory.
Investors need not panic when promoters sell, said Pranav Haldea, adding that instead they should evaluate each case on its merit.
GE T&D India's promoter entities GE Grid Alliance and Grid Equipments Pvt Ltd plan to sell a minority equity stake from their 75% shareholding, but intend to stay as the majority shareholders in the firm.
Bandhan Financial Holding is 100 percent owned by Bandhan Financial Services, which is owned by IFC, SIDBI, Caladium and three trusts among others.
The company expects good growth in terms of topline and a continued improvement in productivity and profits said Flintham of Amtek India.
The Securities Appellate Tribunal upheld Sebi's order rejecting Gillette India's proposal on minimum public shareholding norms. It also vacated the interim stay imposed on Sebi with respect to actions to be taken against Gillette India.
Ashish Chugh, investment analyst and author of Hidden Gems joins CNBC-TV18 to cherry-pick some midcaps that could save your portfolio in these uncertain times. He advices buying shares of Surya Roshni and Ansal Properties at current price for good returns in future.