Promoter

The OFS will open on January 14 for non-retail investors and on January 15 for retail investors. The floor price has been set at Rs 22 per share.

Bombay High Court orders arrest of Varanium Cloud promoter Sabale; stock hits 5% lower circuit

Reports say the warrant was issued against Sabale for defaulting on a debt of about Rs 49.53 crore

Astral promoter likely to sell up to 3% stake: Sources

As per the latest available data, the promoter currently holds a 55.85% stake in Astral.

Smoke, mirrors, and a chimera of promoter guarantees

Promoter’s personal guarantee first arose as an additional security for industrial loans made by banks and institutions in response to syphoning off funds and falsification of accounts by promoters. But over the years, it became a joke and now banks are putting in place stringent recovery systems

CIE Automotive India shares rally 7% on block deal, robust Q2 numbers

EBITDA jumped 14.7 percent to Rs 350.6 crore in the second quarter of this fiscal over Rs 305.8 crore in the corresponding period in the previous fiscal, CIE Automotive said on July 18.

Is promoter selling always a reason to worry?

Investors would do well to assess the identity of the promoters who are selling, their likely reasons and then take a call on what they should do

Review audit of Videocon hints at questionable accounting entries by promoters

For the financial year that ended March 31, 2022, the company has reported a total standalone income from operation at Rs 755.72 crore and a net loss of Rs 6,111.4 crore.

Wipro board clears Rs 12,000-crore share buyback at 19% premium

The company plans to buy up to 26,96,62,921 equity shares – being 4.91 percent of total number of equity shares

Dabur India tumbles as promoter offloads marginal stake

While the stock has gained 14 percent in the last six months, it is down over 1.5 percent for 2022

Sameer Gehlaut resigns as Indiabulls Housing Finance's Non-Executive Director

Sameer Gehlaut will also be resigning from the Board of the Company by the end of the current financial year, March 31, 2022.

What UPL’s first buyback in 8 years says about its finances

The Rs 1,100 crore buyback implies UPL is tracking well on its cash flow improvement and debt reduction plan. Why promoters want to exit, if reports are true, is a mystery though.

RIL ups stake in Sterling and Wilson Renewable Energy via off-market share purchase

The acquisition of the stake is in line with RIL's announcement in October 2021 to acquire a 40% stake in the leading solar engineering, procurement and construction solutions provider

SEBI’s Challenge | Defining ‘control’ in Corporate India

The shift to the concept of ‘person in control’ and away from promoter is SEBI’s recognition of the market’s maturity. However, in bringing in this change, it must not compromise the measures brought in to empower non-controlling shareholders 

Promoter stake up in 20 large firms, down in 38 in 2020

Promoter raising stake is usually positive for investors but reduced holding may not be bad news as many sold shares for regulatory compliance, analysts said.

12 stocks saw big rise in promoter pledge in Q2; time to turn cautious?

Edelweiss Research, which tracks 4,062 companies, found that 16 percent, or 642 promoters, pledged a part of their holdings in the July-September quarter.

SEBI relaxes preferential allotment norms; 4 ways in which it will help D-Street

The move will not only allow promoters to increase their holdings substantially, but will also make it easier for companies to raise funds from promoters

Promoters of these 8 companies reduced share pledge in Q4; what should investors do?

The rise in promoter pledge does raise an alarm but if the management, governance, and fundamentals of a company are strong then an investor must not worry whilst hold such stocks, suggest experts.

Promoter stake sales via OFS route at a 4-year high

Foreign strategic investors, debt woes drove a surge in deals via offer for sale route in January-June. The first six months of 2019 saw Rs 18,545 cr being offloaded by promoters via the OFS route

Public authority not a promoter if it decides to sell raw land: MahaRERA order

A development authority can be made a promoter along with the builder in case it is mandated to develop off-site infrastructure around the plot, MahaRERA has ruled

Court dismisses bail pleas of Unitech promoters, in fraud case

A Delhi court, on April 6, 2017, denied bail to Unitech‘s promoters, Ajay Chandra and Sanjay Chandra, arrested in a fraud case relating to a Gurugram-based real estate project and sent them to judicial &#82

Aban Offshore up 3% on acquisition of 49% stake in Aban Drilling

With this acquisition, the company will explore opportunity in deep water drilling.

Sheela Foam plans to boost market share to 30% in 2 years

The promoters are reducing their stake in the company via the IPO, says Gautam. The promoters will hold 85.5 percent stale post IPO.

5 stocks where insiders cut stakes after Modi's demonetisation

Here are 5 stocks where insiders sold post-November 8, when PM Narendra Modi made his surprise demonetisation announcement.

RBI issues licence to Ujjivan for Small Finance Bank

Ujjivan Small Finance Bank has got licence from RBI yesterday, Ujjivan Financial Services, the promoter company, said in a filing to the BSE.

Do promoters put much stock in their own companies?

Moneycontrol undertook a study to find out the number of companies in which the promoters held maximum stake. As a filter, we shortlisted companies from a total of 279 companies whose market capitalisation was over Rs 10,000 crore.