Promoter Holdings

TTK Healthcare hits 5-year high on delisting plan; zooms 70% in 14 days

The board of directors are scheduled to meet on April 20, 2023 to consider the proposal for voluntary delisting of the equity shares of the company.

Vinod Adani is part of promoter group of listed entities: Adani group

Vinod Adani, the little known elder brother of Adani group founder Gautam Adani, is part of the promoter group, the conglomerate has said after questions were raised about his status following short seller Hindenburg Research naming him prominently in its scathing report on the Adani group. "We would like to submit that Gautam Adani and Rajesh Adani are individual promoters of various listed entities within the Adani group and Vinod Adani is an immediate relative of the individual promoters," the group's flagship Adani Enterprises said in a stock exchange filing on Thursday. Accordingly, as per the applicable Indian regulations, "Vinod Adani is part of the 'promoter group' of various listed entities within the Adani group." In response to Hindenburg questioning the role of Vinod Adani, 74, in the Adani group where it alleged "brazen stock manipulation and accounting fraud" and use of offshore shell companies to inflate stock prices, the apples-to-airport conglomerate had in January

Kirloskar Oil Engines' promoter entities sell 17.71% stake for Rs 825 cr

Kirloskar Oil Engines' promoter entities on Wednesday divested 17.71 per cent stake in the company for Rs 825 crore through open market transactions. The promoter and promoter group which offloaded the shares include Jyotsna Gautam Kulkarni, Ambar Gautam Kulkarni and Nihal Gautam Kulkarni. Nomura Trust and Banking Co. Ltd, Societe Generale, Sageone Investment Managers LLP, the Regents of the University of California, BNP Paribas Arbitrage, Max Life Insurance Company and DSP Mutual Fund, among others, were the buyers of the shares. According to the block deal data available with the National Stock Exchange (NSE), the promoter and promoter group sold a total of 2,56,22,987 shares, amounting to 17.71 per cent stake in the company. The shares were sold at an average price of Rs 322 each scrip, taking the total transaction value to Rs 825.06 crore. On Wednesday, shares of Kirloskar Oil Engines rallied 20 per cent to settle at Rs 390.05 apiece -- its 52-week high -- on the NSE.

RBI guidelines may prompt J&K Bank to dilute promoter shareholding

The union territory of Jammu & Kashmir has 64.5 per cent stake in J&K Bank while UT of Ladakh has about 4.5% stake

Singer India zooms 43% after promoter offloads 22% stake via block deals

Rare Investments, the investment arm of late Rakesh Jhunjhunwala acquired 4.25 million equity shares or 7.91 per cent stake in Singer India on Tuesday, showed block deal data

Metropolis tanks 27% in 1-mth on promoter stake sale buzz, latter clarifies

The promoters of Metropolis Healthcare on Monday after market hours clarified that they have no intention to exit the business.

Promoters' loans, rising earnings help Adani cos to slash interest costs

Group plans to list infra SPVs to slash debt

IndiGo promoters call EGM on Dec 30 to amend share clauses

A removal of the clause will allow either side to sell or transfer shares to a third entity without giving each other notice

Proxy advisory firm InGovern raises related-party issues at Asian Paints

Company says the audit committee has a majority of independent directors, and the promoter director does not participate in the meeting during discussions on related-party transactions

Adani Ports gains 10% in 2 days after promoter buys shares via open market

On June 17, 2021, Infinite Trade and Investment Ltd, the promoter group of the company, purchased 1.93 million shares, worth of Rs 126.81 crore of the company via the open market

Improving outlook, low valuation drive Bajaj Consumer Care rally

Reduction in promoter pledge holding as well as interest from large HNIs in the stock have only added to the optimism

Promoter pledging declines to a two-year low of 11% in December

But value of pledged holding rises, buoyed by market rally

This textile stock has rallied over 100% in 2 months as promoters up stake

Between November 19 and December 22, the promoters of Filatex India purchased 11.93 million equity shares worth Rs 41 crore

Promoter pledging hits three-year high in August at 1.86% of market cap

Value of pledged shares soared 56% to Rs 2.77 trillion in August from Rs 1.78 trillion at the end of July

Sebi's higher float proposal for IBC firms could run into hurdles

Several legal experts plan to highlight the challenges in implementing all three options recommended by the regulator

Promoter pledging spikes in firms belonging to debt-laden groups

The companies with high promoter pledging also saw a sharp fall in their share prices; market experts say companies with high pledging have seen sharp selling

Kotak Mahindra Bank promoters get RBI nod to cap voting rights, pare stake

Promoters' voting rights would stand curtailed to 20% until March, and reduce further to 15% from April

New promoter norms may bring down the liability for some stakeholders

Clarity on existing definitions of ownership could also be under review, believe experts

Promoters may be told to simplify group structures, remove multiple layers

RBI likely to ask core investment firms to merge; Birla group takes the cue

Promoters of companies pledging at two-year low on market rally

In the December quarter, 132 listed firms reduced the percentage of pledged shares, with 12 bringing it down to zero