promoters

M&M promoter group entity initiates sale of shares; sale will reduce promoters’ stake to 18.57% from 19.32%

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M&M promoter group entity initiates sale of shares; sale will reduce promoters’ stake to 18.57% from 19.32%

Mumbai: Mahindra & Mahindra’s promoter group entity Prudential Management and Services Pvt Ltd (PMSL) has initiated a secondary sale of shares in the company as the “family is looking for liquidity for specific needs”, the automobile manufacturer said in a filing with the stock exchanges on Wednesday. The company made the filing as a clarification … Read more

Jai Corp’s Virendra Jain makes highest bid for Rolta India

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Jai Corp’s Virendra Jain makes highest bid for Rolta India

Mumbai: Virendra Jain, vice-chairman of Jai Corp, has emerged as the highest bidder for the debt-laden Rolta India with a ₹725-crore bid that includes some conditional payments, people familiar with the process said. Jain is bidding in his personal capacity for the company that faces probes into alleged instances of fraud. The company received nine … Read more