share sale

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

IRCON Share Sale Over-Subscribed; Govt to Get Around Rs 1,100 Crore

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IRCON Share Sale Over-Subscribed; Govt to Get Around Rs 1,100 Crore

Published By: Mohammad Haris Last Updated: December 08, 2023, 18:33 IST The government’s share sale in IRCON was oversubscribed, with investments from both institutional and retail investors, and it will help the exchequer garner about Rs 1,100 crore. The government is selling about 7.53 crore equity shares, representing 8 per cent of the railway public … Read more