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Ajanta Pharma promoter sells ₹1,024 crore stake; mutual funds step in as buyers
A promoter entity of Ajanta Pharma has sold a 2.8% stake in the drugmaker for over ₹1,000 crore through a block deal, with Kotak Mahindra Mutual Fund and Aditya Birla Sun Life Mutual Fund emerging as the key buyers.
Promoter sells Rs 1,024 crore worth of Ajanta Pharma shares in block deal to Kotak MF and ABSL MF
A promoter entity of Ajanta Pharma sold shares worth over Rs 1,024 crore through a block deal, with Kotak Mahindra Mutual Fund and Aditya Birla Sun Life Mutual Fund acquiring the stake. The transaction comes amid strong earnings growth, healthy margins and sustained momentum in the company’s pharmaceutical business.
Gold Price May Slip To Rs 1.5 Lakh On Hawkish Fed Bets; Silver Support Weakens To $64
Kotak Securities cautioned that silver remains vulnerable if support levels weaken.
Duty Hike Bites: Gold Imports Begin to Fall, Say Govt Sources
The overall import tax on gold and silver in India has been significantly raised from about 6% to over 15%.
Should You Own More Gold? Experts Weigh In After ETF Restrictions Across Mutual Funds
Both advisors argued that the discussion should not be limited to gold. Instead, it should prompt investors to think more broadly about diversification.
How global events are influencing gold and silver prices in India
Gold and silver prices rise on MCX as investors eye US inflation data and West Asia tensions, with silver outperforming and analysts tracking supply chain risks.
SBI in $1 billion funding for Sun Pharma’s US deal
State Bank of India is set to commit up to $1 billion to fund Sun Pharmaceutical Industries Ltd.'s $12 billion acquisition of Organon & Co. This move marks a significant step for government-run banks in financing corporate takeovers. SBI will join other global lenders in this substantial deal. The funding underscores the growing ambition of Indian companies to expand globally.
Silver: VC PMI Forecast Signals Potential Bullish Reversal - Investing.com India
Silver: VC PMI Forecast Signals Potential Bullish ReversalInvesting.com India
Silver in correction mode; but can zoom 150% in next 3 yrs: Kedia Advisory
Analysts at Kedia Stocks and Commodities Research expect Silver prices to fall to $48.60 levels in the bear-case scenario. On the upside, they expect prices to zoom up to $170 in the next bull cycle.
Silver Bullet Data Services seeks delisting from AIM market By Investing.com - Investing.com India
Silver Bullet Data Services seeks delisting from AIM market By Investing.comInvesting.com India
Gold Price Today: MCX Gold Dips Below Rs 1.53 Lakh Mark After Iran, Israel Agree To Halt Attacks
MCX gold July futures contract fell 0.06% to Rs 1,52, 811 per 10 grams, while the MCX silver July futures dropped 0.8% to Rs 2,44,417 per kg.
Silver price today down 1% to ₹2.43 lakh as bond yields rise, Fed rate hike fears return despite Israel-Iran ceasefire
Silver prices fell to ₹2.43 lakh per kg as rising US Treasury yields and Federal Reserve rate hike expectations overshadowed easing geopolitical tensions. Investors remain cautious ahead of US inflation data, which may influence silver's near-term direction.