Tag: stakes

Shares of PVR dropped 5 percent to Rs 1,838 on the BSE in Thursday’s intra-day trade, after investors offloaded a 9 percent stake in the company via a block deal on Thursday. The investors who sold stakes in the company were - Multiples PE, Gray Birch, Plenty PE, and Berry Invt, the news channel reported. As per June 2022 shareholding pattern, Gray Brich Investment held 2.2 million (3.6 percent), while Plenty Private Equity FII held a 1.52 million (2.5 percent) stake in PVR. combined 10.25 million equity shares, representing 16.78 percent of the total equity of PVR, changed hands on the NSE and BSE, data shows. With Thursday’s decline, the stock corrected 17 percent, from its 52-week high level of Rs 2,211.55, that it had touched on August 4, 2022. The stock had been gaining after massive earnings from the movie Brahmastra. Read more

Shares of Bharti Airtel climbed nearly 2 percent on July 15 after the company said it is allotting 7.11 crore shares to Google on a preferential basis. The allotment is part of Google's commitment to invest $1 billion with Airtel, which included equity investment in the company worth $700 million, about Rs 5,224 crore, while the remaining $300 million will be invested through commercial agreements over the next five years, which include investments in scaling Airtel's offerings that cover a range of devices to consumers via innovative affordability programs. .“The ‘special committee of directors for preferential allotment of the company has approved the allotment of 71,176,839 equity shares of the face value of ₹5 each fully paid up, on a preferential basis to Google International LLC (Google) at an issue price of ₹734 per equity share (including a premium of ₹729 per equity share)," the carrier said in a note to BSE on Thursday. Read more