Sebi in an interim order passed on Monday banned Ramit Chaudhri, solutions design head of Infosys, and his accomplice Keyur Maniar of Wipro in an insider trading case involving the company’s strategic partnership with Vanguard announced last year.
The issue includes a fresh issue of equity shares worth Rs 1,350 crore as well as an offer for sale of 40,07,500 equity shares by existing shareholders and promoters.
Inox Leisure Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 4776.12 Crore) operating in Media & Entertainment sector.
Moreover, the stock consolidated after taking a heavy beating on Tuesday, when it ended as the worst performer in the Sensex stock.
In the spot market, highest purity gold was sold at Rs 45,957 while silver was priced at Rs 59,628 on Tuesday, according to the Indian Bullion and Jewellers Association.
Most analysts have a ‘subscribe’ rating on the IPO.
A term sheet issued by Kotak Capital detailed the stake sale plan by Kayak Investments. At 10:00 IST, shares of Max Healthcare Institute were down 5.52% at Rs 349.30 on the National Stock Exchange.
A total of 1,865 shares changed hands on the counter till 11:13AM (IST).
Kotak Mahindra Bank, Maruti Suzuki and Tata Motors are three stocks Jani would like to pick up on a day the market is falling.
The 30-share BSE Sensex was down 491.67 points at 59175.93
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