Infosys block deal on March 12: Former CEO’s daughter Shruti Shibulal acquires 29.84 lakh shares for ₹469 crore

MARKET

Infosys block deal on March 12: Former CEO’s daughter Shruti Shibulal acquires 29.84 lakh shares for ₹469 crore

AIMPWA

March 12, 2025

Table of Content

Infosys block deal on March 12: Shruti Shibulal, one of the promoters of Infosys, on Wednesday acquired additional shares of the IT firm for ₹469 crore through an open market transaction.

Shruti is daughter of Infosys co-founder and former CEO SD Shibulal.

According to block deal data on NSE, Shruti bought 29.84 lakh shares of Bengaluru-based Infosys.

The shares were picked up at an average price of ₹1,574 apiece, taking the deal value to ₹469.69 crore.

Meanwhile, Gaurav Manchanda, one of the family members of SD Shibulal, sold the same number of shares at the same price.

Infosys’ shares fell 4.31 per cent to close at ₹1,590.05 apiece on the NSE.

On Tuesday, Shruti bought the IT major’s shares worth ₹494 crore.

Source link

AIMPWA

mmkrishnandasu@gmail.com http://msmenews.sbs

Wells Fargo’s stock rises as analyst proclaims ‘good entry point’ for investors

AIMPWAMarch 13, 2025

RBC Capital says Wells Fargo’s stock is a good buy after the recent financial-stock selloff, though most bank stocks remain in the red. Source link

LG Electronics India gets SEBI’s nod to float IPO

AIMPWAMarch 13, 2025

LG Electronics India Ltd, a subsidiary of the South Korean chaebol LG, has received markets regulator SEBI‘s approval for its ₹15,000 crore initial public offering (IPO), people familiar with the matter said on Thursday. This will be the second South Korean company to tap the Indian stock market following the listing of Hyundai Motors India...

Mauritius-based FII buys stake in LIC-owned penny stock under ₹20. Stock jumps 5%

AIMPWAMarch 13, 2025

Stock Market today: Mauritius-based FII buys stake in LIC-owned penny stock under ₹20. The PC Jewellers share price gained more than 5% in the morning trades on Thursday. PC Jewellers- Details of stake being bought by a fund As per the intimation on the exchanges UNICO GLOBAL OPPORTUNITIES FUND LIMITED has acquired warrants of PC...

Banks’ RoA and RoE will be impacted if deposit insurance limit as well as premium are upped, says ICRA

AIMPWAMarch 13, 2025

ICRA expects an increase in deposit insurance limit as well as premium in the wake of the recent failure of a cooperative bank. This, in turn, will impact banks’ return on assets (RoA) and return on equity (RoE). This assessment comes in the backdrop of frauds hitting the urban co-operative banking segment in the last...

Stock Market Holiday Today: NSE, BSE closed on March 14 on account of Holi

AIMPWAMarch 13, 2025

Indian stock market is closed Friday, March 14, 2025, on account of Holi. All trading across equity, derivatives, securities lending and borrowings, currency and interest rate derivates segments will remain closed. The exchanges will remain closed for a total of 14 days throughout this year. The BSE and the National Stock Exchange will resume operations...

ALL INDIA MSMES PROMOTION AND WELFARE ASSOCIATION