GAGA Share Market News

[hfe_template id='11223'] [ad_1] Japan's Nikkei share average inched down on Wednesday as investors avoided active bets with Wall Street closed for the Christmas holiday. The Nikkei was down 0.12% at 38,990.56 by the midday break, after rising as much as 0.37% after the open. "The market struggled to find direction with foreign investors away for the holiday season," said Fumio Matsumoto, chief strategist at Okasan Securities. "This time of the year, local individuals were the only ones active in trading but they do not want to place active bets when large stocks do not move actively with the absence of foreign investors." Entertainment company Konami fell 1.74% to drag the Nikkei the most. Drugmaker Daiichi Sankyo lost 1.41% and phone company KDDI slipped 0.59%. The broader Topix fell 0.62% to 2,710.25, dragged lower by Toyota Motor's 0.88% fall. Mitsubishi UFJ Financial Group lost 0.91%. Honda Motor slipped 0.77% after surging 12.2% in th...

[hfe_template id='11223'] [ad_1] Shares of Indus Towers are likely to be in focus on Wednesday after the Competition Commission of India (CCI) approved Bharti Airtel's plan to increase its stake in Indus Towers, following the telecom infrastructure company's share buyback. "The Commission approves an increase in the percentage shareholding of Bharti Airtel Ltd (Bharti Airtel) in Indus Towers Ltd (Indus Towers) to 50.005% pursuant to buyback of shares by Indus Towers," CCI said in a release. The buyback, which began on August 14, involves purchasing over 5.67 crore shares at Rs 465 each, representing approximately 2.107% of the total equity shares. Currently, Bharti Airtel holds a 50% stake in Indus Towers, according to exchange data. The telecom infrastructure company reported a 71.7% year-on-year rise in consolidated net profit to Rs 2,224 crore for the September 2024 quarter. Notably, Q2 FY25 included a write-back of Rs 1,077 crore in provisions for d...

[hfe_template id='11223'] [ad_1] The board of Matrimony.com has approved a share buyback of Rs 72 crore at a price of Rs 1,025 per share, which is a 27.5% premium over Thursday’s closing price. Following the announcement, the stock surged 3% to a day’s high of Rs 829.55. “Board approved the proposal of buyback of 7,02,439 fully paid-up equity shares of face value Rs 5 (Rupees Five only) each of the Company (“Equity Shares”) of an amount not exceeding Rs 720 Million (Rupees Seven Hundred and Twenty Million only),” said the company in a filing to the exchanges. Further details on the buyback process, record date, and timelines will be announced in due course. As on August 30, the pre-buyback shareholding of the company states that 51.6% of the shareholding rests in the hands of the promoter and the promoter group while the remaining 48.4% is with the public shareholders such as mutual funds, foreign investors etc. This is the second instance of Matrimony.com conducting a b...

[hfe_template id='11223'] [ad_1] The board of AIA Engineering has approved a share buyback of Rs 500 crore at Rs 5,000 per share, a premium of nearly 10% over Friday’s closing price of Rs 4,553. August 20 has been set as the record date. “We wish to inform you that the Board of Directors of the Company, at its meeting held today, i.e., August 07, 2024, have, inter alia, approved the Buy-back of up to 10,00,000 (Ten Lakhs Only) fully paid-up Equity Shares of face value of ~ 2/- each by the Company (representing 1.06% of the total number of Equity Shares of the Company) at a price of ~ 5,000/- (Rupees Five Thousand) per Equity Share payable in cash for a total consideration not exceeding ~. 500,00,00,000/- (Rupees Five Hundred Crores only),” said the company in its filing to the exchanges. Also read: Should you still buy Mazagon Dock, HAL, GRSE after multibagger rally? Tips from ICICI Securities With this buyback, the company will undertake its first-ever share buyback, ac...