GAGA Share Market News

[hfe_template id='11223'] [ad_1] The shares of JB Chemicals & Pharmaceuticals today fell by 7.4% in early trade, to their day’s low of Rs 1,576.65 on the BSE as 90 lakh shares reportedly exchanged hands in a block deal, where KKR & Co unit Tau Investment Holdings is likely the seller. As per reports by Moneycontrol, KKR sold a 5.78% stake in the company. However, the official parties to the transaction are not currently known. According to a previous ET report, KKR & Co unit Tau Investment Holdings was expected to sell a 6.8% equity stake in JB Chemicals and Pharmaceuticals via a secondary share sale, citing a term sheet seen by it. The offer price for the deal was expected to be Rs 1,625 per share which is a discount of 4.12% over Wednesday’s closing price of Rs 1,695 on the NSE. The Book Running Lead Managers (BRLMs) are Kotak Securities, Jefferies, IIFL Capital, and Avendus Capital. Live Events JB Chemicals is a pharmaceutical company with a diverse portfo...

[hfe_template id='11223'] [ad_1] Shares of NTPC Green Energy cracked 9% to hit their new 52-week low of Rs 96.20 on the BSE on Monday, February 24, as its 3-month shareholder lock-in period expires today, freeing up 183 million shares to trade in the open market. This development means that nearly 183 million shares of NTPC Green Energy, which were previously restricted and could not be sold, are now eligible for trading. According to a report by domestic research firm Nuvama Alternative & Quantitative Research, these unlocked shares represent approximately 2% of the company’s total outstanding shares. A three-month share lock-in period refers to a specific duration of three months during which certain shareholders are restricted from selling or transferring their shares in the stock market. This restriction is often imposed following an initial public offering (IPO) to prevent a massive sell-off that could destabilize the stock price. Typically, lock-in periods last...