Showing posts with label NSE Stocks. Show all posts
Showing posts with label NSE Stocks. Show all posts

Wednesday 24 January 2018

Shriram Transport sells stakes in Shriram Automall for Rs. 156 cr

Stock tips, Stocks to buy-Sell, Equity tips, NSE stocks, Stock to watch, stock market tips, top Advisory, Money Maker Research
Shriram Transport Finance Company Limited (STFCL) has agreed to sell stakes in its subsidiary Shriram Automall India Limited (SAMIL) to MXC Solutions India, which runs an online auctions platform to buy and sell vehicles. The two companies have inked the share purchase agreement and the deal is valued at Rs. 156.00 crore, as per media report.

Meanwhile, the stock of Shriram Transport Finance was ended at the closing hours on NSE at Rs. 1,435 per share, down Rs. 33.80 or 2.30 percent while on BSE, the  stock closed at Rs 1,437.35, down 2.13%. 


The equity benchmarks managed to settle at fresh record peak. The BSE Sensex rose 22 points to end at a new high of 36,162. The Nifty50 index settled 2 points up at a fresh record of 11,086. 

Thursday 28 December 2017

NSE Stocks, BSE stocks, Stock trading, Commodity trading, trading recommendation, stock tips, Commodity tips, Money Maker Research, Top Advisory
Markets regulator SEBI on Thursday allowed all exchanges to provide trading in stocks and commodities from October 2018. NSE and BSE Stock exchanges can now launch commodity products on their platforms.  It has also decided to put a 10% cross-shareholding cap in MFs.
The new step may have an impact on the shareholding pattern of UTI Asset Management Co (AMC), requiring its promoters to lower their stake to 10% or below in next one year.

State Bank of India, Punjab National Bank, Bank of Baroda and LIC of India are having their own mutual funds together holding 18.24% stake each in UTI Asset Management Company.

The regulator has decided that any shareholder owning at least 10% stake in an AMC will not be allowed to have 10% or more stake in another mutual fund house operating in the country.  The move enables in strengthening the governance structure for mutual funds and helps avoid any conflict of interest.

Besides, Sebi has also decided to emerge with a fresh consultation paper on Investment Advisor so as to segregate advisory and the role of a distributor.


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