E-commerce giant Flipkart offloads 6% stake in ABFRL; sells 73 mn shares

Carlyle Group affiliate firm, C A Dawn Investments, on Wednesday sold its entire 10.20 per cent in Indegene for ₹1,447 crore
BS Reporter
Flipkart Investments on Wednesday offloaded 6 per cent stake in Aditya Birla Fashion & Retail Ltd (ABFRL) for ₹588 crore. The e-commerce giant sold 73.17 million shares at ₹80.32 apiece. Shares of ABFRL fell nearly 11 per cent in secondary market trading to end at ₹76.8.
Carlyle Group affiliate firm exits Indegene
Carlyle Group affiliate firm, C A Dawn Investments, on Wednesday sold its entire 10.20 per cent in Indegene for ₹1,447 crore. It sold nearly 24.5 million shares at ₹591 apiece. Shares of Indegene fell 4.7 per cent to end at ₹590.
Founder Kunhikannan sells 1.76% in Kaynes
Ramesh Kunhikannan, founder, Kaynes Technology on Wednesday divested his 1.76 per cent stake in the firm. He sold 11.25 million shares at ₹5,551 apeice to raise ₹623 crore. Shares of Kaynes fell about a per cent to close at ₹5,730 crore. BS reporters
Motilal Oswal Mutual Fund (MF) launched the first passive fund tracking the BSE 1000 index. The scheme Motilal Oswal BSE 1000 Index Fund, representing top 1000 listed companies offers exposure to about 94 per cent of the country's listed market capitalisation. The index at present has firms across 22 sectors. The top-10 stock weight is capped at 33 per cent to reduce concentration risk. Motilal Oswal is also in the process of finalising its plan to launch a scheme under the newly-introduced specialised investment fund (SIF) category in the next 6 months.
Sekhmet Pharma appoints Santosh Mahil MD & CEO
Private equity consortium led by PAG Sekhmet Pharmaventures has appointed Santosh Kumar Mahil (pictured) as the managing director (MD) and chief executive officer (CEO). Sekhmet is an investment platform that helps India's next generation of active pharmaceutical ingredient (API) companies. Mahil has nearly three decades of experience, having held leadership roles at Lupin, USV, Unichem, and Shilpa Medicare. BS reporter

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

Business Standard

4 hours ago

• Business Standard

Business Standard CEO Poll: Wars, trade frictions test biz confidence

75% of CEOs are "cautiously optimistic" about the future BS Reporters Mumbai/New Delhi/Kolkata/Bangalore/Chennai Listen to This Article Nearly 75 per cent of Indian CEOs say that the global uncertainty — driven by escalating tensions between Israel and Iran and the uncertain trade tariff environment — is 'somewhat impacting' their businesses. However, the remaining respondents do not foresee any significant disruptions, according to a nationwide dipstick survey of the CEOs conducted last week. Despite the geopolitical tensions, 83.33 per cent of the 12 CEOs surveyed by Business Standard affirmed that they are not altering their greenfield investment plans, even after US strikes on Iranian nuclear sites early Sunday raised the stakes in the region.

Hans India

10 hours ago

• Hans India

Only BS-VI compliant trucks will be allowed to enter Delhi from Nov 1: Govt

Aiming to curb the entry of polluting commercial vehicles into Delhi, the Rekha Gupta government plans to prohibit the entry of all commercial vehicles that are not compliant with BS-VI from November 1, an official said on Sunday. In addition to curbs on entry of polluting goods vehicles, the Delhi government is also gearing up to plans to stop sale of fuel to end-of-life (EoL) or over-age vehicles from July 1. The city's Transport department recently issued a circular clarifying that even if a commercial vehicle is carrying Delhi-bound essential commodities or providing essential services in the city it will not be allowed to enter the city after October 31 if it is not BS-VI compliant. Bharat Stage VI or BS-VI is the most stringent emission standard set by the Indian government to regulate air pollutants from vehicles. The Delhi government's crackdown against polluting trucks is based on the latest direction issued by the Commission for Air Quality Management (CAQM), said a transport department official. Citing CAQM's direction number 88 to curb rising air pollution from commercial goods vehicles, the transport department said: "All transport/commercial vehicle viz. Light Goods Vehicles, Medium Goods Vehicle and Heavy Goods Vehicles -– that are not BS-VI complaint will be strictly prohibited from entering National Capital Territory (NCT) of Delhi from November 1, 2025." Soon after the Bharatiya Janata Party came to power in Delhi, the Forest and Environment Minister Manjinder Singh Sirsa had hinted at a possible ban on sale of fuel to vehicles older than 15 years and constituted a team to identify and restrict movement of overage, polluting vehicles in the city. The transport department has now defined EoL vehicles as those which are no longer validly registered vehicles, whether running on petrol, CNG or diesel. These also include petrol vehicles more than 15 years old and diesel vehicles more than 10 years old. The CAQM has also issued a direction that all EoL vehicles identified through Automatic Number Plate Recognition cameras or other such devices installed at fuel pump stations would be denied fuel from July 1 in the NCT of Delhi. The transport department has warned that fuel pump owners found supplying fuel to EoL vehicles may also face action.

Economic Times

4 days ago

• Economic Times

Le Bernardin New York

Agencies Representational Le Bernardin is not just a seafood restaurant - it's a masterclass in culinary precision. This Manhattan 3-Michelin-star temple to fine dining, helmed by Eric Ripert, delivers an experience as elegant as it's menu - organised into 'Almost Raw', 'Barely Touched' and 'Lightly Cooked' - guides diners through a seafood odyssey. The tuna carpaccio, pounded impossibly thin and laid over foie gras-slathered toast, is a textural marvel. Langoustine in truffled broth and fluke bathed in sea urchin bouillabaisse showcase Ripert's finesse with marine delicacies. But vegetarians are not forgotten. The menu impresses with plates like morel and spring pea casserole and an artichoke risotto finished with black truffle vinaigrette. Even dessert, like the purple sweet potato baba with pecan whipped cream, feels quietly transcendent. Lunch offers a more relaxed take on the Le Bernardin experience, though refinement still reigns. The lounge prix fixe includes a built-in donation to City Harvest - a nod to giving back. Service is faultless, and atmosphere strikes a rare balance: serene, but never Le Bernardin, balance reigns - between simplicity and luxury, French tradition and global flair. After 40 years, it's a reminder that true luxury lies in restraint, not excess. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Small finance banks struggle with perception. Will numbers turn the tide? China rare earths blockade: Will electric vehicles assembly lines fall silent? Benchmarked with BSE 1000, this index fund will diversify your bets. But at a cost. Yet another battle over neem; this time it's a startup vs. Procter & Gamble Stock Radar: Oberoi Realty breaks out from 4-month consolidation; what should investors do? For investors with ability to take a contrarian stand: 6 mid-cap stocks from different sectors with upside potential of over 26% return ​Buy, Sell or Hold: Motilal Oswal remains neutral on Tata Motors; Antique recommends Hold on Hindustan Zinc These 7 banking stocks can give more than 21% returns in 1 year, according to analysts