Mar 05, 2013, 08.36 PM IST
Mavi Investment Fund, a shareholder of Adani Power, today offloaded 75 lakh shares of the company in a deal worth Rs 33.37 crore. The shares were purchased by Vinodbhai Shantilal Adani NRE, the block deal data at the stock exchanges showed.
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Mavi Investment sells 75 lakh Adani Power shares
Mavi Investment Fund, a shareholder of Adani Power, today offloaded 75 lakh shares of the company in a deal worth Rs 33.37 crore. The shares were purchased by Vinodbhai Shantilal Adani NRE, the block deal data at the stock exchanges showed.
Like this story, share it with millions of investors on M3
Mavi Investment sells 75 lakh Adani Power shares
Mavi Investment Fund, a shareholder of Adani Power, today offloaded 75 lakh shares of the company in a deal worth Rs 33.37 crore. The shares were purchased by Vinodbhai Shantilal Adani NRE, the block deal data at the stock exchanges showed.
Mavi Investment Fund, which held 2.82 crore shares representing 1.18 per cent stake in Adani power as of quarter ending December, sold 75 lakh shares (amounting to 0.31 per cent shareholding). The shares were sold for an average of Rs 44.5 apiece.
Read more: Inter-Ministerial panel on coal linkages to meet on Wed
Meanwhile, in a separate bulk deal, BNP Paribas Arbitrage purchased nearly 25 lakh scrips of the global banking major Standard Chartered PLC in deal size worth Rs 31.63 crore. The stock was acquired at an average price of Rs 126.58 apiece.
At the BSE, Adani Power scrip climbed 5.22 per cent to settle at Rs 46.35, while Standard Chartered gained 2.03 per cent to close at Rs 128.45 apiece.
highlights
- No case to revise direct tax rates, slabs
- Super rich tax: 10% surcharge on income above Rs 1 cr
- Modified provisions under GAAR effective April 1, 2016
- No change in standard rate of excise duty, service tax
flashes
- FM speaks to CNBC TV18
- Budget Reaction: Fitch Says Policy Implementation To Be Key Driver Of India Rating
- Budget Reaction: Fitch Says Believe Policy Execution Will Be Challenging
- Budget Reaction: Fitch Says Public Finances Vulnerable To Further Growth Slowdown
InterpretationS
- GAAR-Presumes tax benefit unless proved contrary
- MFs covered for deductions u/s 80CCG
- Excise duty increased on mobile phones of Retail Sale Price (RSP) more than Rs 2000
- ED on readymade garments exempted: positive textile sector
SECTOR IMPACT
Select Sector to see impact
- Auto - Cars & Jeeps
- Auto - LCVs/HCVs
- Banks - Private Sector
- Banks - Public Sector
- Cigarettes
- Computers - Hardware
- Computers - Software - Training
- Construction and Contracting - Real Estate
- Electricals
- Engineering - Heavy
- Finance - General
- Finance - Investments
- Infrastructure - General
- Leather Products
- Media & Entertainment
- Mining/Minerals
- Miscellaneous
- Personal Care
- Pesticides/Agro Chemicals
- Power - Generation/Distribution
- Refineries
- Shipping
- Sugar
- Textiles - Denim
- Textiles - General
Textiles - General
18:52 pm
Exice Duty on readymade garments exempted +ve for textile sector
TAX AND YOU
Salaried Person
REACTIONS
reaction on: Policy
Naina Lal Kidwai
Country Head | HSBC India
reaction on: Business
NK Jain
Vice-chairman | JSW Energy
reaction on: Markets
Mukesh Kumar
Head - Strategic Planning | HDFC ERGO General Insurance
reaction on: SME
Snehdeep Aggarwal
Founder & Chairman | Bhartiya International
reaction on: Policy
Sanjay Sanghvi
Partner | Khaitan & Co
What got Cheaper / costlier?
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