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Rekha Jhunjhunwala has sold partial stake in Rallis India through block deals on Tuesday, while promoter Tata Chemicals has picked up those shares. According to data available with the exchanges, Rekha Jhunjhunwala has offloaded 97 lakh shares or nearly 5% stake in the company. The transaction was done at a price of Rs 215 apiece, fetching the investor about Rs 208 crore.

Investing.com — Investors look ahead to a busy week of earnings, including quarterly results from some of the largest U.S. banks. Meanwhile, drug-making giant Novartis improves its guidance as it eyes a spin-off of its Sandoz generics division later this year, and Cathie Wood says her ARK investment management firm has written down its stake in Twitter.

Paytm fell nearly 3% intraday on Tuesday after SoftBank offloaded another 2% in the company over the past one month. The stock was last trading at Rs 843.6 on the NSE, down about 2.1% from previous close. ET reported that the Japanese investment firm has sold an additional 2% stake in One 97 Communications, the parent of Paytm, generating proceeds of $180 million to $200 million.

₹782 crore. Still, Ebitda (earnings before interest, tax, depreciation, and amortization) drop was limited to 2.7%, due to a favourable product mix and cost control measures, marginally improving the Q1 Ebitda margin by 97 basis points to 14%.

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

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Cathie Wood’s ARK Investment Management has written down its stake in Twitter by 47% since Elon Musk took the social-media company private last year, Wood said in an interview. “We take fair valuation very seriously and absolutely have had to write that [Twitter] down," Wood said Friday. “The write-down is not representative of our fundamental outlook and belief in the long-term return on investment we believe that it will have for our shareholders." Wood is still bullish on Twitter’s long-term outlook.

Bitcoin (BTC) has posted an impressive summer season so far this year, following a stunning +25% pump in mid-June - which has has left price action high in consolidation above $30,000.

PolyMet Mining Corp Monday said it has accepted Glencore Plc's proposal to buy the remaining 18% stake in the company, gaining full control of the mine development company, for about $73 million, reported Reuters. The PolyMet said Glencore, under a definitive agreement, would buy the roughly 18% of issued and outstanding shares it doesn't currently own for $2.11 per share in cash, 2.9% above the last closing price for PolyMet and more than double where it was trading in late June before Glencore pitched an offer to buy the shares.

It’s one step forward, two steps back at Betr, the News Corp-backed wagering group, where a Barrenjoey-advised sales process has stalled.

Patanjali Foods on Monday said Rajiv Jain-led GQG Partners and a few other investors bought 2.15 crore shares or 5.96% stake in the company on July 14. The stocks were bought through the stock exchange settlement process by the way of offer for sale (OFS).

₹5,922 crore through a 57.56% promoter stake acquisition, one of the largest ever cross-border deals in the communication platform space. Listed in September 2020, Route Mobile is primarily engaged in offering omnichannel communication solutions, including automated SMS, WhatsApp notifications, voice-based, and email solutions.

₹1,634.80 apiece on BSE. The stock touched intra day high at ₹1,759.50 and low of ₹1571.85 apiece.  At 11:40 IST, Route Mobile's stock had given up all of its gains and was down more than 2%. “The stock prices witnessed strong traction in morning session but the gains have been erased and infact prices have slipped into red as it is down more than 2.5% at the time of writing, The volume activity as well is very high.

Vijay Kedia portfolio: After the beginning of Q1 results 2023 season, retail investors are busy scanning the ace investors' portfolio as it helps them know the direction in which smart money has flown in the previous quarter. For such retail investors, there is a piece of stock market news as Vijay Kedia has raised stake in Atul Auto during April to June 2023 quarter. As per the shareholding data of Atul Auto Ltd, Vijay Kedia raised his shareholding from 7.05 per cent to 13.70 per cent in Q1FY24.

Morgan Stanley PE Asia has acquired a controlling stake in ClearMedi Healthcare, a Delhi-headquartered chain of oncology hospitals and radiation therapy centres, in a deal valued at about $35 million (Rs 285 crore). Italy's KOS Group, which has been a strategic investor, exited ClearMedi by selling its stake to the PE firm and the promoters of the healthcare provider, people briefed on the transactions told ET.

JSW Steel Ltd is mulling a bid for as much as a 20 percent stake in Canada's Teck Resources Ltd.’s steelmaking coal business, reported Bloomberg on 15 July citing sources. According to the report, JSW has expressed preliminary interest and is also in discussions with banks over potential financing for the acquisition that may total about $2 billion. ALSO READ: Robust production volumes by steelmakers offers a glimpse into Q1FY24 results Though the deliberations are at an early stage, details such as price and timing could change, said the source.

Upcoming IPOs: After dream listing of ideaForge Technologies, Cyient DLM and Senco Gold IPOs ((Initial Public Offers), primary market is eagerly awaiting the arrival of two more book build issues next week — Netweb Technologies and Asarfi Hospital IPO. Both upcoming IPOs will open on Monday next week. A total of around ₹658 crore would be at stake in primary market next week as Netweb Technologies IPO size is ₹631 crore while Asarfi Hospital IPO aims to raise ₹26.94 crore from its public offer.

Nirma Ltd. and PAG-backed Sekhmet Pharmaventures are among the shortlisted bidders for a controlling stake in Glenmark Life Sciences Ltd., according to people familiar with the matter. The suitors have entered the final round of bidding for a stake of about 83% in the Mumbai-listed company held by Glenmark Pharmaceuticals Ltd., said the people, who asked not to be identified as the information is private.

Bharti Airtel has bought an additional 20.6% stake in Bengaluru-based technology startup Lavelle Networks, taking its holding to 45.6%. The company did not share financial details of the deal. In January last year, Airtel acquired around 25% equity stake in Lavelle Networks. «Agreement has been entered for acquisition of additional 20.6% stake on the basis of price determined by the valuation report. The said valuation has not been disclosed due to the reasons of confidentiality,» Airtel said in a regulatory filing Wednesday. Founded in 2015, Lavelle Networks is a networking software startup that delivers next generation cloud powered technology to optimize, secure and manage enterprise branch networks. Airtel, through its startup accelerator program, aims to support growth of early-stage Indian tech startups and partner with them in building significant scale to achieve its vision.

Baba Ramdev-led Patanjali Ayurved Ltd will sell up to 2.53 crore shares in its group firm Patanjali Foods Ltd on stock exchanges in a bid to increase public float to meet listing requirements.The shares of Patanjali Foods, which is into edible oil and other food products, will be offloaded through the Offer For Sale (OFS) route.The floor price has been fixed at Rs 1,000 per equity share for the offer, which will be open on July 13 and 14, according to a regulatory filing by Patanjali Foods on Wednesday.

offer for sale (OFS) that will allow its top shareholder Patanjali Ayurved to offload 2.53 crore shares of the company – (leading to a nine per cent stake in case of oversubscription), at a floor price of ₹1,000 per share. Patanjali Ayurved is the FMCG major's largest shareholder with a stake of 39.37 per cent.