Based private equity investor Advent International‘s affiliate Jomei Investments has exited its entire 2% equity stake in India’s Aditya Birla Capital, exchange data showed on Tuesday. Jomei sold its 53.2 million shares in the Indian financial services firm at 308 rupees per share, valuing the sale at 16.39 billion rupees ($186.47 million), according to Reuters…
Aditya Birla Capital, a non-deposit-taking non-banking financial company (NBFC), on Tuesday reported a consolidated profit of Rs 865 crore for three months ended on March 31, 2025. This marks a 6 per cent year-on-year growth when adjusted for one-off gains from the sale of shares in its asset management business through an OFS in the…
In the Nifty500 pack, six stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on May 02, according to stockedge.com’s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day…