Ace investor Madhusudan Kela has made fresh investments in underperforming stocks, picking up stakes in Indiabulls Limited and Simplex Infrastructures Limited, signalling a contrarian approach amid recent market trends. Kela acquired over 5.15 crore shares in Indiabulls, representing a 2.22% stake. Indiabulls, a smallcap company with a market capitalization of Rs 2,810 crore, operates across…
SME company SAR Televenture has raised Rs 208.46 crore via issue of over 1 crore warrants from a clutch of investors, including Madhusudan Kela-backed fund, Choice Strategic Advisors and the promoter group. The warrants were issued at a price of Rs 207 apiece and Kela’s Founder Collective Fund bought Rs 25 crore worth warrants. Choice…
Tilaknagar Industries Ltd (TI), leading premium brandy maker, has allotted 34 lakh equity shares to Singularity Equity Fund, the investment vehicle backed by star investor Madhusudan Kela. These shares were issued to warrant holders upon conversion, the company said in a filing. The move strengthens the company’s capital base at a time when the company…