 "Rebel Foods Slashes Losses with Notable Revenue Surge in FY24")
Rebel Foods Slashes Losses with Notable Revenue Surge in FY24
Rebel Foods, the parent company of popular cloud kitchen brands like Faasos, Behrouz Biryani, and Oven Story, has reported a significant improvement in its financial performance for the fiscal year 2024. The company narrowed its consolidated loss to Rs 378.21 crore, down from Rs 656.55 crore in the previous year. Revenue from operations grew by ...
 "In a high-stakes move, Chinese tech giant Tencent unloaded 2.1% of its holdings in PB Fintech, the parent entity of Policybazaar, for a staggering Rs 1,668 crore via open market transactions. This extensive sell-off of 97 lakh shares, executed in 15 tranches, slashed Tencent’s stake from 4.26% to 2.13%. Notable buyers, including SBI Mutual Fund, Societe Generale, and other major financial entities, quickly acquired the shares. Despite the intense trading activity, PB Fintech’s shares dipped 0.71%, closing at Rs 1,724.85 on the BSE. This marks the third significant sale by Tencent in PB Fintech within a span of four months.")
