Articles for tag: Advisors, Crore, Fluctuations, Fund, Lighthouse, Market, Motilal, Mutual, Oswal, Purchases, Retail, Sells, Shares, Stake

September 24, 2024

Lighthouse Advisors sells a stake in V2 Retail for Rs 85 crore, while Motilal Oswal Mutual Fund purchases shares amid market fluctuations.

Lighthouse Advisors, a private equity firm, recently sold a 2% stake in V2 Retail for Rs 85 crore through an open Market deal. The sale involved over 734,000 shares at an average price of Rs 1,160 each, reducing Lighthouse’s holding in V2 Retail from 6.36% to 4.24%. Following this transaction, shares of V2 Retail rose ...

September 23, 2024

Market News

Business

India’s palm oil import cancellations surge as refiners respond to soaring prices and increased duties, opting for profit over purchases.

India’s palm oil refiners have canceled 100,000 metric tons of palm oil deliveries planned for October to December, reacting to a significant rise in global palm oil prices and a recent increase in import duties. The Indian government raised import taxes on crude and refined edible oils by 20 percentage points, pushing the total duty ...