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Liberty paid Rs 262.45 crore plus interest of Rs 8 crore to take the Nellore based steel company, its second acquisition through the bankrutpcy process after acquiring the bankrupt Adhunik Metaliks and its associate Zion Steel in February 2020 under the insolvency law in a Rs 425 crore cash deal.
Nomura rates Tata Consumer a buyThe brokerage said the company’s foray into new food and beverages categories such as snacks, breakfast cereals, packaged water, branded coffee and artificial sweetener is in the right direction. Moreover, it has significant … Read MoreWhat is the Expense Ratio in a mutual fundIn a direct plan of a mutual fund scheme, you buy directly from the mutual fund company, whereas in a regular plan, you buy through a distributor (intermediary).
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… Read MoreMid-cap tech counters could be ready for bullish breakoutsStocks such as Ramco System, Happiest Minds, Newgen Software, 3i Infotech, Subex, Firstsource Solutions, Subex, Mastek among others rallied between 3% and 9% on Thursday. IT stocks have significantly outperformed the broader … Read MoreSmall savings: What triggered the rate reversalThe government on Thursday reversed interest rate cuts across a host of small savings schemes announced a day earlier. Small savings scheme rates are reset quarterly, and have been falling over the past few years. A look at t… Read MoreAxis Bank to sell UK arm to tech platform Axis Bank has informed the exchanges that it has agreed to sell its UK subsidiary to OpenPayd Holdings. According to the filing, the UK arm contributed Rs 206 crore total income in FY20 and had a net worth of Rs 765 crore as… Read More
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