Latest news with #PurnimaDesai
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Business Standard
13-05-2025
- Business
- Business Standard
Aether Industries shares slip 6% after promoter trims stake under OFS
Aether Industries share price: Shares of Aether Industries plunged 6 per cent, logging an intraday low at ₹757.25 per share on BSE. The selling pressure on the counter came after promoter Purnima Desai started selling its equity holding under an offer for sale (OFS) of shares. At 11:48 AM, Aether Industries shares were trading 3.71 per cent lower at ₹776.35 per share on the BSE. In comparison, the BSE Sensex was down 0.76 per cent at 81,709.13. The market capitalisation of the company stood at ₹10,293.64 crore. The 52-week high of the stock was at ₹1,066.3 per share and the 52-week low stood at ₹737.2 per share. According to the exchange filing, the offer for sale is 6.77 per cent or 89,79,173 equity shares having a face value of ₹10 each. The offer will be open for non-retail investors on May 13, 2025, and for retail investors on May 14, 2025. The floor price of the offer is fixed at ₹700 per share. "The Seller proposes to sell 6.77% of the paid-up equity share capital of the Company (equivalent to 89,79,173 equity shares having a face value of ₹ 10 each) (Offer Shares) on May 13, 2025 (T day) (for non-Retail Investors only) and on May 14, 2025 (T+1 Day) (for Retail Investors and for non-Retail Investors who choose to carry forward their un-allotted bids) through a separate, designated window of the Stock Exchanges, (held in dematerialized form in one or more demat accounts with the relevant depository participant) in accordance with the OFS Guidelines (such offer for sale hereinafter referred to as the 'Offer')," the filing read. ALSO READ | About Aether Industries Aether Industries Limited, headquartered in Surat, Gujarat, specializes in advanced intermediates and specialty chemicals driven by complex, differentiated chemistry and strong technological capabilities. Its products serve diverse sectors including pharmaceuticals, agrochemicals, material science, coatings, high-performance photography, additives, and oil & gas. Founded in 2013, Aether began by focusing on team-building, infrastructure, and R&D to develop core competencies. Revenue operations started in FY 2018, marking the second phase of growth.
India Today
13-05-2025
- Business
- India Today
Stocks to watch on May 13: Tata Steel, Hero MotoCorp, Airtel, Tata Motors
Several key companies will be in focus as investors keep an eye on their performance on May 13. A ceasefire agreement between India and Pakistan gave a boost to investor confidence on Monday, leading to a sharp rise on Dalal global cues also supported the markets as Sensex posted its best rally in a year, surging over 3,000 all eyes are on whether the Sensex and Nifty will be able to extend this rally as early Gift Nifty readings suggest Dalal Street may open lower. TATA STEELTata Steel reported a strong rise in its profit for the quarter. Its net profit increased by 116.5% to Rs 1,200.9 crore, compared to Rs 554.6 crore in the same quarter last year. However, the company's revenue fell 4.2% to Rs 56,218.1 crore from Rs 58,687.3 Steel also reported an exceptional loss of Rs 388.6 crore, lower than the Rs 594.5 crore loss in the previous period. Its tax expense dropped to Rs 998.81 crore from Rs 1,254.31 crore. Other income saw a big rise, going up to Rs 461 crore from Rs 175.9 crore. The board has recommended a final dividend of Rs 3.60 per TO ANNOUNCE EARNINGS ON MAY 13Several well-known companies are expected to announce their quarterly earnings on May 13. These include Tata Motors, Hero MotoCorp, Bharti Airtel, Siemens, Bharti Hexacom, Cipla, GAIL IndiaTheir results will help investors understand how these companies have performed and what to expect going INDUSTRIESAccording to reports, promoter Purnima Desai is expected to sell up to 6.77% of her equity in Aether Industries through an offer for sale (OFS) on May 13 and OSWAL FINANCIAL SERVICESCitigroup Global Markets Mauritius has bought 2.03 lakh shares of Motilal Oswal Financial Services. The shares were purchased at an average price of Rs 679.5 each from Morgan Stanley Asia Singapore COMMUNICATIONS (PAYTM)Antfin, which is linked to the Chinese company Alibaba Group, is expected to sell up to a 4% stake in One97 Communications (Paytm) through block deals. According to a report by CNBC-TV18, the deal is likely to be worth Rs 2,066 crore, and the floor price is set at Rs 809.75 per TECHNOLOGIESGeneral Atlantic Singapore Fund Pte is likely to sell a 6.9% stake in Kfin Technologies. This amounts to about 1.18 crore shares. As per sources, the deal could be worth Rs 1,209.5 crore with a floor price of Rs 1,025 per SHIPYARDCochin Shipyard has entered into a partnership with Drydocks World, a company under DP World. This collaboration aims to improve ship repair and offshore building work in ENGINEERINGGensol Engineering announced that two key people have resigned from their posts. Anmol Singh Jaggi has stepped down as Managing Director, and Puneet Singh Jaggi has resigned from the role of Whole-time Director. Both changes are effective from May 12. advertisement
Mint
13-05-2025
- Business
- Mint
Stocks to watch: Tata Steel, Bharti Airtel, Tata Motors, Paytm among shares in focus today
Shares of Bharti Airtel, Tata Motors, Hero Motocorp, Cipla to remain in focus on Tuesday as companies will be announcing Q4 results today. Tata Steel posted a consolidated net profit of ₹ 1,201 crore for the quarter ending March 2025. Vedanta, led by Anil Agarwal, has announced that it is investigating critical mineral resources in several states, including Maharashtra, Rajasthan, Bihar, Arunachal Pradesh, Karnataka, and Chhattisgarh. US-based private equity firm General Atlantic, via its affiliate General Atlantic Singapore Fund Pte, is expected to sell up to 6.9% of its equity stake in KFin Technologies Ltd, a financial services company, through block deals, according to reports. Antfin is reportedly planning to offload up to a 4% stake in Paytm via block deals, with the total offer valued at approximately ₹ 2,066 crore, according to reports. According to reports, promoter Purnima Desai is expected to sell up to 6.77% of her equity stake in the company through an Offer for Sale (OFS) on May 13 and 14. The company announced that Managing Director Anmol Singh Jaggi and Whole-time Director Puneet Singh Jaggi have stepped down, nearly a month after the market regulator SEBI prohibited them from holding senior roles within the organization. The company announced that its board will review a proposal to raise funds using various instruments—such as equity shares, convertible securities, debentures, or a qualified institutional placement—during its meeting on May 15. The Telangana Pollution Control Board in Hyderabad has issued closure orders to the company, directing an immediate halt to all industrial operations at its factory located in Yadadri-Bhuvanagiri, Telangana. The directive follows an accident that took place at the facility on April 29, 2025. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
13-05-2025
- Business
- Time of India
Stocks in news: Airtel, Tata Motors, Vedanta, Paytm, Aether Industries
Domestic markets opened the week on a strong footing, rallying nearly 4%, driven by supportive global and domestic cues. In today's trade, shares of Airtel , Tata Motors , Vedanta , Paytm , Aether Industries among others will be in focus due to various news developments and fourth quarter results. Airtel, Tata Motors, Cipla , Hero Moto, GRSE Shares of Airtel, Tata Motors, Cipla, Hero Moto and GRSE will be in focus as the companies will announce their fourth quarter results today. IndiGo After a blackout was enforced, an IndiGo flight from Delhi to Amritsar was diverted back to the national capital midway. Vedanta Anil-Agarwal-led Vedanta has said it is exploring critical mineral assets in states like Maharashtra, Rajasthan, Bihar, Arunachal Pradesh, Karnataka and Chhattisgarh. Tata Steel Tata Steel reported a consolidated net profit of Rs 1,201 crore for the quarter ended March 2025. Live Events Allied Blenders Allied Blenders and Distillers to consider fund raising via equity shares or securities on May 15 Aether Industries Promoter Purnima Desai is likely to sell up to 6.77% equity in the company via offer for sale (OFS) on May 13 and 14, according to reports. Paytm Antfin is likely to sell up to 4% in Paytm through block deals. The offer size is about Rs 2,066 crore, according to reports.
