Sensex 29182.95 -498.82 -1.68%
Nifty 8808.9 -143.45 -1.6%
Everstone Capital Advisors and Emerging India Fund (EIF) - a fund by ICICI Bank have together invested $23.5 mn in Sohan Lal Commodity Management Private Limited for a 25.55% and 6.93% stake,according to reports.
Reports stated that Mayfield Fund and Nexus India Direct Investments (II) (Nexus) have also participated in the fresh round of funding.
India Infoline News Service / 09:04, Jan 22, 2015
The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.