The block trade sale of ITC shares will reduce the single-largest shareholder's position to roughly 25.5%.
The IPO is solely comprises an offer-for-sale (OFS) of shares worth ₹650 Crore
Nykaa is reporting healthy increase in its fashion AOV (up 18% YoY) but its NSV to GMV ratio is also falling consistently.
It was originally reported in December that Prataap Snacks promoters were in talks to sell a majority stake.
Analysts of IIFL Capital Services prefer MBFSL, VBL, United Spirits, Bikaji, GCPL and Sula.
The company's board of directors resolved to call a meeting on February 27 to discuss a proposal for a second interim dividend
According to Nestle, the company's success has been driven by consumer trends and a growing inclination towards brand acceptance in both large and small villages.
The net profit was mostly in line, although revenue fell short of street estimates.
It temporarily outpaced Hindustan Unilever's Rs 6.09 trillion valuation before settling lower at Rs 5.9 trillion.
Moreover, the company’s net profit fell 10% on a sequential basis.
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