The deal, which is subject to specified closing measures, would allow Dhanuka to secure rights to commercialize these items in India.
Zomato's current foreign holding stands at 50.48% with FDI at 5.25% and FII derived from the balance percentage.
Meanwhile, shares of Adani Ports and Adani Power rose 4.6%, Adani Green Energy rose 6.4%, and Adani Total Gas rose 5%.
As a result, investors who purchased the stock at least one day before the ex-date, which in this case is Friday, will be eligible for bonus shares.
The acquisition was done on November 22, 2024, through cash consideration during market hours.
The arrangement now allows RNEL to investigate potential for shareholder benefit, such as dividend payments.
This order was issued to RVNL in collaboration with SCPL, of which RVNL is the dominant stakeholder (74% interest).
He will continue on the board as a director pending shareholder approval, and the board has approved his desire to prioritise Zee's operational development plan.
FPIs sold $388 Million in Indian equities in the truncated week, taking FPI selling in stocks in last 7 weeks to $14.4 Billion
The revenues of Escorts Kubota for Q2 FY24 are at ₹2,488.5 crores, with the growth minimal to ₹2,478 crores against the same period last year.
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