General Trading Chat

[timepass]

Today, the gap seems to have worked in the right direction. Maybe a gap down opening tomorrow ??

There is a VWAP gap, not very big at present. Let's see how it plays out.

View attachment 35551

 

[siddhant4u]

https://www.business-standard.com/a...or-rs-1-000-1-015-a-share-119061700212_1.html

Piramal Enterprise Ltd (PEL) has sold its entire 9.96 per cent stake in Shriram Transport Finance (STFC), the NBFC arm of Chennai-based Shriram Group.

PEL has been looking to exit from the Shriram group of companies, including STFCS, Shriram City Union and Shriram Capital. Sources said Piramal has just started the exit process after STFC, it will sell stake in SCUF and Shriram Capital.

PEL confirmed that it has diluted the entire stake in STFC, but did not disclose the value. Market sources said the company sold its shares for around Rs 1,000-1,015 a share, which is a 40 per cent return in six years.

Piramal owns 20 per cent in Shriram Capital and 10 per cent each in Shriram Transport Finance and Shriram City Union. While Shriram Capital is an unlisted holding company, Shriram Transport specialises in financing second-hand trucks while Shriram City Union is into consumer lending.

Piramal's interest in Shriram begain in 2013 when he acquired 10 per cent stake in Shriram Transport Finance Company for Rs 1,636 crore. A year later he picked up 20 per cent stake in Shriram Capital for Rs 2,014 crore and he became the Chairman in 2015. Piramal also acquired 10 per cent stake in Shriram City Union Finance for Rs 801 crore.

He also led IDFC-Shriram Group talks for a potential merger but talks failed due to a difference over valuation.

Ajay Piramal, founder of PEL, became the Chairman of Shriram Capital, which is the holding company of Shriram Group, which got AUM of around Rs 1 trillion.

The estimated value of PEL's holding in Shriram Capital, Shriram Transport Finance and Shriram City Union Finance was about Rs 9,000 crore.

 

[timepass]

Let's see what is the effect of the tariff war on Indian goods and services.

https://www.gsmarena.com/huawei_sales_to_drop_up_to_60_after_the_us_trade_ban-news-37608.php

Huawei expects international sales to drop by up to 60% after the US trade ban

 

[timepass]

poor connection today, both airtel and jio

Staying away as much as possible.

 

[siddhant4u]

list of who owns debt of RCOM

 

[iwillwin]

poor connection today, both airtel and jio

Staying away as much as possible.

Kabhi kabhi isse b fayda hota hai

 

[nil.nik.9777]

list of who owns debt of RCOM

Chota bhai ne china walo ko bhi choda nahi.

 

[siddhant4u]

Chota bhai ne china walo ko bhi choda nahi.

Bada bhai ne Chevron, US ko chuna lagaya tha... chota koi kam nahi..

 

[timepass]

Some more good news for ADAG

Chinese Banks demand $2.1billion from Anil Ambani

https://timesofindia.indiatimes.com...on-anil-ambanis-rcom/articleshow/69836491.cms

 

[timepass]

https://economictimes.indiatimes.co...-of-billionaire-club/articleshow/69839119.cms

Anil Ambani, world’s sixth richest in 2008, falls out of billionaire club



Read more at:
//economictimes.indiatimes.com/articleshow/69839119.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst