Monday, August 31
HCL Capital Private Limited emerged as the biggest acquirer of British American Tobacco's (BAT) stake in ITC Hotels. The NBFC company linked with the Shiv Nadar's HCL Group on Friday bought 14.58 crore shares worth Rs 2,998 crore via a block deal. In separate block deals, marque investors Nippon India Mutual Fund, Societe Generale, Morgan Stanley, Abu Dhabi Investment Authority (ADIA), BNP Paribas and Vanguard Group also took significant stakes.The Rs 3,856 crore worth block deals saw BAT's wholly-owned subsidiaries, Tobacco Manufacturers (India) Limited, Myddleton Investment Company Limited and Rothmans International Enterprises Limited selling the issued ordinary share capital in the ITC promoted company. Between them, they sold 18.75 crore shares.Tobacco Manufacturers India sold 12.34 c
Home-grown FMCG firm Dabur on Friday said it has received an observation letter with "no adverse observations" from the BSE over its Scheme of Amalgamation of Sesa Care.Home-grown FMCG firm Dabur on Friday said it has received an observation letter with "no adverse observations" from the BSE over its Scheme of Amalgamation of Sesa Care."We would like to inform you that the Company has received observation letter with 'no adverse observations' from BSE Limited ("BSE") on December 4, 2025," Dabur said in a regulatory filing.An observation letter from the BSE is a formal document issued to a listed company, usually regarding a significant corporate action like a merger, amalgamation, or restructuring, stating the exchange's review and "no adverse observations" on the proposed scheme, allowing
