Wednesday, September 09
Shakti Pumps India, the solar pump and EV motor manufacturer that delivered jaw-dropping 16x returns in the previous two years, is now bleeding in 2025. The smallcap stock that rewarded brave investors with 523% gains in 2024 alone, turning every lakh invested into over ₹6 lakhs, has crashed into bear market territory, losing 24% of its value this calendar year.Despite the bruising selloff, institutional money is betting big. In July, Shakti raised ₹292 crore through a QIP at ₹918 per share, backed by PineBridge, LIC MF, and Bank of India MF. The funds will help build a 2.2 GW solar DCR cell and PV module plant in Pithampur, Madhya Pradesh, signaling long-term expansion even as near-term stock momentum stalls."After delivering around 6x returns in 2025, Shakti has been in a consolida
U.S. soft drinks company Coca-Cola is working with investment bank Lazard to review options, including a potential sale, of British coffee chain Costa, which it acquired in 2018 for over $5 billion, Sky News reported on Saturday. Reuters could not immediately verify the report. Coca-Cola, Costa, and Lazard did not immediately respond to requests for comment. Atlanta-headquartered Coca-Cola has held initial talks with a small number of potential bidders for Costa, including private equity firms, Sky News reported, citing unidentified sources. The report said indicative offers are expected in early autumn, while noting that Coca-Cola may ultimately choose not to proceed with a sale. Costa Coffee operates in 50 countries, with more than 2,700 coffee shops across the UK and Ireland and over 1,
