Sachin Gupta

In accordance with its aim of generating better growth and profitability as a major media and entertainment organization across South Asia, Zee Entertainment Enterprises' board of directors authorized the company's merger with Sony Pictures Networks India (SPNI). In a stock exchange filing on September 22, Zee stated, “The shareholders of SPNI would hold a majority shareholding in the merged entity.” “As part of the acquisition, SPNI's owners will also inject growth capital into the company, resulting in SPNI having about $1.575 billion at closure to pursue future development opportunities.” SPNI shareholders will own 52.93 percent of the merged business after the proposed merger, while Zee shareholders will own 47.07 percent. Punit Goenka will remain the merged company's managing director and CEO. The Sony Group will be able to nominate a majority of the board of directors for the merged firms. The Zee board of directors approved the execution of a non-...

A company's stock is bought and sold outside of formal trading channels on the grey market, also known as the parallel market. It's an illegal market where shares are traded long before they're available for purchase. Grey markets have been around for a long time, and many traders and investors believe in them. This is due to the fact that it allows regular investors and traders to purchase or sell shares even before they are listed, if they believe the stock will rise or fall in value. Does it really matter if it's illegal? The premium at which IPO shares are exchanged in the grey market is known as the IPO grey market premium (GMP). According to retail investors, GMP is a very good determinant of whether an IPO will do well or not. What is Kostak rate? The Kostak rate is the price at which you can sell an IPO application for a predetermined price, regardless of whether you gain allocation or not. The GMP determines the degree of interest in an IPO among ...

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Telecom stocks are in the spotlight after the government approved major telecom reforms. The Union Cabinet placed a four-year moratorium on the payment of Adjusted Gross Revenue (AGR) dues on September 15, bringing relief to the debt-ridden carriers Vodafone Idea and Bharti Airtel. The administration hopes to increase the spread and penetration of broadband and telecom connectivity in the country with the reform initiatives. With the latest set of reform measures, the government hopes to increase 4G spread, infuse liquidity, and create a favorable environment for investment in 5G networks. Vodafone Idea's stock rose the most on the BSE, reaching the upper circuit. It was up Rs 0.89, or 9.97 percent, to Rs 9.82. It reached a high of Rs 9.82 and a low of Rs 9.82 during the trading day. There were 28,452,960 shares on the market with pending buy orders, but no sellers. Indus Towers, Reliance Communications, Vindhya Telelink, Sterlite Tech, and Bharti Airtel were among the othe...