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According to the latest shareholding pattern available with the exchanges, as of 30 June 2023, 61.6% of the company's shareholding is with the promoter & promoter group, and 38.4% with the public.
Nuvama does not see any material impact of the block deal in the near term in the MSCI. In a note, the brokerage further said that the promoter stake sale could slightly result in a weight-up in the next few days in the FTSE index, potentially resulting in an inflow of $5.5mn and 0.9 million shares getting added to the said index.
On Monday, 1762 stocks advanced, 1937 declined and 156 remained unchanged, with an advance decline ratio of 0.90 on the Bombay Stock Exchange (BSE), indicating a negative closing of stocks in broader markets. Profit taking in the banking, FMCG, metals, and oil & gas equities caused markets to struggle for the second consecutive session.
On Monday, 1762 stocks advanced, 1937 declined and 156 remained unchanged, with an advance decline ratio of 0.90 on the Bombay Stock Exchange (BSE), indicating a negative closing of stocks in broader markets. Profit taking in the banking, FMCG, metals, and oil & gas equities caused markets to struggle for the second consecutive session.
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