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Zomato Slips The Most In Two Weeks As Analysts Flag Slowdown In Monthly Users
Shares of Zomato Ltd. fell nearly 8.5%, the steepest intraday decline in over two weeks after analysts flagged a slowdown in the company’s monthly transacting users and gross order value.
Max Healthcare To Acquire Stake In Eqova Healthcare
Max Healthcare Institute Ltd. announced acquisition of equity stake in Eqova Healthcare.
- Shares equivalent to 26% of stake in Eqova shall be acquired in the first tranche. The cost of acquisition of tranche 1 shares if Rs 47.18 crore.
- The acquisition of remaining equity stake will be completed in a phased manner.
- Eqova has long-term exclusive rights to aid development of and provide medical services to a 400-bed hospital to be built on Patparganj, Delhi.
Hero Motocorp Shares Recover After Weak Opening
Shares of Hero MotoCorp fell nearly 3%, the steepest intraday decline in four sessions, after the company reported net income that met the average analyst estimate, for the quarter ended December, post market hours Thursday.
LIC IPO receipts part of revised divestment estimates
Speaking with FE earlier this week, finance secretary TV Somanathan had said that a very conservative estimate of LIC IPO receipt is included in the revised divestment estimates as neither the valuation nor the size of the issue was known at the time of fixing the estimate. The revised divestment estimate stands at Rs 78,000 crore.
EbixCash Plans To File IPO For As Much As $500 Million This Year,
EbixCash plans to file for a $400 million-$500 million India IPO before the end of the year, IFR reported, citing people with knowledge of the transaction it did not identify.
GlaxoSmithKline Pharma Slips On Q3 Miss [08-02-2022]
Shares of GlaxoSmithKline Pharmaceuticals Ltd. shed over 2.5%, the steepest fall inover a week afterthe company reported net income forthe third quarter that missedthe average analyst estimate, for the quarter-ended December.