1h ago
Promoters and PE funds offload nearly ₹58,000 crore in August as India’s stock supply swells
In August, Indian-market promoters and private equity funds together sold shares worth nearly ₹58,000 crore. PE/VC exits rose fivefold month on month to ₹18,095 crore, the highest level since 2026, while promoter sales totalled ₹12,440 crore. The five largest PE exits and the three largest promoter sell-downs each made up about 70% of their respective category totals. Over the same period, the Nifty 500 posted its third straight monthly gain.
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5h ago
SIS raises Updater Services stake to 8.19% after steady open-market buying
Industry peer SIS has steadily increased its open-market holding in Updater Services to 8.19%. The move comes even as UDS saw FY26 margin compression, with Q3 dipping to 2.7% and net profit falling year on year. UDS has nonetheless generated strong operating and free cash flow, and posted a three-year profit CAGR of 35.3%. The accumulation has drawn attention because a competitor may be signaling it sees signs of a bottoming in profitability.
5h ago
6h ago
Aurelia Metals posts FY26 net profit up 69% and declares 1.0 cent fully franked final dividend
Aurelia Metals reported FY26 net profit after tax up 69% year on year to $82.7 million, as revenue rose 40% to $480.2 million and EBITDA increased 55% to $189.2 million, lifting its EBITDA margin to 39.4%. Operating cash flow grew 10% to $142.8 million, while the company ended the year with no drawn debt and a cash balance of $143.9 million. Group gold output reached 50.4 thousand ounces, exceeding revised guidance, and the board declared a fully franked final dividend of 1.0 cent per share.
6h ago