11h 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.
11h ago
12h ago
Flight Centre to redeploy $61.7 million from Pedal Group exit as Middle East tensions hit profits
Flight Centre reported EBITDA of $275 million, up 24.4% from the prior financial year, as total transaction volume rose 4.7% to nearly $26 billion. The company said Middle East tensions cut about $60 million from its fourth-quarter pre-tax profit and reduced transaction volume through the United Arab Emirates by 15%. Flight Centre also said it will redeploy $61.7 million raised from selling its stake in Pedal Group, as it refocuses on its core travel business.
12h ago
15h 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.
15h ago