Overview
- Kotak Mahindra Bank’s 1-for-5 stock split took effect on the Jan 14 record date, with the quoted price adjusting from ₹2,132 to about ₹425 per share without changing investor holdings.
- Spice Lounge Food Works locked at a 5% upper circuit at ₹34.56 on the BSE after disclosing plans to acquire 100% of Singapore-based Prisha Infotech for $150,000 within 12 months to bolster tech-led solutions for food service.
- Shanti Educational Initiatives incorporated wholly owned subsidiary Shanti Learning Initiatives Pvt Ltd on Jan 12 with a Gurugram registered office, investing ₹1 lakh for full ownership as the stock shows a six-month return of about 94% per BSE Analytics.
- RDB Infrastructure & Power rallied up to 20% and traded near ₹83.25 on heavy volume of roughly 52.65 lakh shares after its board approved subscribing to 70% of Solar Agro-Parks’ equity for ₹70,000 to expand into solar energy.
- Ventura Securities issued a ‘buy’ on Yes Bank with a ₹32.1 target, flagging a recovery trajectory and implying roughly 42% upside from the prior close reported in the coverage.