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gazetteweekly · 1 month

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Tata Sons Plans to Offload 0.65% Stake in TCS for Nearly Rs 9,400 Crore

Introduction:

In a strategic move, Tata Sons, the holding company of the prestigious Tata group, has announced its intention to sell a portion of its stake in tech giant Tata Consultancy Services Ltd (TCS). The decision to offload 2.34 crore shares, amounting to 0.65% equity of TCS, aims to raise approximately Rs 9,362 crore through block deals. This move, while significant, comes at a slight discount to the current market value, highlighting Tata Sons’ strategic approach to capital management.

Key Details:

The proposed floor price for the sale stands at Rs 4,001 per share, representing a discount of 3.46% to Monday’s closing price on the BSE.

Citigroup and JPMorgan are appointed as joint bookrunners for facilitating the share sale process.

The sale of shares will not significantly impact Tata Sons’ majority stake in TCS, with promoters collectively holding 72.41% of the company.

The recent stake sale by BAT plc in ITC Ltd serves as a notable precedent, showcasing strategic divestment maneuvers in the market.

Financial Insights:

Tata Sons’ robust financial performance reflects its substantial market value and financial flexibility. With investments totaling Rs 11.2 lakh crore as of March 2023, Tata Sons maintains a strong position with its investments outweighing total borrowings by a significant margin.

The company’s stellar financial results in FY 2023, with a 47% rise in standalone revenue and a 28.89% growth in profit, underscore its sound financial management.

Notably, Tata Sons’ income stream primarily stems from its investment in TCS, which recorded a substantial profit of Rs 39,106 crore in FY 2023.

Conclusion:

Tata Sons’ decision to offload a portion of its stake in TCS reflects a calculated move to optimize its capital structure while maintaining a strong financial position. The proposed sale, coupled with the company’s robust financial performance, underscores Tata Sons’ strategic foresight and commitment to shareholder value. As the transaction unfolds, market observers will keenly monitor its impact on both Tata Sons and TCS, anticipating further strategic developments in the dynamic landscape of corporate finance.

#Tata Sons #Tata Consultancy Services #TCS #Stake Sale #Block Deals

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joepaul2396 · 2 years

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We offer you the best platform to stake and earn loads of earnings with different types of rewards and bonuses and variety of benefits. #Stake your #Crypto and get ready to fly!!!✈️ we #offer you 3 stages of #staking rewards with best #APY returns. 1) 90 days =8% APY 2) 180 days =20% APY 3) 365 days =45% APY We also have referral rewards and #bonus included. Our #referral program includes 5 levels of referral #rewards, for the people you invite, you get the percentage of their deposit. . #mntg #monetas #mntgtothemoon #tothemoon #Earn #apy #cryptoworld #bitcoin #bnb

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bennyjoseph · 2 years

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The Last date of the MNTG staking pool contest has been extended from 25th JUNE to the 5th of August. HURRY UPP!!! and grab your seat for Thailand Tour. 🎉🎉#STAKE #MNTG NOW & qualify for a #Freetrip to Thailand..🎉🎉 Win A Free Trip To #Thailand! #TakeTheThaiventureReload The campaign begins on 25th June 2022 and ends on 5th August 2022.… The top 100 Participants will be rewarded with accommodation for (4Nights/5Days) in Thailand. Terms & Condition :- Staking tenure should be 365 days For all self and direct Minimum 5 Referral Required The winning trip dates will be disclosed soon. .7 Days Left, Offer Ends Soon!! . #mntgtoken #monetas #tothemoon #monetasglobal #crypto #btc #cryptoworld #cryptocurrency #contest #cryptos #bitcoin #eth

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shlipayadavblog · 2 years

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Honasa buys majority stake in skincare co Dr Sheth's at Rs 28 cr valuation

Honasa Consumer Pvt. Ltd. (HCPL), the parent company of Mamaearth and The Derma Co., and the house of brands for personal care, has acquired Dr Sheth’s, a premium skincare brand. Through this acquisition, HCPL has control of the majority stake in Dr. Sheth’s at a valuation of Rs 28 crore. The primary round of funds will be directed to accelerate the future growth of the brand.

While HCPL has control of the majority stake in Dr Sheth’s, the firm’s founder Dr Aneesh Sheth will continue to lead the business and product innovation for the brand.

“We will utilize our expertise and proficiency in digital marketing to accelerate the growth and scale growth for Dr. Sheth’s,” said Varun Alagh, co-founder and CEO, Honasa Consumer Pvt. Ltd. “We are confident that we will make it a Rs 100 crore run rate brand in 2 years.”

The expertise of Dr Sheth’s in creating specialized skincare for Indian consumers, coupled with the digital expertise of HCPL, will help scale the business of Dr. Sheth’s. This will further strengthen the leadership of HCPL in digital-first brands.

Commenting on the partnership Aneesh Sheth said “Their experience as a house of brands will also help us optimize our innovation and bring about a great range of skincare that combines the best of both worlds - science and nature,” said Dr Aneesh Sheth, founder of Dr Sheth’s.

#SKINCARE #STAKE SALE #COMPANIES #NEWS

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monicasharmalove · 2 years

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Future Enterprises sells 25% stake in joint venture insurance firm

Future Enterprises has for Rs 1,266.07 crore sold its 25% stake in Future Generali India Insurance Company (FGIICL) to its joint endeavor accomplice Generali Participations Netherlands N. V.

Future Enterprises will keep on holding 24.91 percent stake in FGIICL. "As per receipt of the vital endorsements from administrative and administrative specialists, the said exchange has been culminated on fifth May," it said in a stock trade documenting.

Whenever it declared the arrangement in January, the organization told trades it has gotten offers from expected purchasers for its leftover 24.91 percent premium in FGIICL.

The organization said in January it is investigating choices for the offer of its 33.3 percent premium in the life coverage JV. It expected to finish the exit of its holding in the protection joint endeavor in a period bound way to meet its responsibility under One Time Restructuring Plan executed under August 6, 2020 roundabout gave by Reserve Bank of India comparable to goal system for Covid-19 related pressure.

Future Enterprises has defaulted on reimbursement of Rs 2,911.51 crore of advances to its moneylenders, missing 30 days of survey period. The organization was expected to pay a total measure of Rs 2,911.51 crore between March 23 and March 31, 2022, to different consortium banks and moneylenders, it had prior said in an administrative recording....KNOW MORE

#Future Enterprises #Stake sale #Future Generali India Insurance Company

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that-gay-jedi · 11 months

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Today a trainee working the same position as me transferred a call back into the pool because they didn't know how to do what the client was asking, the call came to me, it was a relatively easy/routine task for a more experienced agent so I finished it off.

Later in my shift my manager told me "put on your superhero cape because you just saved somebody's job", turns out the mistake the trainee had made before transferring would have been very illegal had it remained and by re doing it correctly a breach of national regulations was prevented.

Working in banking is fuckin scary.

#i'm actually glad banking in canada is more heavily regulated than most industries #it's the reason my work can't ask us to use the unethical sales techniques a lot of other call centers force agents to use #regulations that protect consumers also help protect workers from their employer #but im always nervous about how easy it is to accidentally get fined/sued/fired/reprimanded and/or cause major inconvenience to a person #short of surgery i can't think of many jobs where the stakes are so high

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zouitens · 2 years

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I need to get in this show somehow just to protect him

#nobody makes my guillermo cry #i hear stakes are on sale at amazon right now guillermo 👀#nandor needs his 700 year old ass beat #wwdits spoilers #guillermo de la cruz

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zealousfurykryptonite · 7 months

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Best High Limit Casinos in India | India Best Live Casinos for High Rollers

#desc:#https://ask.godotengine.org/user/vegas11 #High Roller Online Live Casinos India | India Live Casino for High Rollers #INDIA TOP HIGH ROLLER CASINOS 2023 #Online casinos that take great pride in their VIP programs and take a transparent approach towards what their high rolling customers receiv #India Casino Live has gone on and did the heavy lifting for you.#We’ve reviewed and rated the most reputable high paying casinos and narrowed the list down to a chosen few. It is your job – or pleasure to #you are one of the most valuable players in both land-based and online casinos. However #in high roller casinos lower sales and deposits are necessary so that you can take advantage of the attractive advantages.#High rollers are a very special group of players #because these customers always move a lot of money. The higher the demands that these players place on their high roller casinos. Being a p #this also means being able to benefit from exclusive bonus offers and promotions. Nowadays it is worth maximizing the stakes #because the casinos have first-class offers for this group of players.#highstakescasino #highstakescasinoindia #highstakescasinos #highstakesgambling #highstakesgamblinggames #highstakescasinogambling #highstakescasinoblackjack #highstakescasinoslots #highstakespokercasino #highrollercasino #highrollercasinoapp #highrollercasinodownloadforandroid #highrollercasinoonline #highrollercasinogames #highrollercasinodownload #highrollercasinoslots #highrollercasinopinballmachine

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likedaylighht · 1 year

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Just a friendly reminder that putting celebrities on pedestals is wrong and we need to remember they are allowed to be imperfect humans, especially when the person in question is being crucified for *checks notes* not changing the music industry and destroying a corporate monopoly that every other artist gets to use without issue simply bc she has too many fans that want to see her perform

#like yes she could acknowledge the situation and yes I think things could have gone better #but at the end of the day she is quite literally the only artist that has this issue #no other concert ticket sales is this much of a mess and nobody blinks an eye #but they are burning Taylor at the stake for this mess as if she’s the one who made the rules

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dbloom · 2 years

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My conversation today with Jam City co-founder Josh Yguado was great fun, and delved into issues around their blockchain-based mobile game Champions: Ascension, NFTs, coins, social components, staking, virtual land sales, and much else. If you missed it, you can watch it here: https://youtu.be/-BCwZJUjTXU

#NFTs #coins #social components #staking #virtual land sales

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destinyudogie · 10 months

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i can't believe i'm going to war tomorrow

#my plan is to stake out the 11am sale ... check twitter maybe even get in the queue and see #then im going in for the 1pm dates #and if its very difficult ill be trying every sale from now through friday #but id really like an august london date. very much #anyway. good luck fellow soldiers

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incrediblesweatermachine · 1 year

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walked into uniqlo found a cute tank top. $15. sad! well there’s other tank tops

#im not spending 15 bucks on a tank top from a fast fashion place also i just spend way too much money in the first two days of the month #i bought some orchids on sale but orchids are still expenny #i like getting the old ones where the flowers are alreafy coming off because they always grow them staked up. but i want to grow them so #the flowers hang down like they would naturally i just think it looks so nice #and i had to buy some planters for them which were admittedly not super expensive but still like $10

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bennyjoseph · 2 years

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coffeebeanwriting · 1 year

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Reasons your Novel Might get Rejected

Thinking of publishing traditionally? Here are some reasons why a publishing agency might reject your book. Don’t let any of these reasons keep you from writing, but rather help you strengthen your craft!

1) Your target audience is unclear. Are you writing for middle-grade boys or adult females? Suburban single mothers or war-enthusiast who love everything weaponry and explosive? Of course, your story can end up appealing to multiple categories of people (take Harry Potter for example). But if you know who your prime reader is, you’ll be able to use the correct language, voice, and reading level for them.

2) Your query letter or synopsis is lacking and doesn’t hook the agency. A query letter and synopsis are two different things presented to an agent or publishing company. You must be able to properly sum up your book in an interesting way for an agency to want to peruse your novel. You have to pique their interest.

A query letter is a brief summary used to capture the attention of an agent/publishing company. A sales pitch one might say. It typically contains your story's main hook, some details about the book (genre, similar books, etc.), and some facts about yourself. If the query letter is successful, the agency will go on to read your synopsis/pages.

A synopsis is a summary of your entire book from start to finish and what happens in it (including character arcs and plot). This is all done in less than two pages.

3) Predictability. It may be predictable characters, or the plot itself. Either way, predictability isn't good. What's the point of reading a book if you can already predict the events? Conflict is the heart of all stories and if your book lacks conflict/stakes, it can become predictable. Give your characters inner conflict just as much as you do physical. Make it difficult for readers to know what your character will do.

4) Your story starts way too early. From what I’ve researched, a huge reason why books get declined is that they start wayyy before anything happens. You’re revealing tons of background information or your character is doing pointless things when they should be approaching the inciting incident. The inciting incident is the scene that launches your character on their journey and should happen sooner than later!

5) You aren’t balancing showing vs. telling. Contrary to popular belief, a novel should have a bit of both (but... probably more showing). If you spend every scene in extreme detail, you risk slowing your story down. If you tell everything, you aren’t immersing your reader.

6) You’re spending too much time in Act 1. A story consists of three Acts. The beginning, middle, and end. The rising action/set-up, the middle/climax, and the resolution. Don’t spend too much time in Act 1 setting things up. You’ll want to properly pace your story so that it doesn't drag on too long before hitting the heart of the story.

7) Simply... bad writing/grammar. Also, consistent POV is important. This one is self-explanatory, but if you care about what happens in your story, you should also care about the grammar and prose! Typically, hiring editors is a step you must do before taking your novel to a publishing agency.

Instagram: coffeebeanwriting

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nftpeddle · 2 years

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#NFTPeddle #NFT Marketplace #Create #Mint #Stake NFT #nft art for sale #Whitelabel nft platform

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reportwire · 2 years

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Jain Irrigation to merge global biz Temasek-owned Rivulis; stock zooms 17%

Shares of Jain Irrigation Systems (JISL) surged 17 per cent to Rs 43.90 on the BSE in Wednesday’s otherwise weak market, amid heavy volumes. The spurt comes after the company said it will merge its International Irrigation Business (IIB) with Temasek-owned Rivulis Pte Ltd to cut consolidated debt. The cash proceeds will be used to pay off Rs 2,700 crore of overseas debt. In the past two trading…

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#Jain Irrigation debt #Jain Irrigation share price #jain irrigation stake sale #jain irrigation Temasek deal #markets #Rivulis #Temasek

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