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Vanguard Group, a US-based investment management company, has acquired a 1.1 per cent stake in the supermarket chain Vishal Mega Mart for 655 crore through open market transactions. Vanguard Group purchased over 5.04 crore equity shares in two tranches at an average price of 129.74 apiece. Following the stake buy, shares of Vishal Mega Mart rose 2.
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Tata Capital is nearing its 17,200 crore IPO launch as SEBI has cleared its draft papers. The IPO, one of the largest in the financial sector, includes a fresh share issue and an offer for sale by Tata Sons.
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US President Donald Trump said Friday that Iran had a "maximum" of two weeks to avoid possible American air strikes, as Israel claimed it has already set back Iran's presumed nuclear programme by at least two years. Trump also said he's unlikely to ask Israel to stop its attacks to get Iran back to the table.
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