Top market news today - 25th September 2024

Top gainer: Power Grid 360▲ 10 (+2.8%)
Top loser: LTI Mindtree 6,116 ▼ 227 (-3.5%)

:star: EaseMyTrip block deal: Shares slump 15%, hit 52-week low as 2.6% equity changes hands
EaseMyTrip block deal, EaseMyTrip share price today: Easy Trip Planners (EaseMyTrip) shares continued to slide and hit their 52-week low level of ₹34.72 apiece on the BSE on Wednesday, September 25, after reports said that shares worth ₹176.5 crore of the company changed hands in the block deal window. Last seen, the stock was trading 14.7% lower at ₹35 on the BSE. As many as 4.6 crore shares, representing a 2.6% stake in EaseMyTrip, changed hands at a floor price of ₹38 apiece, reports added. Read more

:star: Solar Industries receives NCLT nod for the Scheme of Amalgamation to merge arm with Rajasthan Explosives and Chemicals
Solar Industries India’s shares were trading higher by over 2% at ₹11,666 per share after the company announced that it has received approval from the National Company Law Tribunal (NCLT) for the Scheme of Amalgamation to merge Rajasthan Explosives and Chemicals with the company’s wholly-owned subsidiary, Emul tek. The company reported that following the filing of the order copy with the Registrar of Companies, the transferor company, Rajasthan Explosives will stand dissolved. Read more

:star: Zomato shares drop up to 3% as Swiggy reportedly gets SEBI’s nod to launch IPO
Shares of Deepinder Goyal-led Zomato, the restaurant aggregator and food delivery company, dropped as much as 2.98% to ₹282.95 apiece on the BSE on Wednesday, September 25, amid reports that its rival Swiggy has received the approval from the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO) in November. Founded in 2004, Swiggy is headquartered in Bangalore and operates in more than 580 cities. However, reports suggest Swiggy is looking to raise ₹11,000 crore with a fresh issue worth ₹5,000 crore. Read more