Emami 's shares advanced 14.80 percent to close at Rs 407.60 on BSE. During the day, it jumped 17.64 percent to Rs 417.70
The Emami Group on Monday said its promoters have sold 10 percent stake in the flagship firm Emami Ltd for around Rs 1,600 crore
Future Retail Ltd’s shares jumped some 6.2 percent on Monday, their biggest intra-day percentage gain since 25 May, 2018.
Apart from Rakesh Jhunjhunwala, investors such as Kedaara Capital, WestBridge, Temasek and Prudential have also put in their bids
"Ten years ago, I believed in Kunal and Rohit's vision to create a successful company in India and was excited to be their very first investor," Glass wrote in an email.
Snapdeal Board is now expected to meet next week
The shares were acquired at an average price of Rs 316 apiece
The deal between Snapdeal and Flipkart, if completed, would mark the biggest acquisition in the Indian e-commerce space.
Wipro's family office has objected to special payments to two of its co-founders Kunal Bahl and Rohit Bansal and two early investors
At full subscription, the quota set aside for qualified institutional buyers was oversubscribed 1.88 times, while retail portion has been oversubscribed 1.02 times
This would be the biggest initial public offering after Coal India. The state-run firm had hit the capital markets in 2010 to raise over Rs 15,000 crore.