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Economic Times
2 hours ago
- Economic Times
Zee shareholders approve appointment of Divya Karani, Saurav Adhikari to board
Shareholders of Zee Entertainment Enterprises Ltd. (ZEEL) have approved the appointment of Divya Karani as an Independent Director and Saurav Adhikari as a Non-Executive Director to the company's Board. ADVERTISEMENT The appointments were cleared through a remote e-voting postal ballot that concluded on July 8. More than 75% of the votes cast were in favour of the appointment. According to the company, the approvals reflect shareholders' confidence in the board's direction and its efforts to drive value creation and long-term growth. The appointments are part of a broader initiative by ZEEL to reinforce its governance framework and align Board composition with strategic priorities. Ms. Karani brings over 30 years of experience in advertising and media, having previously served as CEO of Dentsu Media, South Asia. She currently serves as Chairperson and Executive Director at Kulfi Collective, a modern media network focused on content, commerce, and Adhikari also brings more than three decades of experience in operations and investment roles across the technology, FMCG, and consumer durables sectors. His previous roles include leadership positions at HCL, Unilever, and PepsiCo. He is currently the Founder and Senior Partner at Indus Tech Edge Fund I, a growth fund focused on globalizing India's technology on the appointments, R. Gopalan, Chairman of ZEEL, said: 'We are grateful to the shareholders for recognising the value that Ms. Karani and Mr. Adhikari will bring to the Board. Their sharp business acumen, coupled with their creative expertise from respective sectors, will only strengthen the Board's directional guidance to the management team as the Company progresses towards the targeted aspirations. We remain committed towards fortifying the Company and maximizing shareholder value, through all our decisions.' ADVERTISEMENT The company's board recently approved a preferential issue of convertible warrants worth up to Rs 2,237.44 crore to promoter group entities Altilis Technologies and Sunbright Mauritius Investments, raising their stake from 3.99% to 18.39%, subject to shareholder approval at a 10 July EGM via video conferencing. (You can now subscribe to our ETMarkets WhatsApp channel)
News18
3 hours ago
- News18
Gold ETFs: All You Need To Know About Gold BeES
Last Updated: The Gold BeEs ETFs offer an opportunity to investors to invest in the yellow metal without holding it in physical form. Gold prices have surged significantly in the last few months. Currently, the 24 Karat gold costs Rs 98,840 per 10 grams. It could be a suitable opportunity for investors to diversify their portfolio by investing in the yellow metal. The investors can also gain from the surge in the gold price. It's no longer necessary to buy gold in physical forms, like jewellery, to invest in the precious metal. Several instruments offer an opportunity these days to invest in gold in a digital form. Gold BeES stands for Gold Benchmark Exchange Traded schemes, which are open-ended Exchange-Traded Funds (ETFs) and reflect the price movements of physical gold, which could be a suitable choice. As exchange-traded funds, the Gold BeES can be bought and sold on the National Stock Exchange (NSE) and BSE during market hours on all trading days. A single unit of a Gold BeES is equivalent to 0.01 gram of gold of 99.5% purity in dematerialised or digital form. Investors can explore the Gold BeES ETFs in the cash segment of both the BSE and NSE. The ETFs can be purchased or sold at the prevailing market price. Gold BeES ETFs: Key Details Gold BeES ETFs can be traded during market hours like the stocks of any company. The investors can buy the ETFs at the real-time market price per unit. For investing in Gold BeES ETFs, the investors need to have a Demat account. When you buy one unit of a Gold BeES ETF, you invest in 0.01 gm of gold of 99.5% purity. The units purchased are stored in your Demat account. So, the gold is secured in a digital form and you can redeem the units when needed. This allows high liquidity and flexibility to investors, while offering an opportunity to invest in gold of 99.5% purity. Investors can expect a transparent transaction process when buying the Gold BeES ETFs. Unlike physical gold, investors need not worry about storage in the case of such ETFs. High liquidity: These exchange-traded funds for gold buying can be easily sold at the prevailing market price during a trading session. Cost Effective: Unlike physical gold investments, the brokerage fee in the case of this scheme is lower for the investor. There is also no entry or exit load. The digital form of the yellow metal also helps investors to save more by avoiding the additional cost of dealing in physical gold, like opting for a bank locker. Flexible Transaction Model: Gold BeES can be bought and sold at any time during trading hours and stored in your Demat account. The prices are determined by the market factors and there is no hidden cost. Buy In Minimal Quantities: Unlike physical gold, investors can buy the Gold BeES in minimal quantities depending on their needs. One can start as low as a purchase of 0.01 gram of digital gold.
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Business Standard
4 hours ago
- Business Standard
Nexus Venture sells 4.63% stake in India Shelter Finance for ₹425 crore
Venture capital firm Nexus Venture Partners on Tuesday divested a 4.63 per cent stake in India Shelter Finance Corporation for₹ 425 crore through open market transactions. US-based Nexus Venture Partners, through its affiliates -- Nexus Opportunity Fund II and Nexus Ventures III -- offloaded a total of 50 lakh shares, amounting to a 4.63 per cent stake in Gurugram-based India Shelter Finance Corp, as per the bulk deal data on the NSE. The shares were disposed of in the price range of ₹850.85-850.88 apiece, taking the combined deal value to ₹425.45 crore. After the latest transaction, Nexus Venture Partners' holding in India Shelter Finance Corp has come down to 10.62 per cent from 15.25 per cent. Meanwhile, Kotak Mahindra Mutual Fund (MF) purchased 45.28 lakh shares or a 4.2 per cent stake in India Shelter for ₹385 crore. As per the data, the shares were picked up at an average price of ₹850.87 apiece on the exchange. Details of the other buyers of India Shelter's shares could not be ascertained on the NSE. India Shelter Finance Corp's shares slipped 0.23 per cent to close at ₹880 apiece on the NSE. In a separate bulk deal on the BSE, SBI Mutual Fund bought 1.8 million shares or 0.57 per cent stake in Coimbatore-based Elgi Equipments for ₹96 crore. The shares were acquired at an average price of ₹532 apiece. Details of the sellers of Elgi Equipments' shares could not be identified on the BSE. SBI MF's holding in Elgi Equipments rose to 3.78 per cent from 3.21 per cent. Shares of Elgi Equipments went up marginally to end at ₹534.15 apiece on the BSE.
