In Chennai Petroleum Corporation, foreign investor Polunin Emerging Markets Small Cap Fund LLC sold 7.87 lakh shares, or a 0.52 percent stake, at an average price of Rs 887.16. Polunin Emerging Markets Small Cap Fund LLC held a 1.12 percent stake in the company til March 2024.Indian Oil Corporation holds the highest stake in Chennai Petroleum Corporation, as they have 51.89 percent stake.
Open FlipGujarat State Petronet Ltd (GSPL) on Wednesday (May 8) reported a 22.2% year-on-year (YoY) increase in net profit at ₹663.1 crore for the fourth quarter that ended March 31, 2024. In the corresponding quarter, Gujarat State Petronet posted a net profit of ₹542.8 crore, the company said in a regulatory filing. The company's revenue from operations increased 5.9% to ₹4,522.2 crore against ₹4,270.
Open FlipNew Delhi: The Serum Institute of India (SII) on Wednesday said it has stopped making and supplying covid-19 vaccine Covishield after AstraZeneca, the British drugmaker that helped develop the vaccine, announced it too was withdrawing its version of the jab worldwide.Both companies cited lack of demand for their move. The vaccine used in Europe is called Vaxzervia.
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