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Burmans' open offer for acquiring an additional 26% stake in Religare Enterprises Ltd. received a weak response, with only 0.07% of shares tendered. Despite the lack of interest, their shareholding will increase to 24.02% after the open offer. The process involved multiple entities and regulatory complaints.
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Banking and financial services major Goldman Sachs on Wednesday bought shares of leading stock exchange BSE for Rs 401 crore through an open market transaction. According to the bulk deal data available on National Stock Exchange (NSE), US-based Goldman Sachs through its arm Goldman Sachs (Singapore) purchased 7.28 lakh shares of BSE Ltd.
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Given broader market strength, a buy-on-dips strategy remains favourable if Nifty holds its recent low of 22,725. The 21-Day Simple Moving Average at 23,230 is a key hurdle, and a breakout above this level could confirm a near-term bottom reversal, said Hrishikesh Yedve of Asit C. Mehta Investment Intermediates.
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