Pressure on mutual funds to reduce their holdings or any limitations on increases could be an overhang on the stock of the merged entity, said the report.
Kotak is still evaluating offers, including from other investors, but it prefers retaining 'control of the company' after the stake sale, the report said
Shares of Eros International Media rallied more than 19 per cent to Rs 30.20 on Wednesday, before giving up their gains partially to trade at Rs 28.29 at 12.15 pm.
While the jury is still out on Go First making a comeback, the crisis triggered by India's fourth-largest airline might throw the country's reviving aviation sector into a prolonged tailspin.
Madhav Sheth, the former CEO of Realme India, has officially announced his departure from the company amidst speculation about his potentially joining Honor India.
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