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Lithium Americas shares zoom 90% as Trump administration mulling to buy 10% stake Stock Market News277364

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Started in 2020, she has been producing news on digital platforms for over 4.5 years now. Please consult with an investment advisor before making any investment decisions. Meanwhile, the shares have descended 22.19% in five years. Zooming out further, the stock has delivered 35% returns in a year and 59.54% returns in three years.

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Lithium Americas’ Canadian and US-listed shares were both up about 90% at C$8.04 and $5.80, respectively. The discussions are centered on the DOE loan for Lithium Americas’ Thacker Pass project in Nevada, which is poised to become the largest planned lithium mine in the Western Hemisphere. China produces over 40,000 metric tons of lithium annually, ranking third after Australia and Chile, but dominates refining, processing more than 75% of the world’s lithium into battery-grade material. Shares of Lithium Americas Corp. zoomed nearly 90% on Wednesday after a report said US President Donald Trump’s administration is reportedly seeking to acquire an equity stake of up to 10% in the miner. Use your crypto as collateral with rates as low as 0%.Explore DeFIExpand your horizons in the Discover Section where you can browse through a curated selection of decentralized apps (dApps) in a transparent, uncensored space.

The Reserve Bank of India has imposed certain conditions for its approval. However, the deal is subject to approval from the Securities and Exchange Board of India (SEBI). Following the allotment, Avenir is expected to hold around a 41.23% stake, which could rise to 63.36% after the preferential issue and the open offer. Samaan Capital share price opened at ₹144.93 today, as compared to the previous close of ₹138.51 on Tuesday.

  • The bulk deal data shows that Nishant Pitti offloaded 4.99 crore shares or 1.41 per cent stake in Easy Trip Planners on Tuesday, reported the agency citing the National Stock Exchange.
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  • Arunaben Sanjaykumar Bhatiya picked up 2.40 crore shares of Easy Trip Planners at an average price of ₹15.86 per share.

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The stake was disposed of at an average price of ₹15.68 per share, taking the transaction value to ₹78.32 crore, as per the news report. INVESTING+ Access 9,500+ Wall St stocks and ETFs+ Expand your options with over-the-counter (OTC) securities+ Invest as little as US$10 with fractional shares+ Extended Hours brings stake india you pre-market and after hours trading+ US$3 brokerage on trades up to US$30KASX WITH CONFIDENCE+ Invest in 2,500+ Aussie stocks, ETFs, exchange-traded bonds and more+ Enjoy the security of CHESS sponsorship – your HIN, your shares+ A$3 brokerage on all trades up to A$30KSIMPLE TRADING EXPERIENCE+ Jump between markets with a single tap+ Fund instantly with convenient methods including Apple Pay and Google Pay+ Smooth currency transfers+ Multiple Watchlists for easy price monitoring+ Enhanced charting with interactive insights+ Paperless onboarding and uncomplicated tax reportingSTAKE ACCUMULATE+ An income fund with a target return 2% p.a. Earlier in September 2023, Nishant Pitti sold its 14 per cent stake in the company via open market transactions for ₹920 crore. The bulk deal data shows that Nishant Pitti offloaded 4.99 crore shares or 1.41 per cent stake in Easy Trip Planners on Tuesday, reported the agency citing the National Stock Exchange. Additionally, if Avenir’s shareholding falls below 26% after the transaction, it will need prior RBI approval to increase its stake to 26% or more.

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The stock has gained over 8% in a week; however, it has fallen 4% in a month. Sammaan Capital has remained volatile in the near term amid weak market sentiments. The company further informed that the RBI has also approved the appointment of IHC’s nominee, Alwyn Dinesh Crasta, as a director on the company’s board for a term of up to five years. Sammaan Capital will not be permitted to raise public deposits, and Avenir must complete the share transfer within one year, failing which the approval will lapse.

Shares of Sammaan Capital jumped 11% in Wednesday’s trading session after the central bank’s nod to Abu Dhabi-based International Holding Company (IHC) for picking a majority stake in the non-banking finance company (NBFC). The strong increase in the white metal’s price is expected to boost company margins, as relatively stable production costs, coupled with higher selling prices, result in increased profits per unit sold. Hindustan Zinc remained higher for the second session on Tuesday, surging another 4% to settle at a record high of ₹727.20, as the rally in silver prices showed no signs of abating. Its products include zinc ore, lead-zinc concentrate, zinc metal, lead metal, cadmium metal, silver metal, and sulphuric acid. The company specialises in the exploration, mining, and smelting of zinc, lead, and other non-ferrous metals. The company had a market value of $744.5 million as of last close on the New York Stock Exchange.

The company, in an exchange filing, announced that the Reserve Bank of India (RBI) gave its approval for Avenir Investment RSC, a subsidiary of IHC, to acquire a 66.65% stake in Sammaan Capital. Based on Hindustan Zinc’s closing price today of ₹727.80 apiece, the proposed transaction is valued at ₹4,885 crore. Mining giant Vedanta today said its duly authorized Committee of Directors has approved the sale of up to 6,70,00,000 equity shares of Hindustan Zinc, representing a 1.59% stake, through an offer-for-sale route.