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Distressed debt aggregator Acre Asset Reconstruction Company (ARC) plans to sell Nagarjuna Fertilizers and Chemicals, seeking ₹1,600 crore from bidders. The sale includes the Kakinada urea plant and other assets. However, the company faces issues with gas supply, litigation, reimbursements, and land usage norms.

Verlinvest Asia sold its entire 8.34% stake, constituting 70,42,275 shares at Rs 576.78 apiece, according to bulk deals data on the National Stock Exchange. Through the sale of its entire stake, the foreign investor accrued over Rs 400 crore.

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Belgium-based Verlinvest – which has investments in India’s Wakefit, Epigamia, Veeba, Purplle and Byju’s among others, has sold the 70.42 lakh shares via a bulk deal on the NSE at a weighted average price of 576.78 rupees a piece on Monday.

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With Binance set to list more meme coins in 2024, they will likely list these five top meme coins next.

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The floor price for the sale has been set at Rs 1,230 a share, which is at a discount of nearly 8% to the current market price of the stock. On Monday, Whirlpool shares closed nearly flat on the BSE at Rs 1,332.

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