Devyani Acquires 81% in Sky Gate; China Opens 11 Sectors & More
- Share.Market
- 8 min read
- 24 Apr 2025
Highlights
Benchmark equity indices ended their seven-day winning streak, with the Nifty 50 down 0.34% and the BSE Sensex slipping 0.39%. Nifty Pharma led sectoral gains, rising 1.08%, while Nifty Realty was the biggest loser, falling 1.41%.
Headline indices
Sectors at a Glance
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What moved the market?
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Stocks In the News
Devyani International to acquire 80.72% stake in Sky Gate Hospitality, owner of Biryani By Kilo, Goila Butter Chicken, and The Bhojan, expanding its presence across cities.
Lupin received U.S. FDA approval for generic Tolvaptan Tablets, securing 180-day exclusivity. The drug, used for kidney disease, targets a $1.47 billion U.S. market and will be made in Nagpur.
Syngene International shares price fell sharply after a drop in Q4 FY25 net profit and a cautious FY26 growth and margin outlook, disappointing investors.
India & The World
- US Treasury Secretary expects India to finalize a trade deal with the US before the July 8 deadline, when the 90-day pause on a 26% tariff expires.
- China revised its “negative list,” reducing restricted sectors for foreign investors from 117 to 106 to boost market access amid economic slowdown, property debt crisis, and rising U.S. tariff pressures.
- China launched its first special sovereign bonds for 2025, aiming to raise CNY (Chinese Yuan) 286 billion to support the economy amid U.S. trade tensions and defend its 5% growth target.
Back to Basics
What is Import Dependency?
Import dependency refers to how much a country relies on buying goods and raw materials from other countries to meet its needs.
India is highly import-dependent for essentials like crude oil, electronics, and gold. This means global price swings or supply issues can directly impact our economy, from rising fuel prices to expensive gadgets.
A weaker rupee makes imports costlier, adding pressure on inflation and widening the trade deficit.
For investors, sectors like oil & gas, autos, and chemicals are most exposed, which is why reducing dependency is a key focus in policies like ‘Make in India’.
IPO Corner
Mainline IPO
| Company | Date | Issue Price | Minimum Investment |
| Ather Energy | Opens on April 28, 2025, and closes on April 30, 2025 | ₹304 to ₹321 per share | ₹13,984 |
SME IPO
| Company | Date | Issue Price | Minimum Investment |
| Iware Supplychain Services | Opens on April 28, 2025, and closes on April 30, 2025 | ₹95 per share | ₹1,14,000 |
Corporate Actions
| Stock | Ex-Date | Record Date | Event Type | Event Details |
| HCL Technologies | 28 Apr 2025 | 28 Apr 2025 | Interim Dividend | ₹18.00 |
| Lloyds Engineering Works | 28 Apr 2025 | 28 Apr 2025 | Right Issue | ₹32 Per Equity Share |
| 360 ONE WAM | 29 Apr 2025 | 29 Apr 2025 | Interim Dividend | ₹6.00 |
