Tips to save IPO listing gains tax!
In the years 2023 and 2024, many IPOs brought huge earnings for the investors. But tax also has to be paid on this! What is the tax rule on booking listing gains from IPO? How can tax liability on listing gains be reduced? How will the tax be calculated on selling IPO shares?
Brigade Enterprises surged 4.59% to Rs 266.60 after Vanguard Funds Public Limited Company purchased 0.79% stake in the company via bulk deal on NSE yesterday
As per the bulk deal data on the NSE, Vanguard Funds Public Limited Company (Vanguard FTSE All World ETF) purchased 16,72,090 shares, or 0.79% stake, of Brigade Enterprises at an average price of Rs 257.33 per share.
Brigade Enterprises is Brigade group’s flagship company. Brigade group was established in 1986, with property development as its main focus.
On a consolidated basis, Brigade Enterprises reported a net loss of Rs 16.12 crore in Q3 FY21 as against net profit of Rs 49.33 crore in Q3 FY20. Net sales during the quarter increased by 16.7% year-on-year (YoY) to Rs 644.63 crore.
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