Elon Musk sells $5 billion of Tesla shares to pay taxes
According to Forbes, the 4.5 million shares represent around 3% of his total interests in the electric vehicle company, which accounts for the majority of his estimated $281.6 billion fortune.
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According to Forbes, the 4.5 million shares represent around 3% of his total interests in the electric vehicle company, which accounts for the majority of his estimated $281.6 billion fortune.
The company’s profits before interest, tax, depreciation and amortisation (Ebitda) margin dwindled 338 bps year-on-year (YoY) to 13.8 per cent, largely due to greater raw material expenses.
The trading volumes witnessed a five-fold jump, mixed with 3 million equity shares on the NSE and BSE platforms by 02:31 pm.
Tata Consultancy Services and Reliance Industries successively emerged as top companies to race for the $100 billion marks, which they achieved by the year 2018, becoming India's first.
Today, equity indices hiked at an all-time high, with the benchmark BSE Sensex surpassing the physiological mark of 55,000 directed by the profit gained in banking and financial stocks.
Shares of Tata Group's chemical and technology services branches, Tata Chemicals and Tata Elxsi have excellently performed by generating within the period of one year.
As of June 2021, the BNP Paribas Arbitrage held a 3.04 per cent stake in the company which are equal to 1,40, 42,887 equity shares.
The other proposed investors would be General Atlantic Singapore Fund FII Pte Ltd and Alpha Investments V Pte Ltd.
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