Connect with us
DAPA Banner

Business

Form 6K ELDORADO GOLD CORP /FI For: 23 March

Published

on

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Business

Dollar Tree secures $500 million term loan, ends revolving credit facility

Published

on


Dollar Tree secures $500 million term loan, ends revolving credit facility

Continue Reading

Business

This Time, the Hype Around Self-Driving Cars Feels Real

Published

on

This Time, the Hype Around Self-Driving Cars Feels Real

This Time, the Hype Around Self-Driving Cars Feels Real

Continue Reading

Business

Scott Nicol and the Leadership Playbook for Schools

Published

on

Scott Nicol and the Leadership Playbook for Schools

Leading a School District Like a Modern Organization

Public education rarely gets discussed in the same way as business leadership. Yet running a school district involves strategy, budgeting, operations, and community management. Few people understand this better than Dr. Scott V. Nicol, superintendent of Ellington Public Schools in Connecticut.

Nicol’s approach blends data, civic engagement, and practical leadership. Under his watch, the district has navigated pandemic disruptions, pushed for policy reforms, and launched community initiatives designed to strengthen trust and civil discourse.

“It is the role of the Superintendent to interact with all stakeholders wishing to learn more about the school district,” Nicol said during a community forum in Ellington. “Our goal is always to partner for the betterment of all Ellington students.”

His leadership story shows how modern school systems increasingly operate like complex organizations—balancing performance, accountability, and community expectations.

Advertisement

Scott Nicol’s Leadership Philosophy in Education

Scott Nicol often talks about the idea of the “Ellington Family.” In public messages to the community, he frames education as a shared effort between schools, families, and local organizations.

“Our family celebrates progress,” Nicol wrote in one community letter. “Valuing the perspective and experiences of all, even when we are uncomfortable and might not fully understand.”

His leadership philosophy centers on two key ideas:

  • Open dialogue
  • Shared responsibility

He believes schools should foster both academic learning and civic understanding. That philosophy shaped one of his most visible initiatives.

The Seeds of Civility Initiative

In 2019, Nicol helped launch Seeds of Civility, a community initiative designed to encourage respectful dialogue.

Advertisement

The program outlines seven guiding principles:

  1. Listen, observe, and reflect
  2. Assume good intentions
  3. Allow emotional reactions
  4. Speak one’s truth
  5. Communicate face to face
  6. Find similarities and value differences
  7. Debate issues while respecting people

The concept gained recognition beyond the town. In 2024, Ellington Public Schools received the Governor M. Jodi Rell Center for Public Service Civility Award from the University of Hartford.

The award recognized efforts to promote respectful civic discussion during a time when public discourse often becomes polarized.

For Nicol, the initiative is less about theory and more about everyday interactions.

“Educators must create the conditions for respectful dialogue,” he explained. “Students should exercise free speech while balancing that responsibility with active listening.”

Advertisement

Navigating the Pandemic and Student Learning

Like most school leaders, Nicol faced major operational challenges during the COVID-19 pandemic. Many districts struggled with learning loss and shifting policies.

Ellington took a different path.

District leaders prioritized in-person learning in fall 2020, even when many schools relied heavily on hybrid models.

They also invested in:

Advertisement
  • Remote learning infrastructure
  • Student intervention programs
  • Better conferencing technology
  • Data systems that gave teachers real-time performance insights

The strategy produced an unusual result.

According to state data, Ellington was the only district in Connecticut to increase overall student growth in grades 3–8 and SAT scores in both English language arts and mathematics compared with pre-pandemic levels.

Local leaders described the outcome as a community effort.

“We were hopeful this strategy would pay dividends for our students,” said Board of Education Chair Jennifer Dzen when the results were released.

Managing Budgets and Public Accountability

Superintendents also function as financial managers. Nicol regularly engages in budget discussions at both local and state levels.

Advertisement

In 2024, he testified before the Connecticut Appropriations Committee about changes to the state’s Education Cost Sharing (ECS) formula, which determines funding for school districts.

He warned lawmakers that sudden funding shifts can make planning difficult for local governments.

“Significant changes to ECS grant amounts in such a short period are problematic for municipalities and school districts to reasonably forecast budgets,” Nicol said in his testimony.

His recommendation was simple: phase in funding adjustments more gradually.

Advertisement

The approach reflects a broader leadership theme—predictability matters when managing public systems.

Health, Nutrition, and Student Well-Being

Nicol has also supported initiatives related to student health.

Ellington school leaders raised concerns about chemicals and ultra-processed foods in the National School Lunch Program, asking federal officials to review regulations and subsidies tied to school meals.

Locally, the district promotes a wellness initiative called Ellington Unplugged, which encourages cooking meals from scratch and reducing reliance on processed foods.

Advertisement

District leaders say the effort aims to improve both physical health and academic performance.

Building Community Partnerships

Another part of Nicol’s leadership style involves engaging with community groups.

At a public forum held at the Longview Fellowship Center, he answered questions from residents on issues ranging from teacher recruitment to technology use in early grades.

About 100 people attended the event.

Advertisement

The session was moderated by Brent Walder, a local church leader who emphasized collaboration between faith organizations and the school system.

Nicol welcomed the approach.

“Organizations in Ellington can be positive partners with the school district,” he said during the discussion.

Safety and Operational Leadership

Operational leadership also includes security decisions.

Advertisement

Ellington Public Schools employs armed School Security Officers, including retired law enforcement officials.

In 2024 the district hired retiring Vernon Police Chief John Kelley as a school security officer. The move reflected the district’s broader focus on safety planning and collaboration with local government.

Town officials described the partnership between municipal leaders and the school district as a key factor behind Ellington’s strong operational record

A Superintendent’s Long-Term Focus

Education leadership rarely follows a simple playbook. School systems operate at the intersection of policy, community expectations, and student outcomes.

Advertisement

Nicol’s approach focuses on steady systems rather than quick fixes.

He often reminds the community that progress requires patience and cooperation.

“The Ellington Family will not be divided,” he wrote in one message to residents. “We will continue to come together by keeping the lines of communication open.”

For Nicol, leadership starts with conversation—and the belief that communities work best when people stay at the table.

Advertisement

Continue Reading

Business

Newcastle’s Sapphire HR buys Manchester firm after Northern Powerhouse funding

Published

on

Business Live

The company which aims to remove the burden of HR services has had its second round of funding from the Smaller Loans fund

Pictured from left to right: Joe Vera-Sanso, Executive, Corporate Finance at Clive Owen LLP, Sophie Ayre, Corporate Associate Solicitor at Swinburne Maddison LLP, Craig Malarkey, Partner at Swinburne Maddison LLP, Michael Dobson, Founder and Managing Director at Sapphire HR and Susan Snowdon, Investment Executive at NEL Fund Managers.

Pictured from left to right: Joe Vera-Sanso, Executive, Corporate Finance at Clive Owen LLP, Sophie Ayre, Corporate Associate Solicitor at Swinburne Maddison LLP, Craig Malarkey, Partner at Swinburne Maddison LLP, Michael Dobson, Founder and Managing Director at Sapphire HR and Susan Snowdon, Investment Executive at NEL Fund Managers.(Image: NEL Fund Managers)

A North East HR firm has acquired a company in Manchester after securing a second round of investment from a Northern Powerhouse fund. Newcastle-based Sapphire HR has received a six-figure sum from the NPIF – NEL Smaller Loans fund, which managed by NEL Fund Managers as part of the Northern Powerhouse Investment Fund II (NPIF II).

The sum has led to the deal for Sapphire to buy Manchester-based Heads HR Limited, as well as refining its marketing strategy in a bid to accelerate expansion. Sapphire HR, which provides HR solutions designed to alleviate the stress of HR management for small business owners, received its first round of investment in 2024.

Advertisement

Since then, the business has recruited two new HR advisers and significantly grown its client base. It is now looking to accelerate its next phase of growth in the education sector and to develop specialist teams within primary care, social care, the NHS and education.

Michael Dobson, founder and managing director at Sapphire HR, said: “I’m delighted to have worked with the teams at NEL Fund Managers, Clive Owen and Swinburne Maddison on this funding round. The unfailing support and guidance throughout the process have been invaluable, enabling us to realise our growth ambitions, and expand by acquiring another specialist team to provide HR services to the education sector and schools across the country from this team’s base in Manchester.

“The team at Heads HR have built a loyal client base over the last 10+ years and we look forward to working closely with the team over the coming months as the business moves forward with this exciting new chapter. This acquisition positions us to capitalise on the significant opportunities ahead as we continue to strengthen as a business and deliver HR solutions to a UK-wide client-base.”

Susan Snowdon, NEL investment executive, said: “As a previous investee, I was delighted to work with Michael and the team again and continue our strategic partnership. With this new investment, the business is well positioned to drive sustainable revenue growth, and I wish them all the best.”

Advertisement

The company was introduced to NEL Fund Managers by Michael Cantwell, corporate finance partner at Clive Owen LLP, who oversaw the transaction alongside Craig Malarkey, partner at Swinburne Maddison LLP. They were supported by Joe Vera-Sanso, corporate finance executive, and Sophie Ayre, corporate associate solicitor.

The £660m Northern Powerhouse Investment Fund II, which is operated by British Business Bank, covers the entire North and provides loans from £25,000 to £2m and equity investment up to £5m to help a range of small and medium sized businesses to start up, scale up or stay ahead.

Sarah Newbould, senior investment manager at the British Business Bank said: “Having initially supported Sapphire HR at the end of 2024, we’re proud to see NEL providing further funding to this ambitious business through NPIF II. NPIF II is committed to backing businesses throughout their growth journey, allowing them to pursue new opportunities. It’s investments like this that can help to broaden a business’s reach, unlock new markets, create high-quality jobs and, ultimately, build a stronger Northern economy.”

Advertisement
Continue Reading

Business

Spotify Releases ‘Loud & Clear 2026’ Report Highlighting Record $11 Billion Royalty Payouts

Published

on

Spotify and the major music company Universal have inked a new deal

STOCKHOLM — Spotify on March 11, 2026, unveiled its annual “Loud & Clear” report, showcasing record-breaking royalty payments of $11 billion to the music industry in 2025 and underscoring the platform’s role in fueling a more diverse, global music economy as artists from 75 countries earned at least $500,000 from the service last year.

Spotify and the major music company Universal have inked a new deal
AFP

The update, timed ahead of Spotify’s 20th anniversary, comes amid the company’s push for profitability through subscription price adjustments and feature expansions. It highlights 13,800 artists generating $100,000 or more in royalties from Spotify alone in 2025 — up nearly 1,400 from the prior year — and more than 1,500 surpassing $1 million, a figure touted as evidence of broadening success beyond traditional superstars.

Spotify emphasized that independent artists and labels accounted for half of all royalties paid out, reinforcing its claim as a driver of industry growth. The platform now represents roughly 30% of recorded music revenue globally, with payouts rising more than 10% in 2025 while other sources grew around 4%. Lifetime royalties since 2006 now total nearly $70 billion, the company reported.

The report spotlighted regional surges, including Brazilian funk and K-pop’s explosive impact, as creators from diverse markets spawned major hits. Brazilian funk saw significant streaming gains, while K-pop continued dominating charts, reflecting Spotify’s push into emerging genres and territories.

The release followed strong financial momentum. In February 2026 earnings, Spotify reported record 751 million monthly active users — up sharply thanks to the 2025 Wrapped campaign and enhanced free-tier features — and 290 million paid subscribers. Revenue reached €4.53 billion ($5.39 billion) for the quarter, with subscription growth offsetting a dip in ad-supported income. The company forecasted continued user gains, projecting 8 million more monthly actives in Q1 2026, pushing totals near 759 million.

Advertisement

Co-CEOs Alex Norström and Gustav Söderström described 2026 as a “year of raising ambition,” signaling aggressive innovation. Recent enhancements include AI-powered tools like Prompted Playlists, Exclusive Mode for bit-perfect desktop playback, Taste Profile editing for refined recommendations, and Page Match for seamless audiobook transitions from physical books to digital listening.

Spotify’s audiobook push gained traction, with listening hours up 37% year-over-year. The company partnered with Bookshop.org to sell physical copies directly in the app for U.S. and U.K. users, earning affiliate fees while supporting independent bookstores. Video podcasts saw lowered monetization thresholds — now requiring just three episodes, 2,000 consumption hours and 1,000 engaged listeners — alongside new sponsorship tools.

Pricing changes rolled out in January 2026 added to revenue optimism. The U.S. Individual Premium plan rose $1 to $12.99 monthly (effective February billing cycles), with Student plans increasing to $6.99. Similar hikes hit Estonia and Latvia, part of occasional adjustments to sustain artist support and platform improvements. Analysts estimated the U.S. increase alone could add roughly $500 million annually.

Critics, however, persist on payout equity. A March 21 CBS News segment revisited streaming economics, noting Spotify’s average $0.003–$0.005 per stream trails competitors like Apple Music ($0.01) in some estimates. While the company disputes figures and stresses overall creator earnings growth, debates continue on fair compensation amid rising subscription costs.

Advertisement

Spotify’s ecosystem expansions — music videos for Premium users, group chats, real-time sharing, concert ticket booking and “About This Song” stories — aim to deepen engagement. AI integration accelerated development, with top engineers reportedly not writing code manually since late 2025 thanks to generative tools enabling over 50 features in the prior year.

The “Loud & Clear” update arrives as Spotify navigates a competitive landscape with rivals like Apple Music and YouTube Music. Yet its scale, global reach and data-driven personalization position it strongly, especially with emerging markets driving listener growth.

As Spotify eyes further profitability — gross margins hit a record 33.1% in recent quarters — the report serves as both celebration and defense of its model. By highlighting payouts and diversity, the company counters longstanding artist criticisms while promoting its central role in music’s digital future.

With user milestones, royalty records and ambitious plans, Spotify’s 2026 trajectory points to sustained dominance, even as pricing and compensation discussions linger.

Advertisement
Continue Reading

Business

FICO shares drop on Hawley’s probe into mortgage pricing

Published

on


FICO shares drop on Hawley’s probe into mortgage pricing

Continue Reading

Business

Rototherm expands with acquisition of Mainstream Measurements

Published

on

Business Live

The acquisition, the value of which has not been disclosed, marks a strategic step in expanding Rototherm’s product range and technical expertise.

Mainstream Measurements.

Port Talbot headquartered manufacturer of measurement and control instrumentation, Rototherm has expanded via acquisition.

It has acquired Yorkshire-based Mainstream Measurements a supplier of specialist measurement solution using ultrasonic sensors to gauge how water flows in places like pipes, rivers, and drainage systems. The acquisition, the value of which has not been disclosed, marks a strategic step in expanding Rototherm’s product range and technical expertise.

Advertisement

Mainstream Measurements has built a strong reputation providing solutions across a range of industrial measurement applications. By joining the Rototherm group, Mainstream Measurements will benefit from increased manufacturing capability, broader distribution, and long-term investment in product development.

READ MORE: We need a plan to revive and renew struggling universities in WalesREAD MORE: Pettigrew Bakeries in major expansion

Tarkan Conger,director of Rototherm, said:“We are delighted to welcome Mainstream Measurements into the Rototherm group. The company’s technical knowledge, strong customer relationships, and complementary product portfolio make this an excellent strategic fit. This acquisition allows us to broaden our offering while continuing to deliver the high standards our customers expect.

“This is a highly complementary acquisition strengthening our ultrasonic flow division, which last year grew 35%, ultrasonics will now account to around 50% of our revenue. We are also expecting good growth in 2026 in our defence business which is going from strength to strength.”

Advertisement

Bev Bruce, Director of Mainstream Measurements , added: “This is an exciting step forward for Mainstream Measurements. Rototherm shares our values and our focus on quality and service, which made this a great fit. Our customers can expect the same personal service they’re used to, backed by the additional strength and resources of a larger group.”

Mainstream Measurements will continue to operate under its existing name.

Continue Reading

Business

Leading Tours & Activities APIs for Banks & Loyalty Programs in 2026

Published

on

Banks are reducing their appetite to fund small and medium-sized companies, according to brokers handling loan applications.

Banks and loyalty teams are no longer evaluating tours and activities APIs just to “add things to do.” The real goal is usually broader: drive engagement, deepen retention, and keep the customer inside your own app or rewards journey.

That is why this category can feel confusing. Some providers are B2B or B2B2C infrastructure platforms. Others are consumer marketplaces that expose partner APIs. And some offer hybrid models with APIs, widgets, portals, or white-label layers. For banks and loyalty programs, choosing the right provider type usually matters more than choosing the biggest catalog. In this category, operational fit usually matters more than headline inventory size.

What banks and loyalty programs should look for first?

For this buyer type, the first questions are usually operational rather than cosmetic. Who is the merchant of record? Can members earn or redeem points inside the experience flow? Who handles customer service, cancellations, and disputes?

Do you need a full API, or would a widget or white-label path get you live faster?

For example Travel Curious explicitly highlights loyalty-program integration, points redemption, merchant services, dispute management, and fraud controls, while Viator draws a clear line between affiliate and merchant models.

Advertisement

Provider types: affiliate vs booking vs distributor

Affiliate is the lightest model. It is usually faster to launch, but you get less control over checkout and redemption design. For example Viator’s affiliate API is content-only, redirects traffic to Viator for the transaction, and keeps Viator as merchant of record and customer-service owner.

Booking or merchant models are stronger when you want a native experience inside your own loyalty or banking environment. For example Viator’s Merchant API keeps the transaction on the partner’s site, with the partner controlling the customer journey. While Bridgify centers on partner-owned embedded experiences through API and white-label launch paths for banks, loyalty programs, and digital platforms.

Distributor models sit somewhere in between. They typically expose inventory, pricing, and booking tools through a partner program, but access is often gated. For example Tiqets describes its Distributor API as a fit for distribution partners including OTAs and corporate benefits or gifting platforms, while GetYourGuide requires a partner account to access its marketplace API.

Integration checklist for banks and loyalty teams

Before committing to a partnership, ask yourself these questions:

Advertisement
  • Can users earn or redeem points, cashback, or other incentives inside the flow?
  • Who is merchant of record?
  • Who handles refunds, disputes, and post-booking support?
  • Is the launch path API-only, or are widget / portal / white-label options available?
  • Are pricing, availability, and vouchers handled in real time?
  • Does the product support multi-currency and localization?
  • Is access instant, qualification-led, or performance-gated?
  • Is the supply broad enough for your use case, or mainly attraction ticketing?

Quick comparison of platforms to consider

Platform Best for Provider type Integration model Why shortlist it Main watch-out
Bridgify Banks, credit cards, digital wallets, fintechs, and loyalty ecosystems B2B2C experiences infrastructure API + white-label + AI-led recommendation layer Built around embedded experiences, with access to 1M+ experiences and launch paths designed for loyalty, financial, and other enterprise partners. Best fit when you want infrastructure and merchandising depth, not just a lightweight affiliate feed
Travel Curious Access / Amplify Curated or premium loyalty programs and branded experience commerce B2B experience commerce platform API + portal + widget + white-label layers 70,000+ products, private-tour strength, loyalty integration, and merchant services More curated footprint than mass-market marketplace stacks
Viator Partner API Loyalty storefronts choosing between affiliate and merchant Marketplace partner program Affiliate API or Merchant API Clear split between redirect-led affiliate and on-site transactional merchant models, with loyalty and redemption called out as a use case Merchant mode means more operational ownership, and access is qualification-led
Tiqets Distributor API Attraction-led rewards catalogs and corporate benefits/gifting Distributor API Content + availability/pricing + booking Strong fit for attractions, museums, and ticketed inventory Booking access is reviewed based on performance, so it is not always a day-one full-booking setup
GetYourGuide API Brands that want marketplace access through a partner API Marketplace partner API Partner API Direct access to the GetYourGuide marketplace Partner account required, and the positioning is less explicitly loyalty-focused

1) Bridgify: Best for embedded loyalty and bank experiences

Bridgify

is one of the clearest B2B2C infrastructure play in this shortlist .It is positioned as an embedded experiences infrastructure platform that gives partners access to 1M+ experiences through flexible launch models, including API, Whitelabel, and an AI agent layer.Bridgify is a great option and is built for loyalty programs, banks, credit cards, digital wallets, travel tech platforms, and other enterprise brands that want embedded content inside their own customer journeys.

That matters because banks usually do not need “just another marketplace feed.” They need a way to launch embedded experiences through API or white-label, attach incentives such as cashback, gift cards, or points redemption, and avoid managing multiple suppliers themselves.

2) Travel Curious Access / Amplify: Best for curated and points-enabled programs

Travel Curious

is one of the more relevant non-OTA options for this audience because its stack maps well to branded experience commerce. Travel Curious Access offers 70,000+ products, instant availability, API / portal / widget launch options, and multi-currency support, while its widget model names Travel Curious as merchant of record.

Advertisement

Amplify goes a step further for loyalty-style use cases. Travel Curious says rewards or loyalty programs can be integrated into the experience flow so customers can earn and redeem points, and it also highlights merchant services, dispute management, fraud controls, and white-label activation.

The trade-off is that Travel Curious looks more curated than mass-market. That can be a strength for premium programs and private-tour use cases, but it is a different proposition from a pure volume-driven marketplace feed.

3) Viator Partner API: Best for teams deciding between affiliate and merchant

Viator

is still one of the clearest examples of why provider type matters. Its API Solutions page explicitly says it supports airlines, OTAs, e-commerce companies, and loyalty brands, then splits the offer into Affiliate API and Merchant API. The affiliate version is content-only and redirects traffic to Viator, while the merchant version keeps the transaction on the partner’s site and lets the partner own customer support and pricing control.

Advertisement

For loyalty programs, that makes Viator useful because the choice is straightforward. If you want a lower-lift launch, affiliate is easier. If you want tighter brand control and a more native redemption flow, merchant is the stronger route. The main watch-out is that the two models come with very different operational responsibilities.

4) Tiqets Distributor API: Best for attraction-heavy rewards and benefits

Tiqets is strongest when the catalog leans toward museums, attractions, and other ticketed experiences. Its API program describes a direct connection to its catalog, structured content, real-time pricing and availability, booking and cancellation support, and dedicated technical and commercial support.

Their Distributor API is aimed at distribution partners including OTAs, corporate benefits and gifting platforms, electronic distribution systems, and destination management companies.

There is an access nuance worth noting. Tiqets says new partners usually begin with affiliate portal access plus Content and Availability APIs, and eligibility for the Booking API is reviewed based on performance. So Tiqets can be a strong specialist fit, but it is not always a fully open booking API from day one.

Advertisement

5) GetYourGuide API: Best for marketplace-led access

GetYourGuide remains relevant because its API gives partners access to the GetYourGuide marketplace for tours and activities. Its API page is also very direct that partners need to contact GetYourGuide to create an account and gain access.

For banks and loyalty programs, the appeal is recognizable marketplace inventory through a partner API. The limitation is that, based on the current partner-facing page, GetYourGuide is less explicitly positioned around loyalty mechanics than providers such as Bridgify, Travel Curious, or Viator’s loyalty-language partner materials.

Which platform type fits which program?

If you need embedded “earn-and-burn experiences” ( a system where users can both collect points and redeem them within the same platform) inside a bank, card, wallet, or loyalty app, the most obvious B2B / B2B2C fits here are Bridgify and Travel Curious. Both are framed around partner owned journeys, and Travel Curious explicitly adds loyalty program integration and points redemption.

Advertisement

If you want the clearest choice between a lighter affiliate launch and a deeper merchant setup, Viator gives the most obvious solution. If your rewards mix is mainly attractions and museums, Tiqets is the sharper specialist. If your team mainly wants access to a large consumer marketplace through a partner API, then GetYourGuide belongs on your shortlist.

Final take

The best tours and activities API for a bank or loyalty program is usually not the one with the loudest consumer brand. It is the one whose provider type matches your operating model. For embedded, partner-owned experience commerce, Bridgify and Travel Curious stand out as the most B2B-led fits in this list. Viator is the clearest comparison when you want to choose between an affiliate and a merchant. Tiqets is especially strong for attraction-heavy benefits or gifting use cases. GetYourGuide remains relevant when marketplace access is the main goal.

Advertisement
Continue Reading

Business

Sam Altman steps down from Helion Energy board as OpenAI eyes partnership

Published

on


Sam Altman steps down from Helion Energy board as OpenAI eyes partnership

Continue Reading

Business

Brand Concepts bulk deal: Ashish Kacholia exits microcap as stock price erodes 36% in a year

Published

on

Brand Concepts bulk deal: Ashish Kacholia exits microcap as stock price erodes 36% in a year
Ace investor Ashish Kacholia on Monday sold his entire stake in Brand Concepts via a bulk deal valued at Rs 3.9 crore. The shares were purchased by Suryavanshi Commotrade Private Limited, a Kolkata-based unlisted commodity trading and financial services firm.

Brand Concepts is a fashion retail company, specialising in curating travel gear, handbags and lifestyle accessories.

Kacholia offloaded nearly 1.8 lakh shares in the company that represented 1.44% equity. The shares were sold at a price of Rs 217 apiece, which was at a 5% discount over the Friday closing price of Rs 228.90 on the BSE.

The stock today ended at Rs 215.50, falling, by Rs 13.40, down 6% from the previous close.

Advertisement

Also read: BEW Engineering bulk deal: Ashish Kacholia exits SME company as stock slumps 44% in a year


Kacholia’s stake sale comes following a significant underperformance in the microcap counter. It has plunged 36% over a one-year period amid continued weakness in the overall smallcap segment. It has slipped below its 50-day and 200-day simple moving averages (SMAs) of Rs 271 and Rs 315, respectively, according to Trendlyne data.
Company’s current market capitalization stands at Rs 269 crore.Kacholia, fondly called the ‘Big Whale’ has investments in at least 50 stocks as per the public shareholding data. The net worth of his portfolio is Rs 2,420 crore according to Trendlyne. Some of his portfolio stocks include Shaily Engineering, Xpro, Safari Industries, Balu Forge, Faze Three, Brand Concepts, Stove Kraft and Aeroflex Industries.

Kacholia has made his latest bet on a smallcap dry fruit company Aelea Commodities, buying over 7.73 lakh shares via a bulk deal on Friday. The deal was valued at Rs 9.3 crore. The shares were purchased from Suryavanshi Commotrade Private Limited, which exited by selling its entire stake at a price of Rs 120.50 per share.

Kacholia’s bought these shares following a significant erosion in its price. The microcap counter has plunged 36% over a one-year period. The stock is down 21% in 2026 so far.

Read more: Aelea Commodities bulk deal: Ashish Kacholia bets Rs 9.3 crore on a microcap that is down 36% in a year

Advertisement

(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)

Continue Reading

Trending

Copyright © 2025