Final Up to date: March 14, 2023, 07:57 IST
The Nifty futures contract traded on the Singapore Alternate signifies a constructive begin to home equities. The contract was buying and selling at 17,204, up 25 factors or 0.15% from the earlier shut.
Mahindra & Mahindra
The corporate offered 6.058% of its stake in its listed peer, Mahindra CIE, amounting to 2,29,80,000 fairness shares on the worth of Rs 357.39 per share. With this, the entire shareholding in MCIE got here down to three.195% of its share capital.
LIC, Dr Reddy’s
The insurance coverage main’s shareholding in Dr Reddy’s elevated from 1,27,83,287 to 1,61,44,983 Fairness Shares growing its shareholding from 7.676% to 9.695% within the pharma firm.
Sona Comstar
Funds affiliated with Blackstone offered their stake of 20.5% in Sona BLW Precision Forgings (Sona Comstar). “This stake sale occurred through bulk offers within the open market, which noticed sturdy demand from Overseas Institutional Buyers, Sovereign Wealth Funds, Home Mutual Funds and Insurance coverage corporations. Marquee buyers just like the Authorities of Singapore, Constancy, FMR, ICICI Prudential Life Insurance coverage and HDFC MF purchased shares from Blackstone within the bulk deal,” stated the corporate in a submitting with the exchanges.
NALCO
The board accepted a second interim dividend of fifty% at Rs 2.50 per share of face worth of Rs 5 every, on the paid-up fairness share capital of Rs 918.32 crores.
Axita Cotton
Acquired orders for Indian uncooked cotton from Bangladesh, with the entire worth aggregating $2.7 million.
Lupin
United States Meals and Drug Administration (U.S. FDA) accomplished an inspection of Lupin’s bioresearch heart in Pune, India. The inspection closed with none remark.
Varun Drinks
The corporate invested in 9.80% (5.68% on absolutely diluted foundation) of Lone Cypress Ventures, particular objective automobile engaged to produce solar energy to customers within the state of Uttar Pradesh. The consideration for this funding was Rs 3.15 crore.
Embassy Workplace Parks REIT
Embassy Workplace Parks REIT has dedicated over Rs 300 crore (Indian Rupees Three Hundred Crores solely) to its atmosphere, social and governance program throughout its 43.6 msf pan-India portfolio.
GAIL
The board of GAIL (India) has accepted an interim dividend of Rs 4 per fairness share for monetary yr 2022-23. The corporate has fastened March 21 because the report date.
Disclaimer:Disclaimer: The views and funding suggestions by specialists on this News18.com report are their very own and never these of the web site or its administration. Customers are suggested to verify with licensed specialists earlier than taking any funding selections.
Learn all of the Newest Enterprise Information right here