Last Updated: March 14, 2023, 07:57 IST
The Nifty futures contract traded on the Singapore Exchange signifies a optimistic 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 firm 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 overall shareholding in MCIE got here down to 3.195% 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 Equity Shares rising 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 happened via bulk deals in the open market, which saw strong demand from Foreign Institutional Investors, Sovereign Wealth Funds, Domestic Mutual Funds and Insurance companies. Marquee investors like the Government of Singapore, Fidelity, FMR, ICICI Prudential Life Insurance and HDFC MF bought shares from Blackstone in the bulk deal,” mentioned the corporate in a submitting with the exchanges.
NALCO
The board accredited 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
Received orders for Indian uncooked cotton from Bangladesh, with the overall worth aggregating $2.7 million.
Lupin
United States Food and Drug Administration (U.S. FDA) accomplished an inspection of Lupin’s bioresearch heart in Pune, India. The inspection closed with none statement.
Varun Beverages
The firm invested in 9.80% (5.68% on absolutely diluted foundation) of Lone Cypress Ventures, particular goal automobile engaged to provide solar energy to customers within the state of Uttar Pradesh. The consideration for this funding was Rs 3.15 crore.
Embassy Office Parks REIT
Embassy Office Parks REIT has dedicated over Rs 300 crore (Indian Rupees Three Hundred Crores solely) to its surroundings, social and governance program throughout its 43.6 msf pan-India portfolio.
GAIL
The board of GAIL (India) has accredited an interim dividend of Rs 4 per fairness share for monetary 12 months 2022-23. The firm has mounted March 21 because the report date.
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