Wipro stocks will be in focus as the country’s third largest software services on Wednesday said it will acquire German IT consulting firm cellent AG for 73.5 million euros (about Rs 518 crore). (Express Photo)
The BSE Sensex and NSE Nifty was trading in negative terrain following global cues. At 9.31 am, Sensex was trading 60.01 points down at 26,057.84. Similarly, Nifty was trading 21 points down at 7,910.35.
Wipro: Stocks of country’s third largest software services firm were trading over 1 per cent up in early trade after it said it will acquire German IT consulting firm cellent AG for 73.5 million euros (about Rs 518 crore). The all-cash deal is expected to close in the March 2016 quarter.
Tree House: Shares of the company hit upper circuit for the third consecutive trading session on Thursday after the company on Tuesday clarified that there was an error with respect to the promoters’ pledge of shares reported by BSE on their website.
Bharat Seats: The company shares zoomed 20 per cent to Rs 49.40 in the early trade and hit upper circuit on Thursday after the company informed BSE on Wednesday that the Board of Directors on November 10, 2015 have approved policy on preservation of documents and determination of material/ price sensitive information.
Tata Steel: Global steel major Tata Steel on Wednesday said its Singapore arm has executed pacts worth $1.5 billion for refinancing its debt.
Axis Bank: Country’s third largest private sector lender Axis Bank on Wednesday said it has launched a ‘display variant’ debit card which does away with the hassles of generating one time password (OTP) over SMS while transacting.
Aurobindo Pharma: Durg maker Aurobindo Pharma Ltd on Wednesday said it has received final approval from the US Food and Drug Administration (USFDA) to manufacture and market Dexamethasone Sodium Phosphate Injection USP, 4 mg/mL (1 mL, 5 mL and 30 mL vials) in USA.
Aditya Birla Nuvo Ltd: Canada’s Sun Life Assurance Company Ltd (Sun Life) will raise its stake in Indian joint venture Birla Sun Life Insurance Company to 49 per cent from 26 per cent at an investment of Rs 1,664 crore.
Coal India: Coal India’s mining project in Maharashtra with a production capacity of 3.25 million tonnes per year will be commissioned by the month-end, as the PSU targets one billion tonnes of production by 2020.
MTNL: Government on Wednesday said there is no proposal to disinvest stake in BSNL and MTNL as part of their revival strategy. To a question whether the government has any proposal to disinvest BSNL and MTNL as part their revival strategy, Telecom Minister Ravi Shankar Prasad replied in the negative.
Yes Bank: McDowell Holdings, a unit of Vijay Mallya-led UB Group, on Wednesday said private lender Yes Bank had invoked shares of United Breweries Ltd (UBL) which formed only 0.16 per cent of its holding. Clarifying on reports that Yes Bank Ltd (YBL) had invoked shares worth Rs 778 crore accounting for 3.02 per cent stake in United Breweries pledged by McDowell Holdings, the company said the invoked shares are actually worth Rs 39.48 crore only.
United Breweries: McDowell Holdings, a unit of Vijay Mallya-led UB Group, on Wednesday said private lender Yes Bank had invoked shares of United Breweries Ltd (UBL) which formed only 0.16 per cent of its holding. Clarifying on reports that Yes Bank Ltd (YBL) had invoked shares worth Rs 778 crore accounting for 3.02 per cent stake in United Breweries pledged by McDowell Holdings, the company said the invoked shares are actually worth Rs 39.48 crore only.
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