Stocks in news: Ambuja Cements, Nykaa, Adani Power, Bharti Airtel, Wipro
Ambuja Cements, Nykaa, Adani Power, Bharti Airtel, Wipro among others will be in focus due to various news developments.
Ambuja Cements
The Adani Group is likely to sell a 2.84% stake in Ambuja Cements on Friday through a block deal to raise around Rs 4,200 crore, ET reported.
Power Mech Projects
The Board of Power Mech Projects approved a bonus issue in the ratio of 1:1, where eligible investors will get one additional share for one share held in the company.
Bharti Airtel
The Goods and Service Tax Appellate Authority has ordered Bharti Airtel to pay Rs 194 crore GST on licence fees and spectrum usage charges demanded by the Department of Telecom.
Adani Power
NCLT has approved the company's resolution plan to buy Lanco Amarkantak Power. The cost of acquisition will be around Rs 4,101 crore.
Nykaa
Harindarpal Singh and Associates is likely to sell up to 1.4% stake in Nykaa at a floor price at Rs 198 per share, according to reports.
Jain Irrigation
Jain Irrigation has signed an MoU with Coffee Board of India for the commercial release of the advanced high quality, disease-resistant coffee plants to growers.
Wipro
IT services giant Wipro has entered into an agreement with John Lewis Partnership (JLP) to transform and modernise the firm’s IT Infrastructure.
Shriram Finance
The Competition commission of India (CCI) approved the sale of the entire stake of Shriram Housing Finance to Mango Crest Investment.
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