Stocks in news: UltraTech, Thomas Cook, LTIMindtree, Kesoram Industries, Wipro
Thomas Cook
The offer for sale of shares by promoter Fairbridge Capital in Thomas Cook (India) Ltd received overwhelming response from institutional investors, following which, it has decided to use the greenshoe option to sell additional shares.
ITD Cementation
ITD Cementation has secured a contract for civil and hydromechanical works of 500 MW hydel power, pumped storage project worth approximately Rs 1,001 crore excluding GST in Andhra Pradesh.
Read more: Here's the trade setup for today's session
Ultratech Cement
UltraTech Cement announced the acquisition of Kesoram cement unit.
Under a scheme of arrangement, Ultratech Cement will issue 1 share for every 52 shares of Kesoram.
LTIMindtree
LTIMindtree has been selected as a strategic partner by Metasphere, a wastewater application specialist, to scale their Smart Sewers management platform.
Biocon
Biocon Biologics, a subsidiary of Biocon, announced that the integration of the Viatris’ biosimilars business in 31 European countries has been successfully completed.
J&K Bank
J&K Bank has clarified that news reports wrongly quoted the lender's name in ED raids and that the matter actually relates to J&K State Cooperative Bank.
Wipro
Wipro announced that it is working with Amazon Web Services (AWS) to redefine the future of lab processes in the life sciences industry.
