Stocks in news: Whirlpool of India, Hindalco, ZEE, Devyani International, Wipro
Whirlpool of India, Hindalco, ZEE, Devyani International, Wipro among others will be in focus due to various news developments.
Whirlpool of India
Whirlpool Corporation on Tuesday sold 30.4 million shares, constituting 24% stake in its Indian unit Whirlpool of India through the open market for $468 million.
ZEE
ZEE has clarified that the company is involved in any negotiations with Sony to revive the merger and term the reports as factually incorrect.
Read more: Here's the trading setup for today's session
Union Bank of India
Union Bank of India to raise around Rs 3,000 crore through qualified institutional placement. The issue price is fixed at Rs 142.78 per share.
Hindalco
Hindalco's subsidiary Novelis Inc has filed a confidential draft document with Securities and Exchange Commission for an IPO in the US markets.
Devyani International
Yum Restaurants India is likely to exit quick service restaurant major Devyani International by selling a 4.4% stake through a block deal on Wednesday, according to news reports.
Thermax
Thermax has signed a license and technical assistance agreement with South Korea-based Flowtech Co
GOCL Corporation
Promoter Hinduja Capital, Mauritius whose shareholding in GOCL Corp is considered as foreign direct investment plans to reduce the shareholding by about 1%.
Ashok Leyland
Ashok Leyland will set up a new integrated commercial vehicle plant focused on green mobility in Uttar Pradesh. The greenfield manufacturing facility will be spread over 70 acres.
Wipro
Wipro and IBM expand
