Stocks to watch: Shares of firms like Wipro, Axis Bank, SRF, Bank of Baroda, Indian Bank, Mankind, and others will be in focus on Wednesday’s trade.
Stocks to Watch: GIFT Nifty on the NSE IX traded 7 points, or 0.03 per cent, higher at 21,078.50, signaling that Dalal Street was headed for a muted start on Wednesday.
Wipro: It signed a new agreement with one of the world’s leading general insurance companies, RSA to help accelerate the insurer’s migration to the cloud and build a scalable IT infrastructure.
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Axis Bank: As per Moneycontrol, private equity giant Bain Capital is likely to sell a further stake in the lender via a fresh block deal worth $444 million today. Entities associated with Bain Capital are looking to sell a 1.1 per cent stake.
Laurus Labs: Laurus Synthesis, a wholly owned subsidiary of Laurus Labs, has been issued a Form 483 with five observations after the US FDA inspected its manufacturing facility in Parawada, Anakapalli, near Visakhapatnam between Dec 4-12.
SRF: The company said two of the four new plants have been commissioned and capitalized at an aggregate cost of Rs 225 crore. This relates to its earlier announcement of capital expenditure to set up four plants and capacity enhancement of an existing plant at an estimated cost of Rs 604 crore.
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CGDs: Gas companies have told the govt they are wary of committing investments without knowing the time period in which natural gas will be offered a free play in the economy. Read
Bank of Baroda: The bank’s capital raising committee will meet on Dec 15 to consider fundraising.
Indian Bank: The public sector lender has launched a qualified institution placement (QIP) issue at a floor price of Rs 414.44 per share. The issue price will be fixed on Dec 15.
Shilpa Medicare: Shilpa Medicare’s Unit VI, Bengaluru has received approval from TGA, Australia to manufacture medicinal oral mouth dissolving films (wafers). This approval will enable the company to secure approval and market its oral film products in Australia.
Read More: SpiceJet board approves issue of equity shares and warrants worth ₹2,250 crore
Force Motors: The firm’s board has approved a plan to acquire 12.2 per cent stake in TP Surya, a wholly owned subsidiary of Tata Power Renewable Energy, to procure solar power from a specific solar plant, which will be established by TP Surya under Open Access Mode.
Jammu & Kashmir Bank: The bank’s board meeting will be held on Dec 14 to consider fundraising.
Mankind Pharma: Mauritius-based Beige Ltd has sold partial stake in Mankind Pharma through bulk deals on Tuesday. The investors have sold about 1.44 crore shares or 3.6% stake at Rs 1,832 apiece, taking the deal value to Rs 2,640 crore.
Bank of Baroda: A meeting of capital raising committee of the Bank is scheduled to be held on December 15 to discuss and finalize the quantum of the first tranche of Tier II/Sub debt instruments issue within the Board approved capital raising plan.
Equitas Small Finance Bank: The Board approved the appointment of Ashwini Biswal as Chief Compliance Officer of the Bank for a period of five years.
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