Car stock across the spectrum will remain in focus as car companies will reveal their monthly sales figures. Experts expect the figure to remain strong following Diwali sales.
Adani Power on Monday said the timeline for finalizing the ₹7,017 crore deal to acquire the thermal power assets of DB Power Ltd has been extended by a month to November 30, 2022. “The parties (Adani Power and DB Power) to the proposed transaction have mutually agreed to extending the long stop date of November 30, 2022, to achieve closure/completion,” the BSE filing said.
SGX Nifty shows a gap opening of 100 points to NSE Nifty
With the return of FPIs as buyers, analysts say downside is limited for the market
According to media reports, Bain Capital will take a 1.24 percent stake in Axis Bank (worth ₹3,500 crore) on Tuesday through a block offer. The floor price was set at ₹888 per share, a 2 percent discount to Monday’s closing price of ₹906.
Real estate firm Shriram Properties Ltd and ASK Property Fund have agreed to set up a Rs 500 crore investment platform to acquire housing projects. The two companies have signed a Memorandum of Understanding (MoU) to establish an investment platform for the acquisition of residential real estate projects.
Life Insurance Corporation of India (LIC) has increased its stake Capri Global Capital by 2 percent over the past few months with an investment of Rs 257.37 crore. Its shareholding in Capri Global has increased from 1,24,00,000 to 1,59,51,171 equity shares, increasing its stake from 7.052 per cent to 9.072 per cent of the company’s paid-up capital, LIC said in a regulatory filing on Monday.
Glenmark Pharmaceuticals Inc (USA), subsidiary Glenmark Pharmaceuticals, has launched Fingolimod capsules, 0.5 mg, the generic version of Gilenya1 Capsules, 0.5 mg, Novartis Pharmaceuticals Corporation. According to IQVIA sales data for the 12 months ending September 2022, the Gilenya Capsules, 0.5 mg market reached annual sales of approximately $1.8 billion.
RMC Switchgears has received a Letter of Award of ₹230.2 crore from the Maharashtra State Electricity Distribution Company under its EPC division. The project will be completed in 12-18 months.
Results Calendar: Adani Ports and Special Economic Zones, Chambal Fertilizers & Chemicals, Cholamandalam Investment and Finance Company, CMS Information Systems, Dhanuka Agritech, FSN E-Commerce Ventures (Nykaa), JK Tire & Industries, Kansai Nerolac Paints, Karnataka Bank, LIC Housing Finance , Macrotech Developers, Punjab National Bank, Sun Pharmaceutical Industries, Tata Investment Corporation, Tech Mahindra, UPL, Varun Beverages, Voltas and Whirlpool of India