nifty Futures on the Singapore Exchange were trading 162.5 points or 1.03 per cent higher at 15,863.50, indicating that Dalal Street was headed for a positive start on Monday. Buying in banking and financial services, auto, FMCG and metal stocks led the market to rise nearly one per cent in the previous session. Positive global cues also supported the market. Sensex On the daily chart, it rose 462 points to 52,728, while the Nifty 50 climbed 143 points to 15,699. The index gained 2.6 per cent during the week.
zomato
The food-delivery company informed the exchanges that the board had approved the acquisition of 33,018 equity shares of accelerated commerce company Blink Commerce (BCPL, formerly Grofers India) in an all-stock deal for Rs 4,447.48 crore. The acquisition is priced at Rs 13,46,986.01 per share. This acquisition is in line with its strategy to invest in the accelerated commerce business.
Dr Reddy’s Laboratories
The pharma company announced the acquisition of US-based Eaton Pharma’s branded and generic injectable product portfolio. It acquired Eaton Portfolio for an upfront payment of $5 million in cash and a contingency payment of up to $45 million.
csb bank
The bank said in its BSE filing that the board has appointed Bhama Krishnamurthy as part-time chairman of the bank. This appointment is subject to the approval of the Reserve Bank of India.
Hindustan Media Ventures
Sandeep Gulati has resigned as the company’s chief financial officer to pursue opportunities outside HT Group.
welspun corp
The company has bagged various orders of about 47,000 MT worth Rs 600 crore. These commands will be executed India and the U.S. in the oil and gas and water sector. These include an order for the supply of onshore coated pipes and bends for a pipeline project in Australia.
I
The company said that the board will meet on June 29 to consider the proposal for buyback of equity shares of the company.
Gufic Biosciences
ICRA has upgraded its long-term rating on the company’s bank facilities from BBB+ to BBB, with a stable outlook, and the short-term rating from A3+ to A2.
axis Bank
The Reserve Bank of India has approved the re-appointment of Rajiv Anand as the Deputy Managing Director of Axis Bank. The reappointment will be for a period of three years.
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