Top Stock Highlights: Reliance, Axis, Wipro, and More Updates
Here are some stocks to keep an eye on today:
Reliance Industries:
Reliance Industries and Walt Disney Co are expected to finalize a merger agreement for their media operations in India through a cash-and-stock deal, possibly as early as Monday.
Mankind Pharma:
Chrys Capital has sold shares worth Rs 3,282 crore in Mankind Pharma through a block deal on December 12.
Force Motors:
The automobile company has received approval to acquire a 12.21 percent stake in TP Surya, a wholly-owned subsidiary of Tata Power Renewable Energy.
Shilpa Medicare:
Shilpa Medicare’s Bengaluru unit has received approval from TGA, Australia, for the labeling, packaging, and testing of medicinal oral mouth-dissolving films.
Ultratech Cement:
The cement company has received an order from the Deputy Commissioner in Maharashtra, demanding GST payment of Rs 5.72 lakh, along with applicable interest and a penalty of Rs 57,298.
Indian Bank:
The public sector lender has initiated its qualified institution placement (QIP) issue with a floor price of Rs 414.44 per share.
Pearl Global:
Norp Knit Industries, a subsidiary in Bangladesh, has appointed Rahman Rahman Huq (Member firm of KPMG) as the statutory auditor for the year ending March 31, 2024.
Laurus Labs:
The US FDA has issued five observations in Form 483 for Laurus Labs’ manufacturing facility in Visakhapatnam, Andhra Pradesh.
Wipro:
The IT firm has signed a new agreement with RSA, one of the world’s leading general insurance companies.
Axis Bank:
Bain Capital is reportedly planning to sell a further stake in Axis Bank through a fresh block deal worth $444 million, with an offer floor price of Rs 1,109 per share.
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