Read more about Sensex, Nifty scale record high on Business Standard. Key benchmark indices are trading firm in early trade on buying demand in index pivotals. At 9:25 IST, the barometer index, the S&P BSE Sensex, was up 366.54 points or 0.78% at 47,340.08. The Nifty 50 index was up 106.30 points or 0.77% at
Read more about Stocks to watch: Cadila Health, NIIT, BEML, Dish TV, RIL, DLF, Coal India on Business Standard. The board of NIIT has approved buyback of 98.75 lakh equity shares of face value of Rs 2 each.
Shares of Reliance Industries (RIL) will be in focus. RIL has entered into definitive agreements to acquire the shares held by IMG Singapore Pte. Ltd in IMG-R, for a cash consideration not exceeding Rs 52.08 crore. Post completion of acquisition, IMG-R will become a wholly-owned subsidiary of the company and will be rebranded by the company. IMG Reliance (IMG-R) is a joint venture between IMG Worldwide LLC (IMG) and RIL. IMG Singapore Pte. Ltd., a wholly owned subsidiary of IMG, holds 50% of the share capital of IMG-R. IMG-R is engaged in the business of creation, management, implementation and commercialisation of sporting, fashion and entertainment events in India.
DLF rose 5.26% to Rs 238 after the company s subsidiary DLF Cyber City Developers (DCCDL) signed agreement with Hines to acquire 51.8% stake in Fairleaf Real Estate for 780 crore.
In a BSE filing made during market hours today, the realty major said that DCCDL currently held 48.2% stake in Fairleaf Real Estate. Fairleaf is a joint venture company, with funds managed by Hines, which owns and operates One Horizon Center, Gurugram.
One Horizon Centre is an asset forming part of a larger mixed-use development located in DLF 5, Gurugram. The leasable area of the property is approximately 8,13,000 square feet offering high-end Grade A office spaces along with complementary retail space.
Stocks in the news | RIL, PNB, DLF, Lupin, Coal India, Reliance Capital, Cadila Health, NIIT
Vedanta, NIIT, Spandana Sphoorty Financial, Kellton Tech, Paisalo Digital, Sakthi Sugars, Engineers India, Fiem Industries, are also among the stocks in focus today. Here is a list of stocks in the news today. Reliance Industries | The company will buy IMG Worldwide’s 50 percent stake in IMG-Reliance Ltd (IMG-R) for Rs 52.08 crore in cash.
Disclaimer: Reliance Industries is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd. which publishes moneycontrol.com Coal India | Company’s board has accorded approval to venture into aluminium value chain (mining-refining-smelting) and solar power value chain (Ingot-wafer-cell-Module-and-generation).