Read more about Broader market trades firm; metal stocks shine on Business Standard. The benchmark indices were trading with modest gains in early afternoon trade. At 12:20 IST, the barometer index, the S&P BSE Sensex, jumped 213.44 points or 0.41% at 52,062.92. The Nifty 50 index advanced 73.25 points or 0.47% at 15,649.45.
Synopsis The amount of consideration for the acquisition agreed under the BTA is Rs 60.02 crore. .The transaction is undertaken on a slump sale basis, Ruchi Soya Industries said. The acquisition will be completed in the next two months, it added.
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The objective of the acquisition is to expand the product portfolio of the existing business of the company, Ruchi Soya added.
Ruchi Soya Industries on Tuesday announced the acquisition of biscuits business from Patanjali Natural Biscuits Pvt Ltd (PNBPL) in a slump sale at Rs 60.02 crore. The company, in a regulatory filing, said its Board of Directors on May 10 approved the signing of a Business Transfer Agreement (BTA) in this regard with the PNBPL.
Ruchi Soya Industries on Tuesday announced the acquisition of biscuits business from Patanjali Natural Biscuits Pvt Ltd (PNBPL) in a slump sale at Rs 60.02 crore. The company, in a regulatory filing, said its Board of Directors on May 10 approved the signing of a Business Transfer Agreement (BTA) in this regard with the PNBPL. The acquisition will be completed in the next two months, it added. The amount of consideration for the acquisition agreed under the BTA is Rs 60.02 crore. .The transaction is undertaken on a slump sale basis, Ruchi Soya Industries said. The consideration is payable in two tranches. About Rs 15 crore of the total purchase consideration will be paid on or before the closing date, while the rest Rs 45.01 crore will be paid within 90 days form the closing date, it said.
Here are the top stocks to track in today s session:
Vedanta: Anil Agarwal-led Vedanta Resources Plc on Tuesday raised the open offer price for buying shares in its Indian firm to Rs 235 per share, nearly 4 per cent higher than the current trading price. It also raised the offer size to 651 million shares representing 17.5 per cent stake in Vedanta from 10 per cent it had offered to buy earlier.
Magma Fincorp: The company will pare its shareholding in insurance venture Magma HDI by selling stake to ICICI Venture, Morgan Stanley PE, a Poonawalla Group firm and other entities in a Rs 525 crore-deal.
Stocks in news: RIL, Airtel, Vi, YES Bank, Ircon International, Ruchi Soya, Ion Exchange
Shares of YES Bank, Reliance, Airtel, Vodafone Idea, Ircon International, Ruchi Soya, Ion Exchange will be in focus in Wednesday s trading session
BusinessToday.In | March 3, 2021 | Updated 09:13 IST
Sensex, Nifty seen opening flat on Wednesday
The Indian benchmark indices are likely to open on flat note today, tracking mixed global cues. While Wall Street ended lower in overnight trade, Asian peers edged higher amid optimism that US stimulus will boost the global economic recovery. Muted trading at Nifty futures on the Singapore Exchange also signaled that Dalal Street was headed for a flat start on Wednesday.