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Nifty futures on the Singapore Exchange traded 106 points, or 0.69 per cent, kiwer at 15,222 in signs that Dalal Street was headed for a gap-down start on Wednesday. Here are a few stocks which may buzz the most in today s trade:
Adani Ports and SEZ: The company said it has completed the acquisition of Dighi Port for Rs 705 crore and would invest over Rs 10,000 crore in developing it as an alternate gateway to JNPT.
FRL: The Securities Appellate Tribunal (SAT) has stayed an order passed by market regulator SEBI that had banned Future Retail Chairperson Kishore Biyani and some other promoters from the securities market for one year for alleged insider trading.
Read more about Market drifts lower on negative Asian stocks on Business Standard. Key benchmark indices are trading lower in early trade on negative Asian stocks. At 9:25 IST, the barometer index, the S&P BSE Sensex, was down 184.03 points or 0.35% at 51,920.14. The Nifty 50 index was down 46.65 points or 0.3% at 15,266.80.
ICICI Bank will acquire CityCash and Thillais Analytical Solutions for Rs 6.03 crore. CICI Bank to buy stakes in two fintech companies for Rs 6.03 cr
ICICI Bank on Tuesday said it will buy stakes in two fintech companies CityCash and Thillais Analytical Solutions for a total cash consideration of Rs 6.03 crore.
CityCash is a bus transit-focused payments technology company which provides ticketing system technology to state transport corporations.
Thillais Analytical Solutions operates a neo-banking platform Vanghee, which facilitates connected banking solutions for corporates and MSMEs, and helps banks deepen their customer relationships.
As per two separate deals entered by the bank on Tuesday, ICICI Bank will buy 5.40 per cent stake in CityCash for Rs 4.93 crore (Rs 49.34 million) and 9.65 per cent in Thillais Analytical Solutions Pvt Ltd for Rs 1.1 crore (Rs 11 million).
The Securities Appellate Tribunal has stayed an order passed by market regulator SEBI that had banned Future Retail Chairperson Kishore Biyani and some other promoters from the securities market for one year for alleged insider trading.