Top Stocks of the Day.

top-stocks-of-the-day-15

Reliance Industries

Reliance Industries and The Walt Disney Company have received approval from the Competition Commission of India for the Rs 70,350 crore merger of their Indian media assets. Additionally, the 47th Annual General Meeting (post-IPO) of the company's members will be held on August 29 at 2:00 PM (IST).

PB Fintech

Tencent Cloud Europe is likely to sell a 2.1% stake (or 9.7 million shares) in the company via block deals, reports CNBC-TV18, quoting sources. The floor price for the deal is seen at Rs 1,660.2 per share.

InterGlobe Aviation

Co-founder and promoter Rakesh Gangwal may sell a stake worth up to $850 million in IndiGo via block deals, reports CNBC-TV18, quoting sources. The indicative price for the deal is seen at Rs 4,593 per share.

KEC International

The RPG Group company has secured new orders in its transmission and distribution business in the United Arab Emirates and Saudi Arabia.

One 97 Communications (Paytm)

Subsidiary Paytm Payments Services (PPSL) has received approval from the Ministry of Finance for downstream investment from the company into PPSL. With this approval, PPSL will proceed to resubmit its application for a payment aggregator license

Vedanta

The Board of Directors of the company will meet on September 2 to consider the third interim dividend on equity shares, if any, for the financial year 2024-25.

NLC India

The company has signed a Power Usage Agreement with Telangana state DISCOMs for 200 MW of solar power at a competitive and affordable price under the CPSU scheme for 25 years.

Wipro

The global IT services provider has announced the liquidation of Capco Consulting Services (Guangzhou), the step-down subsidiary based in China. In addition, the company has completed its subscription in the equity share capital of Huoban Energy 11.

Lemon Tree Hotels

The company has signed a License Agreement for a 72-room hotel property in Ujjain, Madhya Pradesh. The property will be managed by its subsidiary Carnation Hotels and is expected to open in FY27.

Tata Steel

The company has acquired 178.34 crore ordinary equity shares worth $280 million (Rs 2,347.81 crore) in T Steel Holdings Pte (TSHP). Post this acquisition, TSHP will continue to be a wholly owned subsidiary of the company.


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