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The Markets are expected to open marginally higher today as trend in SGX nifty indicate a positive start - Arete Securities
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The Markets are expected to open marginally higher today as trend in SGX nifty indicate a positive start for the broader index after Nifty closed 159 points lower at 19,742 on thursday.
ICICI Bank:
The company will buy a 9.99% stake in Quantum CorpHealth Private for Rs 4.99 crore by the end of October 2023, via cash consideration.
LIC:
The company has decreased its shareholding in OIL India from 11.73% to 9.69%. It has increased its shareholding in Gujarat Gas from 4.98% to 5.01%.
JSW Steel:
The company's U.S. unit, Periama Holding LLC, will sell Caretta Minerals for $24 million. The property, plant, and equipment will be sold to West Virginia Properties.
Vedanta:
The board has approved raising up to Rs 2,500 crore via NCDs in one or more tranches, on a private placement basis. It will issue up to 2.5 lakh NCDs with a face value of Rs 1 lakh each.
UltraTech Cement, India Cements:
UltraTech Cement will buy 73.75 acres of land in Andhra Pradesh from India Cement for Rs 70 crore
Glenmark Pharma:
The drugmaker will sell a 75% stake in Glenmark Life Sciences for Rs 5,652 crore to Nirma at Rs 615 per share. After the stake sale, the company will own 7.84% of Glenmark Life Sciences.
SJVN:
The government will exercise its greenshoe option of 2.46% stake or 9.66 crore shares for the offer-for-sale on Sept. 22, given the oversubscription in the issue. This is in addition to the base issue size of 9.66 crore shares, or 2.46% stake. Accordingly, the total offer size will be up to 19.33 crore equity shares, representing 4.92% of the total paid-up equity
Can Fin Homes:
The company plans to consider raising up to Rs 4,000 crore via NCDs on a private placement basis on Sept. 27.
IRB Infrastructure Developers:
SPV Samakhiyali Tollway has achieved financial closure for the Rs 2,092-crore Samakhiyali Santalpur BOT Highway project. The consortium of lenders has extended debt support of Rs 1,446 crore for the project.
Rail Vikas Nigam:
The company has formed a joint venture with Tracks & Towers Infratech for construction of six-lane, greenfield Varanasi-RanchiKolkata Highway for Rs 1,271 crore.
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Indian markets to deliver positive returns for 9th year in a row, outperform US
