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The markets are expected to open marginally lower today as trends in GIFT Nifty indicate a negative start for the broader index after Nifty closed 10 points lower at 22,957 on Friday.

Indian Oil Corporation:

The company successfully completed the acquisition of Mercator Petroleum for Rs 148 crore through insolvency proceedings.

Tata Steel:

The company received approval from the NCLT Kolkata Bench for the scheme of amalgamation with Indian Steel & Wire Products, pending sanction from the Mumbai NCLT bench.

RVNL:

The company has been declared the lowest bidder for a construction project valued at Rs 187 crore from MMRCL.

Bosch:

The company sanctioned the divestiture of its OE/OES diagnosis business from Mobility Aftermarket to ETAS Automotive for Rs 45.6 crore.

Macrotech Developers:

The company secured the remaining 50% stake in Siddhivinayak Realties for ?250 crore.

NTPC:

The company has received in-principle approval for the establishment of a wholly owned subsidiary to engage in nuclear energy business.

Lumax Industries:

The company approved an investment of ?20.5 million to acquire up to 49% stake in Clean Max Nabia and ?8.7 million for up to a 10% stake in Huoban Energy 5.

Indiabulls Real Estate:

The company acquired Embassy Eden for ?465.71 crore, Embassy Residency for ?119.55 crore, and Embassy East Avenue for ?117.28 crore.

Dr. Reddy’s Laboratories:

The company approved a fund infusion of ?650 crore into Aurigene Oncology Ltd by way of equity investment.

Crest Ventures:

The company approved the raising of funds through the issuance of non-convertible debentures up to ?1,000 million on a private placement basis.

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