RIL shares rise 2% on merger of India entertainment biz with Disney
The Reliance-Viacom18-Disney deal will add ₹40 per share to RIL’s sum-of-the-parts valuation (SOTP), says Jefferies.
The Reliance-Viacom18-Disney deal will add ₹40 per share to RIL’s sum-of-the-parts valuation (SOTP), says Jefferies.
Shares of Tata Coffee and Tata Consumer Products rise 4.2% and 3.5%, respectively, to hit their fresh 52-week highs.
Shares of HDFC were delisted from stock exchanges today, ending its 4-decade long journey on bourses, and started trading under HDFC Bank ticker.
The smallcap stock has risen 385% in the last one year, from its 52-week low of ₹442.95 on June 23, 2022, to an all-time high of ₹2,150 intraday today.
ABFRL will make an open offer to acquire up to 29% stake at ₹503 per share from public shareholders and the remaining stake from the founder promoters of TCNS.
Following the merger, Butterfly's minority shareholders will hold 3% stake in Crompton.
Aéroports de Paris (ADP) will invest ₹2,900 crore in GMR Airports Infrastructure through 10-year foreign currency convertible bonds (FCCBs).
The stock price got a boost amid a report that Sunil Mittal is seeking a stake in Paytm by merging his financial services unit into Paytm Payments Bank.
AirAsia India, renamed AIX Connect in December 2022, is currently flying with a fleet of 28 A320 planes.
Tata Group chairman N Chandrasekaran says Air India will turn profitable.