Here is a list of the top ten stocks that may appear in the news on Friday:
Dependency industries: The company led by Mukesh Ambani has so far completed partnering and fundraising for Reliance Retail Ventures Ltd (RRVL). “RRVL received a cumulative subscription of ₹47.265 crore from financial partners and assigned them a 10.09% stake (or 69.27 million shares), “he said.
Bharti Infratel: The merger of Indus Towers Limited and Bharti Infratel Limited has been completed. The combined entity, which will be renamed Indus Towers Limited, is listed on the National Stock Exchange and the BSE.
Vodafone idea: The telecommunications company has sold its 11.15% stake in Indus Towers for a cash consideration of ₹Rs 3,760 crore in accordance with the terms of the agreement and outside the consideration received from Infratel. In addition, a consortium of investors comprising Oaktree Capital Management and Varde Partners has proposed to invest at least $ 2 billion in a cash-strapped company by purchasing hybrid debt securities.
Infosys: The company’s arm, Simplus, said Thursday that it has collaborated with Salesforce for a vaccine management cloud solution. The solution has been built on the Salesforce platform to support Salesforce Work.com for Vaccines as the covid-19 pandemic continues.
State Bank of India: The country’s largest lender said it signed a memorandum of understanding (MoU) with the Luxembourg Stock Exchange to establish a long-term cooperation mechanism and promote ESG (environmental, social and corporate governance) and green finance.
Bharat Petroleum Corp Ltd: Investors are not showing much interest in selling the government’s 53% stake in BPCL, which is expected to attract the Center ₹45,000 crore. Therefore, the privatization process could well be derailed.
Dewan Housing Financing: State Bank of India, DHFL’s lead lender, has asked other lenders to convince the bankrupt home financier’s four suitors to upgrade their offers, as an improvement in the mortgage lender’s asset quality has done so most valuable, two development conscious people told Mint.
Mphasis: The IT firm said its subsidiary Mphasis Consulting has acquired UK-based Datalytyx Ltd for up to £ 13.3 million (roughly ₹130.4 crore). The acquisition is expected to provide access to strengthen Mphasis’ next-generation Data GTM strategy and provide a higher-value partnership status with Snowflake and Talend for cloud-based data services, according to a regulatory document.
Apollo Hospitals: The health care chief and Tata Medical and Diagnostics Ltd announced on Thursday a collaboration to introduce the ‘TataMD CHECK’ diagnostic test for covid-19 in the country, which will provide faster results.
Syngene International: The company has signed an agreement with the Deerfield Discovery and Development Corporation (3DC) to collaborate for five years to promote therapeutic discovery projects. The collaboration is to advance therapeutic discovery projects from target validation to pharmacological proof of concept and preclinical evaluation.
.
