Mahindra CIE Automotive Limited: The Company has approved the acquisition of 100percent of the issued and outstanding share capital of Aurangabad Electricals and authorized the signing of a share purchase agreement. For this acquisition, the company would pay Rs830 crore in cash. The said acquisition is expected to be completed before 10-April 2019.
The stock of Mahindra CIE closed at Rs238.20 down 0.7 percent on NSE on Tuesday. Further stock action to be monitored in trade today.
Indian Hume Pipe Company Limited (INDIAN HUME): The Company has received two Letter of Awards (LoA) aggregating to Rs551.40crore from Water Resources Investigation Division, Palanpur, Gujarat, the company informed stock exchanges on Tuesday.
Indian Hume shares closed at Rs304.40 up 3.57percent on NSE on Tuesday. See further Action today.
Adani Enterprises Limited: The Company’s wholly-owned subsidiary Adani Transport has received LoA for 2 hybrid annuity road projects from NHAI in the state of Telangana.
Stock of Adani Enterprises closed at Rs147.70 up by 6.22percent on the NSE, on Tuesday. The stock will be watched out in trade today.