IndusInd Bank: The bank is going to acquire Indian Infrastructure Development and Finance Company and Infrastructure Leasing & Financial Services Limited in an all-cash deal.
Rupa & Co: It’s subsidiary Oban Fashions Pvt. Ltd., on Tuesday, entered into a licence agreement with Fruit of the Loom Inc., to manufacture innerwear and outerwear products.
L&T: Construction company, L&T Realty has sold its 51% stake in a township project at Chennai for
Rs 190 crore to an investment firm, Pragnya Group.
Indiabulls Real Estate Limited: Indiabulls Infrastructure Ltd., (IIL), a wholly owned subsidiary of the company, has signed a definitive agreement to acquire 100% share capital of India Land and Properties Ltd., (ILPL), for an aggregate consideration of Rs 685 crore from Indiabulls Distribution Services Ltd.
Tata Steel: The company has been named in the list of World’s most ethical companies by American think tank, Ethisphere Institute.
Nifty touched its all-time high of 9122.75 levels on March 14, 2017. Markets held their gains throughout the day on March 14, and there was not much volatility in the markets. India VIX closed lower by 11.16% at 12.4 level.
It would be interesting to watch out whether markets hold the gains on March 15. Meanwhile, following are the top five stocks in focus in Wednesday’s trading session.