Friday, December 29, 2017

Top stocks in focus today: Lupin, Reliance Communications, Tata Global

Reliance Communications will sell its wireless business to Reliance Jio Infocomm. It will give Jio access to valuable 4G spectrum of RCom.

Lupin aid it has received final approval from the US health regulator for its generic version of Dovonex scalp solution used in the treatment of psoriasis of the scalp.

Alkem Labs has received approval from USFDA for Triamcinolone Acetonide cream that is indicated to treat inflammation and dermatoses.

Tata Global Beverages has sold its stake in joint venture firm Estate Management Services Private Ltd for a consideration of Rs120cr.

Bank of Baroda said it will purchase its joint venture partner UniCredit’s entire 51% stake in Baroda Pioneer Asset Management Company AMC and Baroda Pioneer Trustee Company Private Ltd (Trustee), as per media reports.

Srikalahasthi Pipes allotted 69.34 lakh shares at Rs360.5 per share in QIP.

GTPL Hathway to acquire remaining 49% stake in GTPL Surat Telelink and additional 23.5% stake in GTPL Ahmedabad cable network.

Brookfield and the Kotak Mahindra group have jointly bid for 2,200 megawatts of power assets belonging to Jaypee Power Ventures, a unit of Jaiprakash Associates, as per media reports.

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