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    Stocks in the news: HUL, Sun Pharma, Adani Enterprises, IndiGo, Paytm and Lupin

    Synopsis

    Adani Enterprises has acquired 100 percent stake in Alluvial Mineral Resources, from Adani Infra (India). Alluvial Mineral Resources is engaged in mining of minerals & ores activities and other allied activities.

    Astounding IncreaseETMarkets.com
    Stocks in buzz: Ashok Leyland, Hinduja Global, Max Financial, Triveni Engineering, Kalyan Jewellers, Ahluwalia Contracts and more
    Nifty futures on the Singapore Exchange traded 66.5 points, or 0.36 per cent lower at 18,794, signaling that Dalal Street was headed for a positive start on Friday. Here are a dozen stocks which may buzz the most in today's trade:

    Hindustan Unilever: The leading FMCG maker will acquire of a majority stake in OZiva and a 19.8 per cent equity in Wellbeing Nutrition with a total investment of Rs 335 crore to foray into the health and wellbeing segment. It will acquire a 51 per cent stake in Zywie Ventures, which owns the brand OZiva, for a consideration of Rs 264.28 crore.

    Sun Pharmaceutical: The drug major in its clarification note after import alert for Halol facility says it is not revising the revenue guidance for current financial year and also there will be no impact on specialty revenues. US supplies from Halol contributed approximately 3 percent of consolidated revenues for FY22.

    Adani Enterprises: The Adani Groups flagship firm has acquired 100 percent stake in Alluvial Mineral Resources, from Adani Infra (India). Alluvial Mineral Resources is engaged in mining of minerals & ores activities and other allied activities.

    InterGlobe Aviation:
    No-frills carrier IndiGo said it will operate 168 weekly flights to eight domestic destinations from the New Goa International Airport. The second international airport in the state will be inaugurated by Prime Minister Narendra Modi on December 11. The airport will commence commercial operations from January 5 next year.

    One97 Communications: The digital financial services firm Paytm said its board will meet on December 13 to consider a proposal for share buyback keeping in mind the company's liquidity position which may be beneficial for its shareholders. Paytm has a liquidity of Rs 9,182 crore, as per its last earnings report.

    Lupin: The pharma major has appointed Spiro Gavaris as President of US generics business. He most recently served as President of specialty generics business at Mallinckrodt Pharmaceuticals and the president of US injectables at Hikma.

    Ashok Leyland:
    The Hinduja group flagship said it has appointed Shenu Agarwal as MD and CEO of the company with immediate effect. Agarwal will drive the technology development, growth, and future strategy for the company towards achieving its vision to be among the top ten commercial vehicle players globally.

    Hinduja Global Solutions: The business process management firm said it will acquire 100 per cent stake in TekLink International for about Rs 483 crore. It also said it has signed a non-binding Letter of Intent to acquire uKnowva, a digital Human Resources Management System product business, from Convergence IT Services.

    Max Financial Services: The financial services firm has completed acquisition of balance 5.17 per cent stake in Max Life Insurance Company, from Mitsui Sumitomo Insurance Company, Japan. After this transaction, its shareholding in Max Life stands increased to 87 per cent.

    Triveni Engineering & Industries: The promoter Dhruv Manmohan Sawhney of sugar company divested 7 per cent stake or 1.7 crore shares at an average price of Rs 280.75 apiece for over Rs 477.27 crore through an open market transaction, according to bulk deal data available with the BSE.

    Kalyan Jewellers India: The jewelry player said it is planning to expand its retail footprint by over 30 per cent in the next calendar year by adding 52 showrooms. The expansion will mainly focus on the non-South region, which currently contributes 35 per cent to the India business.

    Ahluwalia Contracts (India):
    The civil construction player said it has bagged a construction order worth Rs 55.39 crore. The contract awarded by Reimagining Higher Education Foundation (RHEF), Plaksha University in Punjab pertains to the construction of one of its hostels. The order awarded has to be completed in 15 months.

    Kalpataru Power Transmission:
    The utilty player said its board has approved a proposal to raise Rs 99 crore through issuance of non-convertible debentures (NCDs). A total of 990 NCDs of face value of Rs 10 lakh each will be issued under the fundraising plan.

    Jyoti: The microcap firm has secured order for Khalwa micro irrigation project from Navayuga Engineering Company. The order worth Rs 21.25 crore includes designing, engineering, manufacturing, testing & supply of large capacity vertical pumps and HT motors for Water Resource Department (WRD).



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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