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    Stocks in the news: Wipro, Britannia, Cipla, IDFC, Biocon and Gland Pharma

    Synopsis

    BNP Paribas Arbitrage offloaded over 18,00,164 lakh shares at an average price of Rs 405 apiece of IT major Wipro for Rs 72.9 crore through an open market transaction.

    stocks-in-the-news--95843663.Agencies
    Stocks in buzz: GR Infra, Aditya Birla Sun Life AMC, Greenpanel Industries, Inox Wind, Inox Green, Sanghi Industries and more
    Nifty futures on the Singapore Exchange traded 14.5 points, or 0.08 per cent lower at 18,744, signaling that Dalal Street was headed for a flat start on Wednesday. Here are a dozen stocks which may buzz the most in today's trade:

    Wipro: BNP Paribas Arbitrage offloaded over 18,00,164 lakh shares at an average price of Rs 405 apiece of IT major for Rs 72.9 crore through an open market transaction, according to the block deal data available with the BSE. Societe Generale picked up the shares of the company.

    Britannia Industries: The biscuits and dairy products maker has entered into a joint venture agreement with Bel SA of France and Britannia Dairy Private Limited to develop, manufacture and sell cheese products in India and some other markets.

    Cipla: The drug firm said it has launched Leuprolide Acetate Injection Depot 22.5 mg, used in the treatment of prostate cancer. The product was earlier approved by the US Food and Drug Administration based on a New Drug Application (NDA) regulatory pathway.

    Biocon: The pharmaceuticals firm said its unit Biocon Biologics has completed the multi-billion dollar acquisition of the global biosimilars business of its partner Viatris. In February this year, Biocon Biologics inked a pact to acquire Viatris Inc's biosimilars business for consideration of up to $3.33 billion.

    Gland Pharma:
    The drug maker said it has entered into a put option agreement to acquire Europe-based Cenexi Group for up to EUR 120 million, marking its foray into the international markets. Gland Pharma International PTE has entered into a 'Put Option Agreement' to acquire 100 per cent of Cenexi Group.

    GR Infraprojects:
    National Capital Region Transport Corporation (NCRTC) has annulled the construction of elevated viaduct project due to some administrative reasons. The company had emerged as L-1 bidder for construction of the elevated viaduct in Delhi in April 2020.

    IDFC: Market watchdog Sebi has approved the change in control of IDFC Mutual Fund. The board of directors of IDFC and IDFC Financial Holding Company had approved the divestment of IDFC Asset Management Company and IDFC AMC Trustee Company to the consortium.

    Aditya Birla Sun Life AMC: The mutual funds company said it has received an approval from IFSCA to act as a registered fund management entity and carry out Alternative Investment Fund and Portfolio Management Services. The approval has been granted by the International Financial Services Centres Authority on November 28.

    Inox Wind: The wind energy solutions provider said the company and its arm Inox Green Energy Services have paid debts of Rs 411 crore. Inox Wind its subsidiary Inox Green Energy Services as part of the strategic initiative to deleverage their respective balance sheets, have recently paid Rs 250 crore and Rs 161 crore for debt reduction.

    Greenpanel Industries: The plywood and laminates player company said its board of directors approved the winding up of wholly owned subsidiary Greenpanel Singapore Pte Ltd. The board also approved write-off of the investment in the subsidiary to the extent of impairment of the asset due to accumulated losses of the subsidiary.

    Sanghi Industries:
    Kotak Mahindra Bank arm announced that it has invested Rs 550 crore in Sanghi Industries Group by subscribing to non-convertible debentures of the cement-making company and its promoter group. Kotak Special Situations Fund's infusion will correct Sanghi Industries' capital structure.

    Kilpest India: The subsidiary of pesticides player named 3B BlackBio Biotech India signed a non-binding letter of intent to acquire 100 percent stake in a Europe-based life science products manufacturer. An exclusivity period of 60 days has been agreed upon between the parties to complete due diligence.



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

    ...more


    (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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