Stocks in news
Thyrocare Technologies: Docon Technologies along with API Holdings, the parent company of unicorn Pharmeasy (online medical platform) to acquire 66.1 percent equity stake in Thyrocare Technologies, for Rs 4,546 crore. They also made an open offer for the acquisition of an additional 26 percent stake in Thyrocare at a price of Rs 1,300 per share for Rs 1,788.16 crore.
Brigade Enterprises: The company raised Rs 500 crore from qualified institutional buyers at a price of Rs 268 per share. Goldman Sachs, SBI Mutual Fund, ICICI Prudential, Axis Mutual Fund, Nippon Life, Abu Dhabi Investment Authority and UTI Mutual Fund participated the QIB issue.
Zuari Agro Chemicals: The Competition Commission of India (CCI) has approved the acquisition of the Goa plant of the company by Paradeep Phosphates.
Jindal Drilling & Industries: The company reported profit at Rs 44.56 crore in Q4FY21 against loss of Rs 546.80 crore in Q4FY20, revenue rose to Rs 112.36 crore from Rs 90.34 crore YoY.
Finolex Industries: The company reported a higher consolidated profit at Rs 298.84 crore in Q4FY21 against Rs 58.66 crore in Q4FY20, revenue jumped to Rs 1,249.34 crore from Rs 768.66 crore YoY.
India Glycols: The company reported a higher consolidated profit at Rs 70.99 crore in Q4FY21 against Rs 17.91 crore in Q4FY20, revenue rose to Rs 1,604.14 crore from Rs 1,350.4 crore YoY.
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