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CAM, Trilegal act on scam-hit CG Power s $93 3m sale to Murugappa Group (Aug 20) - Legally India - Career Intelligence for Lawyers, Law Students

The acquisition of the controlling interest in CG Power by the Murugappa Group is to be executed though a binding swiss challenge bid to the lenders of CG Power under RBI’s directions for resolution of stressed assets.

Volumes jump at JTEKT India Ltd counter

JTEKT India Ltd witnessed volume of 4.02 lakh shares by 10:49 IST on BSE, a 9.25 times surge over two-week average daily volume of 43430 shares Tube Investments of India Ltd, Natco Pharma Ltd, Birlasoft Ltd, Garware Technical Fibres Ltd are among the other stocks to see a surge in volumes on BSE today, 24 May 2021. JTEKT India Ltd witnessed volume of 4.02 lakh shares by 10:49 IST on BSE, a 9.25 times surge over two-week average daily volume of 43430 shares. The stock increased 15.69% to Rs.111.00. Volumes stood at 62299 shares in the last session. Tube Investments of India Ltd recorded volume of 24320 shares by 10:49 IST on BSE, a 6.66 times surge over two-week average daily volume of 3652 shares. The stock gained 0.30% to Rs.1,181.70. Volumes stood at 9050 shares in the last session.

Consumer goods shares rise

Consumer goods stocks were trading with gains, with the S&P BSE Consumer Discretionary Goods & Services index rising 30.43 points or 0.67% at 4584.81 at 09:49 IST. Among the components of the S&P BSE Consumer Discretionary Goods & Services index, Borosil Renewables Ltd (up 9.4%), Asian Paints Ltd (up 9.11%),Shalimar Paints Ltd (up 6.21%),Borosil Ltd (up 6.07%),Kirloskar Oil Engines Ltd (up 4.58%), were the top gainers. Among the other gainers were Zee Media Corporation Ltd (up 4.55%), Relaxo Footwears Ltd (up 3.76%), Berger Paints India Ltd (up 3.76%), Asian Granito India Ltd (up 3.43%), and Future Enterprises-DVR (up 3.28%). On the other hand, Vaibhav Global Ltd (down 4.23%), Tube Investments of India Ltd (down 3.37%), and Apollo Tyres Ltd (down 3.14%) moved lower.

Volumes spurt at SIS Ltd counter

SIS Ltd notched up volume of 74828 shares by 10:49 IST on BSE, a 4.53 fold spurt over two-week average daily volume of 16530 shares Bajaj Holdings & Investment Ltd, Tube Investments of India Ltd, Chennai Petroleum Corporation Ltd, MOIL Ltd are among the other stocks to see a surge in volumes on BSE today, 29 April 2021. SIS Ltd notched up volume of 74828 shares by 10:49 IST on BSE, a 4.53 fold spurt over two-week average daily volume of 16530 shares. The stock rose 1.53% to Rs.365.70. Volumes stood at 22668 shares in the last session. Bajaj Holdings & Investment Ltd witnessed volume of 5464 shares by 10:49 IST on BSE, a 4.5 times surge over two-week average daily volume of 1215 shares. The stock increased 2.74% to Rs.3,548.95. Volumes stood at 3144 shares in the last session.

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