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Amalgamated Plantations Private Limited will be operating this mega unit for Tata
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Wannila Aththo s writ petition fixed for support
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Embassy Group aims to complete merger of certain projects with IBREL this year
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Under the terms of the agreement, the IBREL s shares are being valued at Rs92.5 per share.
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. Updated: 26 Feb 2021, 12:27 PM IST PTI
CCI approves the proposed merger of Embassy group firms NAM Estates and Embassy One Commercial Property Developments with Indiabulls Real Estate
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NEW DELHI :
Realty firm Embassy Group on Thursday said it expects to complete the process of merger of its certain housing and commercial projects with the Indiabulls Real Estate by the end of this year.
The Competition Commission of India (CCI) on Wednesday approved the proposed merger of Embassy group firms NAM Estates Pvt Ltd and Embassy One Commercial Property Developments Pvt Ltd with Indiabulls Real Estate Ltd (IBREL).
Domestic markets closed with massive gains in a session marred by a technical glitch and look set to extend their winning run to the third day today amid strong cues from global peers. However, volatility could remain high ahead of the February F&O expiry, and high crude oil prices could cap gains for the indices. At 7.20 am, SGX Nifty futures traded slightly higher at 15,030. In the overnight session, US Fed s Jerome Powell once again soothed investors fears over inflation and drove Wall Street higher. Powell, in a second day of testimony in Washington, said it may take more than three years to reach the central bank’s inflation goals, a sign the Fed plans leave interest rates unchanged for a long time to come. Besides, the US regulator said Johnson & Johnson’s Covid-19 vaccine is safe and effective, further boosting the market sentiment.
Here are the top stocks that are likely to be in focus today:
Nureca: Shares of Nureca will list on the bourses today. The IPO by home healthcare and wellness products provider that ran between February 15-17 witnessed 40 times subscription.
Max Financial Services, Axis Bank: The Insurance Regulatory and Development Authority of India (IRDAI) has given its approval for the acquisition of up to 12 per cent stake in Max Life Insurance by Axis Bank and its subsidiaries Axis Capital and Axis Securities.
Affle (India): Affle Holdings Pte Ltd, a promoter of Affle (India), on Wednesday, offloaded 3 lakh shares of the company worth over Rs 161 crore through an open market transaction.
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