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CCI nod to Adani Ports' acquisition of additional 25% stake in Adani Krishnapatnam

Adani Krishnapatnam is engaged as a developer and operator of an all-weather, deepwater multi-purpose port at Krishnapatnam, Andhra Pradesh, under build-operate-share-transfer concession from Andhra Pradesh

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Adani Port gains on preferential allotment of shares

Read more about Adani Port gains on preferential allotment of shares on Business Standard. Adani Ports & Special Economic Zone rose 1.71% to Rs 733 after the finance committee of the board approved the allotment of 1 crore equity shares, or 0.49% stake, on a preferential basis to Windy Lakeside Investment at an issue price of Rs 800 each.

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ICICI Bank, Tech Mahindra, Nestle India and other hot stocks to track on April 20


Credit: BCCL
Adani Ports & SEZ
It has issued 1 crore shares at an issue price of ₹800 to Windy Lakeside Investment in a preferential allotment, raising ₹800 crore in the process.
Credit: Adani-Ports-SEZ
Indian Overseas Bank
It will hold an extraordinary general meeting to seek approval for raising ₹4,100 crore by way of issue of preferential shares to the government.
Credit: BCCL
Zuari Global
It has declared a second interim dividend of ₹1 per share with the record date being April 28.
Credit: Zuari-Global

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Stocks to watch: TechM, ACC, Nestle India, 5paisa, Caplin Point, ICICI Pru


Here are the top stocks to track in today's session:
Tech Mahindra: The company said it has acquired a 100 per cent stake in DigitalOnUS, a hybrid cloud and DevOps services provider, for $120 million (about Rs 898 crore) to augment hybrid-cloud offerings for enterprise customers globally.
ACC: Cement maker ACC reported a 74.17 per cent YoY increase in consolidated net profit to Rs 562.59 crore for the first quarter ended March 2021, helped by an increase in sales and cost-efficiency. It had posted a profit of Rs 323.02 crore in the corresponding quarter a year ago.
Earnings Today: Nestle India, 5paisa Capital and 7 other firms will report their March quarter numbers today.

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Barometers trades with small gains


The domestic equities were trading with minor gains in afternoon trade. At 13:20 IST, the barometer index, the S&P BSE Sensex, rose 17.59 points or 0.04% at 47,967.01. The Nifty 50 index gained 17.95 points or 0.13% at 14,377.40.
Bajaj Finance (up 3.60%), Larsen & Toubro (up 1.85%) and ICICI Bank (up 0.54%) boosted the indices.
The broader market outperformed the benchmarks. The S&P BSE Mid-Cap index advanced 1.19%. The S&P BSE Small-Cap index added 1.02%.
Buyers outnumbered sellers. On the BSE, 1,804 shares rose and 956 shares fell. A total of 161 shares were unchanged.
Foreign portfolio investors (FPIs) sold shares worth Rs 1,633.70 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 2,355.56 crore in the Indian equity market on 19 April 2021, provisional data showed.

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Adani Ports allots equity shares aggregating Rs 800 cr


To Windy Lakeside InvestmentAdani Ports & Special Economic Zone has allotted 1 crore equity shares of Rs 2 each at issue price of Rs 800 to Windy Lakeside Investment, aggregating to Rs 800 crore. With this allotment, the paid up equity share capital of the company has increased to 204,17,51,761 equity shares of Rs 2 each.
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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
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