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Mid cap stock jumps 7% after company to acquire controlling stake in Restaurants Development Co., Ltd

Mid cap stock jumps 7% after company to acquire controlling stake in Restaurants Development Co., Ltd

The shares of the largest operators of chain quick-service restaurants (QSRs) gained up to 7 percent after the company announced the acquisition of a controlling stake in Restaurants Development Co., Ltd. (‘RD’) Thailand.  With a market capitalization of Rs 23,303.22 Crores, The shares of Devyani International Ltd were trading at Rs 193.00 a share, an [...]
Aviation stock jumps 5% after it plans to raise funds and also shows interest in acquiring Go First 

Aviation stock jumps 5% after it plans to raise funds and also shows interest in acquiring Go First 

Shares of this airline company jumped 5 percent in Tuesday’s trading session after informing its interest in acquiring one of its competitors Go First. The shares have delivered a multibagger return of 141 percent to its shareholders in six months.  With a market capitalisation of Rs. 4,580 crores, the shares of SpiceJet Ltd started Tuesday’s [...]
Pharma stock in green after it acquires 16.7% stake in Lyndra Therapeutics for $30 Million 

Pharma stock in green after it acquires 16.7% stake in Lyndra Therapeutics for $30 Million 

Shares of this large-cap company jumped around 1 percent on Tuesday’s trading session after acquiring a 16.7 percent stake in Lyndra Therapeutics for USD 30 million. The shares have delivered more than 20 percent returns to its shareholders in six months.  With a market capitalisation of Rs. 2,98,393 crores, the shares of Sun Pharmaceuticals Industries [...]
Midcap stock in electronic manufacturing segment falls after LIC sells 2% stake in the company

Midcap stock in electronic manufacturing segment falls after LIC sells 2% stake in the company

The shares of leading electronic manufacturing services fell by 1.5 percent after Life Insurance Corporation decreased its shareholding from 5.012% to 3.000% of the paid-up capital in the company.  With a market capitalization of Rs 37,534.87 Crores, The shares of Dixon Technologies (India) Ltd were trading at Rs 6,275.35 a share, a decrease of 0.64 [...]
Midcap stock jumps after acquisition of 85% stake in Barrix Agro Sciences Pvt. Ltd for ₹ 782 mn

Midcap stock jumps after acquisition of 85% stake in Barrix Agro Sciences Pvt. Ltd for ₹ 782 mn

The shares of this market leader in the Indian crop-protection sector gained up to 1.05 percent after the company executed definitive agreements for acquiring 85% equity shares of Barrix Agro Sciences Pvt. Ltd worth Rs 782.01 million.  With a market capitalization of Rs 20,457.49 Crores, The shares of Sumitomo Chemical India Ltd were trading at [...]
Chemical stock jumps 2% after acquisition of 100% stake in Time Medical International Ventures (India)

Chemical stock jumps 2% after acquisition of 100% stake in Time Medical International Ventures (India)

The shares of this chemical manufacturer gained up to 2 percent after the company board approved the acquisition of 100 percent share capital of Time Medical International Ventures (India) Pvt Ltd.  With a market capitalization of Rs 20,457.49 Crores, The shares of Fischer Chemic Ltd were trading at Rs 199.70 a share, an increase of [...]