Stocks to watch: UltraTech, ICICI Bank, PNB, Uno Minda, Bosch, Indigo, REC, KEC International
UltraTech Cement and India Cements: UltraTech Cement’s Board approved the purchase of a 32.72% equity stake in India Cements from its promoters and their associates for ₹3,954 crore at ₹390 per share. This stake sale will trigger a mandatory open offer at ₹390/share, subject to regulatory approvals. The price offered is 4.1% higher than ICL … Read more
