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Stocks to Watch: Aster DM, CDSL, Cipla, LIC, SpiceJet, Angel One, Cipla, and Others – News18

Last Updated: March 27, 2024, 08:04 IST

Stocks To Watch On March 27: Equity indices declined on Tuesday, snapping their three-day gaining streak amid mixed global trends. In today’s trade, shares of Angel One, CDSL, Apollo Pipes, Cipla, Aster DM Healthcare among others will be in focus due to various news developments.

Aster DM Healthcare: Private equity firm Olympus Capital Asia plans to sell a 9.8 per cent stake in India’s Aster DM Healthcare for up to 19.53 billion rupees (nearly $234.5 million), according to a term sheet seen by Reuters on Tuesday.

Central Depository Services (India): Standard Chartered Bank, a public shareholder of CDSL is likely to sell its entire 7.18 per cent stake (75 lakh equity shares) for $151 million through a block deal, CNBC-TV18 reported.

SpiceJet: SpiceJet on Tuesday said it had signed an agreement with aircraft lessor Export Development Canada (EDC) to settle liabilities worth Rs 755 crore.This pact will allow the airline to take ownership of 13 of the 15 Bombardier Q400 aircraft financed by EDC.

Adani Ports: India’s largest port operator Adani Ports and Special Economic Zone (APSEZ) has expanded its presence on India’s coastline after buying 95 per cent in Odisha’s Gopalpur Port Ltd (GPL) at an enterprise value of Rs 3,080 crore.

L&T: Engineering conglomerate Larsen & Toubro (L&T) on Tuesday said the company’s board had approved a proposal to raise Rs 7,500 crore. This will be in the form of external commercial borrowing, term loans, non-convertible debentures, etc.

LIC: Life Insurance Corporation of India (LIC) on Tuesday said tax authorities have slapped a demand notice of about Rs 39.39 lakh on it for short payment of Goods and Services Tax (GST) for 2017-18.

Sanofi India and Cipla: Both companies announced on Tuesday an exclusive partnership to boost access to Sanofi’s Central Nervous System (CNS) medications across India. Cipla will leverage its extensive network to distribute Sanofi’s CNS portfolio, including Frisium, a leading anti-epileptic drug. Sanofi will retain ownership, import, and manufacture of the CNS products.

Piramal Enterprises: The company invested Rs 2,000 crore in unit Piramal Capital and Housing Finance by way of subscription to a rights issue.

Angel One: The company has set a floor price of Rs 2,555.01 a piece for its QIP.

APL Apollo Tubes: It completed the acquisition of 53.57 per cent share capital and voting rights in KML on March 26, 2024, making it a subsidiary.

IIFL Finance: The company appointed Arun Kumar Purwar as chairman and an additional non-independent non-executive director effective April 1.

Disclaimer:Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.

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Amit Ghosh
Amit Ghoshhttps://serpways.com
MYSELF AMIT GOSH. I AM A PROFESSIONAL BLOGGER AND RESEARCHER.
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