Here are stocks that are in news today:
Tech Mahindra and Mahindra & Mahindra-M&M & Tech Mahindra to acquire Italian car design company Pininfarina-To form an SPV where M&M will hold 40 percent and Tech Mahindra will hold 60 percent-SPV to make open offer to public shareholders of Pininfarina for 23.94 percent share-To acquire 76.06 percent in Pininfarina for euro 25.3 million-SPV to infuse euro 20 million into Pininfarina via rights issue
Sun Pharma-Company announces divestment of US manufacturing unit-Company is in agreement with Nostrum for divestment of The Bryan (Ohio) Unit-Arm divests unit as a going concern along with employees, related products-Details of transaction confidential, financial impact on company is negligible
Shriram EPC says-To consider conversion of working capital term loan of CDR lenders into equity shares-Board to meet on December 18 to consider promoter infusion of equity capital on preferential basis
NHPC says-Parbati-III power station in Himachal Pradesh to be completely shut from December 15-February 15-Power station to be shut to carry out repair works & annual maintenance
Other stocks and sectors that are in news today:-Petron Engineering gets order worth Rs 22.5 crore from Ramco Cements-NBCC gets order to carry out work under Clean Ganga Mission in Bihar-Hotel Leela completes sale of The Leela, Goa on slump sale basis for Rs 725 crore-Trilogic Media to consider preferential allotment of 1.7 crore convertible warrants to non-promoters on December 22-Sundaram Clayton says operations at all of company's plants in & around Chennai have been fully restored-Container Corporation stake sale: Merchant bankers will make presentation to government on December 22
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