GTPL Hathway, Anand Rathi Wealth, Vodafone Idea, LT Foods, Rashtriya Chemicals & Fertilizers, and Power Finance Corporation will also be in focus on Friday.
The deal value, which is worth Rs 5,200 crore, is greater than the firm's closing market cap of Rs 2,900 crore on September 13, when the deal was announced. Analysts believe the company may look to reduce debt with the proceeds from the deal, which currently stands at Rs 3,969 crore.
"In the coming week, 17,600 followed by 17,400 are likely to provide some cushion for the index and till the time, we do not close below these key levels, we would continue with our 'buy on decline' strategy," Sameet Chavan, Chief Analyst-Technical and Derivatives at Angel One, said
Wadia chose not to renew his contract as Managing Director of the company, that expired on March 31, 2021, Bombay Dyeing said in a regulatory filing.
Bessemer India Capital OGPL sold 60,50,352 shares in Orient Green Power (representing 0.8 percent of its total paid up equity) at Rs 2.84 per share