Top gainer: Wipro 546 ▲ 16 (+3.1%)
Top loser: Adani Ports 1,451 ▼ 20 (-1.4%)
Patanjali Foods slips over 4% after 1.2 crore shares change hands in block deal
Shares of Patanjali Foods Limited fell over 4% to hit an intraday low of ₹1,850 apiece on the NSE on Friday, September 13, after news reports said that as many as 1.2 crore shares, or 3.3% of the company’s equity stake, changed hands in a block deal. The size of the deal was reported to be ₹2,223.4 crore at a floor price of ₹1,815 per share. Promoters were reported to be the likely sellers in the deal. However, official confirmation on the parties involved and the exact size of the deal was awaited. Read more
HCL Technologies trades positively after the acquisition of France-based data analytics firm Zeenea
HCL Technologies’ software business division – HCLSoftware, has completed the acquisition of Zeenea, an innovator in data catalog and governance solutions based in Paris, France. HCLSoftware will enhance its Data & Analytics business (Actian) through this acquisition. HCLSoftware Actian Data Platform has seen strong growth in Hybrid Data Management and Integration over the last few years. Adding metadata management, data catalog and governance capabilities will enable customers to consume these capabilities of the data platform. Read more
Puravankara shares rise 5% on securing redevelopment rights for high-end South Mumbai apartments
Shares of Puravankara Limited rallied 5% to hit an intraday high of ₹456.95 apiece on the NSE on Friday, September 13, after the company acquired the redevelopment rights of a prestigious society in Mumbai. Puravankara informed the exchanges on September 12 that it has acquired the redevelopment rights of Miami Apartments located in Breach Candy, Mumbai. The apartments are spread over 2,000 square metres of land. The company said that the acquisition of redevelopment rights marks its entry into the uber-luxury South Mumbai market. The company claimed that the land rates in the region are estimated to be in the range of ₹1,25,000 to ₹1,40,000 per sqft. Read more