Essel Propack shares ended the day 5.52 per cent up at Rs 235 after it announced a complete buyout of its partner's stake in Essel Deutschland Germany for USD 32 million (around Rs 214 crore).
Domestic equity markets ended flat on Wednesday as investors remained cautious ahead of US Federal Reserve policy meer outcome slated later in the day. Sensex closed 15.78 points down at 28,507.42, while NSE Nifty rose 1.25 points to close at 8,777.15.
Below are the 7 stocks that made news in Wednesday’s trade
Vardhman Textile: Stocks of the company closed 4.82 per cent up at Rs 1005.45 as reports said that it may consider proposal to buy-back the fully paid-up equity shares of the company.
MCX and Financial Technologies: Stocks of MCX settled the day 1.66 per cent up at Rs 1025.80, while Financial Technologies scrip ended 3.18 per cent down at Rs 80.70 as CBI on Tuesday arrested promoter of FTIL and commodity bourse MCX Jignesh Shah in a case of alleged cheating and suppression of facts in getting SEBI extension to MCX-SX to continue as a private stock exchange in violation of norms. MCX rose after after it signed an agreement with Mozambique Commodities Exchange for strategic cooperation.
Essel Propack: Shares of the company ended the day 5.52 per cent up at Rs 235 after it announced a complete buyout of its partner’s stake in Essel Deutschland Germany for USD 32 million (around Rs 214 crore).
Monsanto India: Stocks of the seed company closed 2.08 per cent up at Rs 2446.10 as Bayer group on Tuesday announced open offer to buy up to 26 per cent additional stake in it for over Rs 1,100 crore following its global deal to acquire US-based biotech major.
ONGC: The Tax Department has slapped a service tax demand of over Rs 6,100 crore on the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), a move that may potentially render its investments in oil and gas fields abroad infructuous. Later, the scrip settled the day 0.68 per cent down at Rs 256.
TeamLease Services: The staffing services firm will acquire NichePro Technologies for an enterprise value of up to Rs 29.5 crore. Stocks of the company ended 2.12 per cent up at Rs 1122.35.