Here are some of the stocks that may see significant price movement today.
Infosys: The IT company informed its shareholders and bourses that it will buyback shares worth ₹18,000 Crore. The buyback will take place at a price per share value of ₹1,800. This will cover 100 million equity shares, aggregating to about 2.41% of the outstanding equity share capital of the company. Also, the business informed that it has inked a 10-year pact with HanesBrands to modernise their digital and data operations.
Mahindra & Mahindra: The company announced that its wholly-owned arm Mahindra Holdings will acquire stakes in Mahindra & Mahindra Contech and PSL Media & Communications. Hence, they will become subsidiaries of Mahindra Holdings. With this move, it will simplify the structure of the group, hence enhancing transparency and improving efficiency.
Lodha Developers: The business announced that it has inked a Memorandum of Understanding (MoU) with Maharashtra government. The MoU underlines the setting up of a Green Integrated Data Centre Park in Palava. The estimated investment for this project is about ₹30,000 Crore.
JBM Auto: The company said that its subsidiary, JBM Ecolife Mobility, has secured $100 Million order from IFC to supply 1,455 electric buses across Maharashtra, Assam, and Gujarat.
NBCC (India): The company said that it has signed a Memorandum of Understanding (MoU) with RIICO for the development of projects worth ₹3,700 Crore. The projects are to be located near Jaipur International Airport.
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