Hindustan Zinc
Promoter Vedanta will be selling a 3.17% stake in Hindustan Zinc through an offer-for-sale (OFS) from August 16-19. The OFS will have a base size of 1.22% with an option to sell an additional 1.95% stake in case of oversubscription. The floor price has been fixed at Rs 486 per share.
Tata Steel
The company has acquired 115.92 crore ordinary equity shares of its subsidiary, T Steel Holdings Pte, for $182 million (Rs 1,528.24 crore). Post this acquisition, T Steel Holdings Pte will continue to be a wholly owned subsidiary of the company.
Power Mech Projects
The company has received an order worth Rs 114.30 crore from Coastal Energen. The order involves the operation and maintenance of a 1,200 MW (2*600 MW) coal-based thermal power plant, namely Mutiara Thermal Power Plant, owned by Coastal Energen at Melamaruthur, Tamil Nadu, for one year, effective October 1.
MSCI Asia ex Japan up 6.25 points or 1.12 per cent at 564.71
Japan's Nikkei 225 up 1086 points or 2,96 per cent at 37,813
Hong Kong's Hang Seng up 205 points or 1.21 per cent
Nasdaq closed higher, up 401 points or 2.34 per cent at 17,594
Dow Jones up 554 points or 1.39 per cent at 40,568
S&P 500 up 88 points or 1.61 per cent at 5,548
Promoter Vedanta will be selling a 3.17% stake in Hindustan Zinc through an offer-for-sale (OFS) from August 16-19. The OFS will have a base size of 1.22% with an option to sell an additional 1.95% stake in case of oversubscription. The floor price has been fixed at Rs 486 per share.
Tata Steel
The company has acquired 115.92 crore ordinary equity shares of its subsidiary, T Steel Holdings Pte, for $182 million (Rs 1,528.24 crore). Post this acquisition, T Steel Holdings Pte will continue to be a wholly owned subsidiary of the company.
Power Mech Projects
The company has received an order worth Rs 114.30 crore from Coastal Energen. The order involves the operation and maintenance of a 1,200 MW (2*600 MW) coal-based thermal power plant, namely Mutiara Thermal Power Plant, owned by Coastal Energen at Melamaruthur, Tamil Nadu, for one year, effective October 1.
MSCI Asia ex Japan up 6.25 points or 1.12 per cent at 564.71
Japan's Nikkei 225 up 1086 points or 2,96 per cent at 37,813
Hong Kong's Hang Seng up 205 points or 1.21 per cent
Nasdaq closed higher, up 401 points or 2.34 per cent at 17,594
Dow Jones up 554 points or 1.39 per cent at 40,568
S&P 500 up 88 points or 1.61 per cent at 5,548
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