Stocks to Watch: Wipro, Zomato, Tata Power, Aster DM Healthcare, Siemens, PCBL and more
Aster DM Healthcare | Corporate hospital chain announced that its subsidiary, Affinity Holdings Private Ltd, is set to divest its stake in Aster DM Health FZC to Alpha GCC Holdings for $1.01 billion. The consideration for this deal amounts to $1.01 billion, with $903 million, subject to customary adjustments, payable at closing.Zomato | China-based Alipay will sell 29.6 crore shares of the Indian food delivery aggregator through block deals, sou+rces have told CNBC-TV18. The people in the know also said that there will be a lock-in period of 90 days. Alipay is set to raise $395 million or ₹3,290 crore by selling shares of Zomato at ₹111.28 apiece, sources said.Siemens | Engineering and automation major reported a 49.8% year-on-year jump in net profit at ₹571.6 crore for the fourth quarter that ended September 30, 2023. The company follows the October-September financial year. The company’s revenue from operations increased 24.7% to ₹5,807.7 crore against ₹4,657.1 crore in the corresponding period of the preceding fiscal.PCBL | The board of directors of the company have given green light for the acquisition of 100% of the issued and paid-up share capital of Aquapharm Chemicals Private Ltd for ₹3,800 crore. The in-principle approval involves the purchase of 212,172 shares of ACPL at an aggregate consideration of ₹3,800 crore, subject to agreed adjustments.Canara Bank | The state-owned bank said it has received Reserve Bank of India’s (RBI) approval to sell its stake in its factoring subsidiary. Canara Bank holds 70% of its unlisted subsidiary, Canbank Factors Ltd. The bank is exploring/evaluating the procedures with regard to the same, Canara Bank said in a regulatory filing.Tata Power | The company on said its subsidiary Tata Power Renewable Energy has clinched a letter of award for a 200-MW firm and dispatchable renewable energy project in collaboration with SJVN. The project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours, thereby contributing to grid stability.Wipro | The IT major said it has launched its continuous compliance solution built on Amazon Security Lake in collaboration with Amazon Web Services (AWS). Amazon Security Lake automatically centralises an organisation’s security data from across their AWS environments, SaaS providers, on-premises environments, and cloud sources into a purpose-built data lake.
