Stocks in news: L&T Finance, Ambuja Cement, Vodafone Idea, Puravankara, Wipro

Equity indices hit their fresh record levels on Thursday after lower-than-expected inflation raised hopes of an interest rate cut by the RBI. In today's trade, L&T Finance, Ambuja Cement, Vodafone Idea, Puravankara, Wipro among others will be in focus due to various news developments.

L&T Finance
Morgan Stanley bought 3.13 crore equity shares in L&T Finance for over Rs 534 crore through a block deal on Thursday.


Ambuja Cement
Adani Group-owned Ambuja Cement today announced the signing of a binding agreement for the acquisition of Penna Cement (PCIL) at an enterprise value of Rs 10,422 crore.

Vodafone Idea
Vodafone Idea's Board approved a fundraising proposal up to Rs 2,458 crore through issuance of over 166 crore fully paid-up equity shares in one or more tranches on a preferential basis.

Purvankara
Puravankara's Board on Thursday approved a Rs 1,000 crore fundraising plan through the qualified institutional placement (QIP) mode in one or more tranches.

Nitco
The Board of NITCO approved a monetisation of immovable property in Mumbai and conveyance deed worth Rs 232 crore with Runwal Construction.

Wipro
Wipro joined hands with Siemens to transform automotive software development through the integration of the PAVE360.

Nalco
Nalco said it executed the Pottangi Bauxite mining lease deed with the Odisha government for about 698 hectares area.

Suven Pharma
Suven Pharma signed a definitive agreement to acquire 100% equity shares in Hyderabad-based Sapala Organics.

MosChip Technology
MeitY has approved design-linked incentive (DLI) application for development of a smart energy meter IC for India and overseas markets.