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Tata Technologies: The subsidiary of Tata Motors and the global engineering services company will be available for trading on the BSE and NSE from November 30. The issue price was fixed at Rs 500 per share. The grey market indicates the listing premium may be around 75 percent over the offer price, analysts on anonymity said.
Zomato: Alipay Singapore Holding Pte Ltd exited the food delivery giant by selling its entire shareholding of 3.44 percent, or 29,60,73,993 equity shares, via open market transactions at an average price of Rs 112.70 per share, amounting to Rs 3,336.75 crore. However, Morgan Stanley Asia (Singapore) Pte. Ltd. bought 4,39,73,993 equity shares, or 0.51 percent of Zomato, at the same average price.
SBI Life Insurance Company: The shareholders have given approval for the appointment of Amit Jhingran as Managing Director and Chief Executive Officer of the company.
UltraTech Cement: The cement major has acquired the 0.54 mtpa cement grinding assets of Burnpur Cement at Patratu in Jharkhand for Rs169.79 crore. This investment marks the company’s entry into Jharkhand. Now its capacity in India stands at 133 mtpa (million tonnes per annum).
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