6:00 PM Mumbai – Autoline sells its U.S. subsidiary for $9 million. Fortis Healthcare sells its Singapore-based diagnostics unit for S$137 million. RIL raised its stake in Reliance Jio to about 99%. RPP Infra won new order worth Rs 55.20 crore in Uttar Pradesh.
The Sensex Index declined 244.48 or 0.9% to close at 26,816.56 The CNX Nifty dropped 63.50 to 8,042.
Gainers & Losers
Autoline Industries Ltd
climbed 3.6% to Rs 107.80 after the auto parts maker agreed to sell the U.S.-based subsidiary for $8.5 million to an undisclosed buyer.
Fortis Healthcare Ltd
soared 6.7% to Rs 130 after the healthcare provider sold its Singapore-based diagnostics unit for S$137 million or Rs 660 crore.
K.S. Oils Limited
jumped 3.3% to Rs 2.17 and the company inched closer to selling its edible oil business and wind power assets.
Reliance Industries Limited
dropped 1.3% to Rs 1,002.85 and the company raised its stake in Reliance Jio to 99% ahead of the launch of mobile phone services.
RPP Infra Projects Ltd
surged 7.5% to Rs 92 after the company won a new order for rural electrification work worth Rs 55.20 crore in Uttar Pradesh.
Tata Steel Limited
slipped 1.8% to Rs 507.55 after the company expected first unit start its operations of 55,000 tons per year ferrochrome plant in Odisha by March 2015.
The steel producer invested approximately Rs 800 crore or $132 million.