6:00 PM Mumbai – Bajaj Corp agreed to acquire Nomarks to enter skin care market. Baring Private Equity acquired 42% stake of Hexaware for $400 million. NHPC plans to buy back shares worth Rs 1,600 crore.
The Sensex Index climbed 206.50 or 1.1% to close at 18,519.44 The CNX Nifty gained 63.30 or 1.2% to close at 5,471.75. For the week, Sensex slid 0.4%.
Gainers & Losers
Bajaj Corp Limited
surged 5.2% to Rs 252.35 and the company agreed to acquire Nomarks from Ozone Ayurvedics. Ozone has 12% market share in the Rs 342 crore anti-marks category and the larger skin care market is estimated at Rs 8,500 crore.
After the deal, Bajaj’s annual revenue will increase 7% to Rs 600 crore.
Gitanjali Gems Limited
declined 4.9% to Rs 73.10 and Macquarie Bank Limited sold 5,63,016 shares or 0.61% stake in the jeweler at Rs 81.02 per share.
Hexaware Technologies Limited
gained 1.6% to Rs 120.75 after the report Baring Private Equity Asia agreed to acquire 42% stake in the company for $400 million.
Larsen & Toubro Limited
increased 1.8% to Rs 738.75 and the company plans to form new subsidiary L&T Technology Services.
jumped 2.5% to Rs 16.75 after the hydro power producer plans to buy back shares worth Rs 1,600 crore.
Reliance Infrastructure Limited
climbed 3.8% to Rs 357.10 after the company received approval from Maharashtra Electricity Regulatory Commission to recover past arrears of Rs 5,550 crore in next six years.
Sun Pharmaceutical Industries Limited
rose 1% to Rs 507.25 and its rival Himka Pharma raised sales outlook for doxycycline to $230 million from $200 million.