6:00 PM Mumbai – Government plans to sell its 4.1% stake in Coal India to raise $3.67 billion. Crompton Greaves wins a contract worth $50 million in Netherlands. Hexaware signed a contract with the US based client worth $30 million. Diageo Plc agreed to buy a majority stake United Spirits for $2 billion.
The Sensex Index plummeted 291.94 or 1.6% to close at 18,509.70 The CNX Nifty declined 98.15 or 1.7% to close at 5,574.75.
Gainers & Losers
Coal India Limited
gained 2.6% to Rs 310.20 after the government plans to sell its 4.1% stake in the company to raise $3.67 billion.
Crompton Greaves Limited
fell 1.5% to Rs 91.10 after the company’s consortium wins a contract worth Rs 239 crore from Van Oord Offshore Wind Projects in Netherlands.
Hexaware Technologies Limited
rose 0.7% to Rs 90.50 after the company signed a contract with US based existing clients for three years with estimated revenue worth $30 million.
IndusInd Bank Limited
declined 3.9% to Rs 404.95 after the bank allotted 9,125 shares under employee stock option scheme.
Larsen & Toubro Limited
slipped 1.3% to Rs 1,361.45 after the company allotted 4,38,829 under employee stock option scheme.
Tata Motors Limited
edged up 0.08% to Rs 257.80 and the automaker launched Tata Prima in the Sri Lankan market.
United Spirits Limited
inched up 0.07% to Rs 1,823.90 after the Diageo Plc agreed to buy majority stake in the company for Rs.11,000 crore or $2 billion.