6:00 PM Mumbai – Cox & Kings divested its subsidiary Holidaybreak to Homair Vacances for £89 million. IDFC offered launched Rs. 2,000 crore institutional equity placement today. Indian Hotels plans to sell its stake in Morocco hotel. NTPC invest Rs 10,571 crore in two thermal plants.
The Sensex Index fell 61.54 or 0.2% to close at 26,995.87 The CNX Nifty slid 8.40 to 8,085.70.
Gainers & Losers
Cox & Kings Ltd
increased 1.9% to Rs 305.85 after the company sold its camping division Holidaybreak to Homair Vacances for £89.2 million or Rs 692 crore.
The company also plans to raise up to Rs 350 crore via through a qualified institutional placement and cut its large debt of Rs 5,400 crore.
climbed 3.5% to Rs 150.05 after the company launched an institutional share placement to raise as much as Rs. 2,000 crore.
The Indian Hotels Company Limited
jumped 3% to Rs 100.70 and the luxury hotel operator divested its stake in Taj Palace Marrakech in Morocco in just one year.
rose 0.4% to Rs 140.05 after the company’s board approved investment of about Rs 10,571 crore for two thermal plant projects.
State Bank of India
gained 1.9% to Rs 2,601.40 and the bank plans to roll out an employee stock option scheme for its more than 2,19,000 employees.
Sun Pharmaceutical Industries Limited
declined 4.3% to Rs 822.80 and the U.S. drug regulator conducted a surprise inspection of the Halol plant in Gujarat.