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Market Update

RCapital Sell Stake in Yatra.com, Cipla Sells Stake in Jiangsu

Author: Mukesh Buch
Last Update: 8:42 AM ET December 10 2014

6:00 PM Mumbai BHEL plans to set up a solar photo-voltaic unit in Maharashtra. Cipla sold 48% stake in Jiangsu and RCapital sold 16% stake in Yatra.com. Tata Power acquired Ideal Energy Projects in Maharashtra. RIL and Chinese firm are in a textile joint venture.

The Sensex Index increased 34.09 to close at 27,831.10. The CNX Nifty rose 14.95 to 8,355.65.

Gainers & Losers

Bharat Heavy Electricals Ltd dropped 2.3% to Rs 253.10 and the power generation equipment maker plans to set up 500 MW per annum solar photo-voltaic unit in Maharashtra.

Cipla Limited advanced 1.5% to Rs 649.35 and the pharmaceutical company said its subsidiary sold its 48.2% equity interest in China-based Jiangsu.

Reliance Capital Ltd. climbed 4.3% to Rs 538 after the financial service provider sold 16% stake for about Rs 500 crore in Yatra.com.

Tata Power Company Limited jumped 1.9% to Rs 87 after the largest integrated power company agreed to acquire Ideal Energy Projects in Maharashtra.

Reliance Industries Limited fell 0.8% to Rs 932.05 and the conglomerate said it will transfer its textile business into a new joint venture with China-based Shandong Ruyi, for a cash consideration.

Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc