HUL completes acquisition of Nutritionlab

The Markets Today in a nutshell

• Domestic stock market ended on a negative note.
• Market sentiments were dicey as minutes of US Fed Policy Meet reinforced expectations that the US Central bank is likely to continue rising interest rates to control inflation going forward. Global markets focus on economic data from the region, and the latest signals from the U.S. Federal Reserve on inflation and interest rates.

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News you could use

? TATA Motors share price advanced on JLR business update
Total Jaguar Land Rover (JLR) registrations in UK declined by 12.5% to 3,501 units in December 2022 from 4,002 units in December 2021. While Jaguar registrations dropped by 32% to 909 units, Land Rover registrations fell by 3% to 2,592 units in December 2022 over December 2021.

? Lupin share price rallied on new drug launch
The drug major announced that it has launched a novel fixed-dose triple drug combination (FDC) of Indacaterol, Glycopyrronium and Mometasone for managing inadequately controlled asthma amongst patients, under the brand name Difizma in India.

? HUL completes acquisition of Nutritionlab
HUL has completed the acquisition of 19.8% shareholding of Nutritionalab, for a total consideration of Rs 70 crore in accordance with the terms and conditions of the Definitive Agreements dated 8 December 2022.

News from the IPO world?

• J&J’s consumer health unit Kenvue files for IPO ahead of spin-off
• FabIndia Limited shares its IPO size to be Rs 4000 Crores
• Zaggle Prepaid Ocean Services offers its IPO share size to be Rs 490 Crores

Numbers? that matter