NDTV hits upper circuit post Adani Group announcement to acquire stake

The Markets Today in a nutshell

• Domestic market ended with modest losses.
• Crude prices rose as Saudi Arabia suggested that OPEC+ supply may be reduced to address market instability. Ahead of the Jackson Hole symposium, investors across the world are eagerly expecting the Fed chair’s speech to evaluate the outlook for monetary policy.

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?Bharti Airtel falls as company’s promoters announced it will buy stake from Singtel
Singtel said it will retain 29.7% in Airtel and it remains fully committed to Airtel’s next phase of growth. Singtel’s wholly-owned subsidiaries have entered into a share purchase agreement to sell a 3.3% direct stake in regional associate Airtel to Bharti Telecom, a joint venture between Bharti Enterprises and Singtel, at any time before 23 November 2022.

?NDTV hits upper circuit post Adani Group announcement to acquire stake
The stock hit the 5 percent upper circuit for the third day in a row after Adani Group announced it would pick a 29.18 percent stake in the company and make an open offer to acquire 26 percent more.

?PolicyBazaar surges on raft of investment in Indian and UAE
PolicyBazaar rose over five percent on August 25 after the company made a slew of investments in subsidiaries and incorporated a new subsidiary in Abu Dhabi. The board has considered and approved the incorporation of a stepdown wholly owned subsidiary called PB Fintech FZ-LLC in Abu Dhabi.

News from the IPO world?

• JFL Life Sciences Limited SME IPO opens today.
• Sysma SGS Technology; experts expect a healthy debut on August 26th.
• Dreamfolks Services IPO; issue subscribed 6.09 times on day two.

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