TATA Consumer plans to acquire Bisleri for Rs. 7,000 crore

The Markets Today in a nutshell

• Domestic benchmark indices ended on a positive note.
• Firm global cues backed by dovish US Federal Reserve minutes along with falling crude and dollar prices boosted market participants sentiments. Barring the Nifty Consumer Durables index, all the sectoral indices on the NSE ended higher. IT, financials and oil & gas stocks were in demand.

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News you could use

? TATA Consumer plans to acquire Bisleri for Rs. 7,000 crore
Tata Consumer Products advanced 2.83% after the company issued a clarification on media reports stating its plans to acquire part stake in packaged water firm Bisleri. The media reported today that Ramesh Chauhan is divesting Bisleri International to Tata Consumer Products Ltd (TCPL) for an estimated Rs 6,000-7,000 crore. Bisleri is reportedly Indias largest packaged water company.

? Reliance share price rises as JIO 5G activated in Pune
RIL said that Jio announced that Jio True 5G will now be available in Pune from 23 November 2022. Jio users in Pune will be invited to the Jio Welcome Offer, to experience Unlimited Data at up to 1 Gbps+ speeds, at no additional cost.

? Biocon share price slips on partnership with European company
Biocon slipped 2.18%. The company has announced the signing of a semi-exclusive partnership agreement with Zentiva, a leading pharmaceutical company in Europe, for the commercialization of its vertically integrated, complex formulation, Liraglutide, a drug-device combination for the treatment and management of Type 2 diabetes and obesity.

News from the IPO world?

• Keystone Realtors debuts at 3 percent premium over IPO price
• Uniparts India’s public issue to kick off next week
• Foxhog Ventures files draft IPO papers with SEBI

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