Mega-Cap Stocks Under Focus: Reliance Industries, Tata Motors, Adani Ports & More

By Malvika Gurung — Reliance Industries (NS:): The oil-to-telecom conglomerate has entered into a definitive agreement for acquiring a 79.4% stake in the California-based software developer SenseHawk for a total consideration of $32 million.

Tata Motors (NS:): The domestic automaker will invest up to Rs 4,000 crore in the next two years for revamping and rationalising its product portfolio and introducing cleaner powertrains.

NTPC (NS:): The public sector energy conglomerate announced the acquisition of 600 MW Jhabua Power Plant for Rs 925 crore.

Adani (NS:) Ports & SEZ: The Supreme Court has given relief to the largest private multi-port operator by allowing it to withdraw its petition challenging the high court’s order that cited the company’s disqualification from a Visakhapatnam Port Trust project.  

Cipla (NS:): The pharmaceutical major, along with Torrent Pharmaceuticals (NS:) and JB Chemicals are in the final race for acquiring Medley Pharmaceuticals in an about Rs 4,500 crore worth deal.

Axis Bank (NS:): The private lender allotted over 44,000 equity shares of Rs 2 apiece on Monday.

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