Stocks to watch on April 28, 2023

Godrej Consumer Products he have Acquired the FMCG business of Raymond Consumer Care Ltd (RCCL). The acquisition cost is Rs 2,825 crore and the transaction is expected to be completed by May 10. With this deal, Godrej will acquire Raymond’s signature brands, such as Park Avenue, KS, KamaSutra and Premium. Park Avenue as a clothing brand will remain with Raymond. RCCL will be a listed entity with a fully consumer focused lifestyle business selling the consumer products business to GCPL at a down sale. This will enable RCCL to be freed from net debt.

board of directors Wipro Agree on Repurchase of equity shares worth Rs 12,000 crore from the shareholders. The company plans to purchase up to Rs. 26.97 crore (representing 4.91 per cent of the total number of equity shares) on a pro-rata basis by bidding at a price of INR 445 per equity share. The buyback price is about a 19 percent premium to Wipro’s Thursday closing price on the exchanges. Members of the Company’s Promoter and Promoter Group will also participate in the proposed buyback

Also read: Wipro reports muted Q4, net down 0.4%

IRB Infrastructure Developers Emerged as the selected bidder for the Tolls, Operation, Maintenance and Transfer (TOT) project Nehru outer ring in Hyderabad, Telangana. The total length of the project road is 158 km. The company has received the Letter of Award from the Hyderabad Urban Development Authority (HMDA). The Immigration and Refugee Board will pay an advance concession fee of INR 7,380 crore to HMDA for the 30-year revenue related concession period.

A Life Insurance Corporation (LIC) trader in India has been arrested by SEBI for… Deal management in the stock market insurance giant. In the order issued Thursday, SEBI prohibited LIC trader Yogesh Garg from buying, selling or dealing in securities until further orders. SEBI also banned four of his relatives.

Central Bank of India he have Raised $750 million by issuing 5-year bonds at a coupon rate of 4.875 percent.

Evaluating the results: Atul, CarTrade Tech, CSB Bank, eMudhra, Himadri Specialty Chemical, L&T Finance Holdings, Mahindra & Mahindra Financial Services, Ramkrishna Forgings, Star Health and Allied Insurance Company, SBI Cards and Payment Services, Tata Metaliks, UltraTech Cement, Vedant Fashions,