Bharat Forge Share Price Rises On Acquiring Stake In U.K.’s Tevva Motors

Gold Silver Reports (GSR) – Bharat Forge Rises On Acquiring Stake In U.K.’s Tevva Motors – Shares of the Pune-based auto parts maker rose as much as 2.49 percent, the most since May 25, to Rs 668.20. Bharat Forge has picked up a strategic stake in UK-based Tevva Motors, a provider of electric powertrain solutions for commercial vehicles, for £10 million.              

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Usha Martin Surges On Plans To Sell Steel Business

Gold Silver Reports (GSR) – Usha Martin Surges On Plans To Sell Steel Business – Shares of the Kolkata-based steel cable maker rose as much as 11.5 percent to Rs 33 after the company informed exchanges that it is exploring options to sell its steel business to deleverage the company.

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Punjab National Bank (PNB) : Rises On Divestment Plans

PNB Q3 Results

Gold Silver Reports (GSR) – Punjab National Bank (PNB): Rises On Divestment Plans — Shares of the fraud-hit lender extended gains for the fourth straight session today, its longest winning streak since Oct last year. The stock rose as much as 4.4 percent to Rs 92.35 apiece.

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Electrosteel Steels Surges On Detailing steps for acquisition by Vedanta

Gold Silver Reports (GSR) – Electrosteel Steels Surges On Detailing steps for acquisition by Vedanta – Shares of the debt-ridden steel producer rose as much as 4.42 percent to Rs 1.18. Electrosteel Steels spelled out steps to be taken for completion of its takeover by Vedanta Star and subsequent delisting from stock exchanges.             

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