Adani Wilmar Shares Decline Ahead Of Earnings

Adani Wilmar Shares Decline Ahead Of Earnings
  • Shares of Adani Wilmar Ltd. fell over 7.5% in intraday trade.
  • This is the second day the shares have declined
  • Since its debut on Feb. 8, the stock has zoomed nearly 40% in just five sessions.
  • The company is scheduled to release its December-quarter earnings today.

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Max Healthcare To Acquire Stake In Eqova Healthcare

Max Healthcare Institute Ltd. announced acquisition of equity stake in Eqova Healthcare.

  • Shares equivalent to 26% of stake in Eqova shall be acquired in the first tranche. The cost of acquisition of tranche 1 shares if Rs 47.18 crore.
  • The acquisition of remaining equity stake will be completed in a phased manner.
  • Eqova has long-term exclusive rights to aid development of and provide medical services to a 400-bed hospital to be built on Patparganj, Delhi.

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LIC IPO receipts part of revised divestment estimates

Speaking with FE earlier this week, finance secretary TV Somanathan had said that a very conservative estimate of LIC IPO receipt is included in the revised divestment estimates as neither the valuation nor the size of the issue was known at the time of fixing the estimate. The revised divestment estimate stands at Rs 78,000 crore.

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