Torrent Power to Acquire 100% of Surya Vidyut Shares for an Enterprise Value of Rs 790 million
Domestic equity markets are likely to open cautiously due to subdued global signals. US stocks closed almost unchanged Tuesday after a broad sell-off the day before, with concerns about problems at developer China Evergrande and caution ahead of policy news from the Federal Reserve on Wednesday keeping the market in check. Asian stock markets got off to a cautious start Wednesday amid lingering nerves over the fallout from an impending failure in China Evergrande and anticipation that the Federal Reserve may take another step toward downsizing. And the trends in SGX Nifty indicate a flat open for the Nifty. As of 7:30 a.m., Nifty futures were trading at 17,574, a 13-point decline on the Singapore Stock Exchange.
The BSE Sensex was up 514.34 points to 59,005.27 and the NSE Nifty was up 165.10 points to 17,562.
Actions to watch out for when trading in today's session
MTAR technologies
MTAR Technologies has received NADCAP certification for its 100% EOU and Unit 5 in Telangana for 12 months through November 2022.
Mphasis
Mphasis has acquired Blink UX for $ 94 million.
Power of the torrent
Torrent Power has entered into a share purchase agreement to acquire 100 per cent of the shares of Surya Vidyut at an enterprise value of Rs 790 million.
KEC International
KEC International, one of the leading global infrastructure EPC companies, has secured new orders worth Rs 1,157 million across its various businesses, including transmission and distribution, railways and civil works.
