Stocks to Watch: Tata Motors, Glenmark, Samhi, Zaggle, Wipro, Vedanta, Indigo, and Others
News 18Stocks To Watch on September 22: GIFT Nifty on the NSE IX traded 30.5 points, or 0.16 per cent, higher at 19,692.5, signaling that Dalal Street was headed for positive start on Friday. Glenmark Life Sciences: Mumbai-based Glenmark Pharmaceuticals said on Thursday that its board has approved the divestment of a 75 per cent stake in its subsidiary Glenmark Life Sciences to Nirma at Rs 615 a share, implying a valuation of Rs 7,535 crore. Glenmark Pharma will continue to own a 7.84 per cent stake in GLS, and pursuant to the transaction, Nirma will make a mandatory open offer to all public shareholders of GLS Samhi Hotels, Zaggle Prepaid Ocean Services: The two companies will debut at the bourses on Friday. ICICI Bank: The lender will buy a 9.99 per cent stake in Quantum CorpHealth Private for Rs 4.99 crore by the end of October 2023. The Phoenix Mills: The company has completed the acquisition of balance 5,000 equity shares, constituting 50 per cent of the share capital of Bartraya Mall Development Company Private Limited.