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Havells plans to divest majority stake in Sylvania
Havells plans to divest majority stake in Sylvania, as per media reports.
As per media reports Havells may divest its majority stake in its European subsidiary Sylvania (acquired in 2007) to focus on domestic market. The company is in negotiations with some of the leading global players in the lighting space and private equity firms. It is expected to complete the deal shortly.
CESC drops post winning Pune franchise of IPL
Shares of CESC dropped 7% to Rs 510 on NSE on another investment in unrelated areas, won Pune franchise of the IPL, negative for the stock.
As per announcement in BSE, CESC through one of its subsidiary ( New Rising Promoters Pvt) has won the rights and obligations to operate Pune franchise of the IPL for a period of two years.
BHEL up after govt says no divestment plans
Bharat Heavy Electricals Ltd ( BHEL) rose over 3%, touching to Rs169.9, after Heavy Industry Minister Anant Geete clarified to the media that there were no plans of divestment of the government's stake in the company.
Dr.Reddy's drops on submitting response to USFDA
Dr.Reddy's Laboratories slipped nearly 4%, to Rs2953.35, after company annnounced that it has submitted a response to the US health regulator on a warning letter it had received last month.
NTPC to shut Badarpur 750MW power plant
NTPC’s Badarpur 750MW power plant will be closed down within 7 days as ordered by Delhi Gov – Negative for NTPC
NTPC is gradually trying to shut the plant anyway. Out of the five units in it, only one of 210 MW is operational now.
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