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Shareholder lock-in: Shares worth over ₹20,000 crore of these four companies free up for trade today
Shares of Park Medi World, Nephorcare, Vishal Mega Mart and Sai Life are trading with gains of anywhere between 50% to as high as 120% from their issue price on the day their six-month and beyond shareholder lock-in ends.
Adani Ports to acquire 100% stake in Jaypee Fertilizers & Industries
JFIL is the holding company of Kanpur Fertilizers and Chemicals (KFCL) (which has certain industrial and commercial lands in Kanpur). KFCL holds ~243 acres of land in Kanpur, strategically ideal for development of a world-class logistics park and warehousing facilities aligned with the Company's logistics business. The acquisition shall further consolidate Company's inland logistics presence and service capabilities in North India. The acquisition aligns with Company's ambition to expand its MMLP network from 12 to 16 and warehousing capacity by c.4x by the year 2031.