ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
  • Markets
    • Stocks
    • Global Markets
    • IPO
    • Companies
    • Currency
    • Commodities
  • My Money
  • Web Stories
  • Calculators
    • Income Tax Calculator
    • Home Loan/EMI Calculator
    • Mutual Fund Returns Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • SIP calculator
    • Lumpsum Calculator
    • SWP Calculator
  • Videos
    • M Se Market
    • Jeb Zindagi Zaroorat
    • Light Camera Stocks
    • Tech Takes
    • Big Bulls Ka Nishana
    • Paisa Wasool
    • Commodity Ke MrityunjayMantra
    • The Right Property Show
  • Economy & Infra
    • Policy & Initiatives
    • Agriculture
    • Telecom
    • Aviation
    • Railways
    • Retail
    • Roadways
    • World Economy
  • Exclusive
    • Wealth Guide
    • Interviews
  • Auto
    • Cars
    • Bikes
    • Electric Vehicle
    • Commercial Vehicles
  • Tech
    • Mobiles
    • Gadgets
    • Reviews
    • Tips and Tricks
    • Apps
  • Real Estate
    • Home Buyers
    • Builders
  • Trending
    • Entertainment
    • Politics
    • Lifestyle
    • Travel
    • Sports
    • IPL 2023
    • Karnataka Elections 2023
    • Viral
    • Education
    • Jobs
Read in App
Business News » Markets News

Stocks in Focus on May 30: Reliance Capital, International Paper to IDBI Bank; here are the 5 newsmakers of the day

Domestic stocks on Wednesday, May 30, 2019, witnessed losses snapping three sessions' record-breaking rally. Benchmark indices fell around 0.6 per cent amid weak global cues and fresh foreign fund outflow.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Stocks in Focus on May 30: Reliance Capital, International Paper to IDBI Bank; here are the 5 newsmakers of the day
Benchmark indices fell around 0.6 per cent amid weak global cues and fresh foreign fund outflow. PTI

Domestic stocks on Wednesday, May 30, 2019, witnessed losses snapping three sessions' record-breaking rally. Benchmark indices fell around 0.6 per cent amid weak global cues and fresh foreign fund outflow. However, there were certain stocks that came in news after the market was closed on the day and can impact the indices after they reopen for trading purposes on Thursday, May 30, 2019. Here is a list of five such stocks: 

Reliance Capital: Hero FinCorp, the retail lending arm of Hero MotoCorp Ltd., may buy Reliance General Insurance from Reliance Capital at Rs5,500-6,000 crore. Reliance General Insurance is a 100 per cent owned subsidiary of Reliance Capital. 

International Paper: International Paper has entered into a share purchase agreement with West Coast Paper Mills (WCPM) to sell its controlling interest - about 51-60 per cent stake at a price per share of Rs 275 - in International Paper APPM Limited, its India-based paper business. Pursuant to Indian securities law requirements, WCPM will launch an open offer to acquire APPM’s shares held by the public, which amounts to 25 per cent of APPM’s outstanding shares. The deal would be for about Rs558-656 crore in cash.

Nava Bharat Ventures: Company’s board during its meeting on May 29, 2019, approved the proposal for buyback of fully paid up equity shares of the face value of Rs2 each at a price not exceeding Rs160 per share. The maximum equity shares that can be bought back would be around 15.60 lakhs, which would be 0.87 per cent of the total number of Equity shares of the company. 

Cholamandalam Investment: The Financial services company has entered into agreements to raise $22 crore (USD 222 million) debt funds in the form of US dollar bonds from International Finance Corporation (IFC). 

IDBI Bank: The Bank has started the process to sell its mutual fund business. Reports suggest that the bank has appointed ICICI Securities Ltd to advise it on a 100% sale of its mutual fund business as well as IDBI Asset Management Ltd and IDBI MF Trustee Co. Ltd. The bank has invited expression of interest from buyers by June 10, 2019. 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
MarketsNifty50BSE Sensex
Written By: ZeeBiz WebTeam
Updated: Thu, May 30, 2019
08:20 am
New Delhi, ZeeBiz WebDesk
RELATED NEWS
Closing Bell: Sensex, Nifty record 7 successive loss on Monday; Adani Enterprises top loser Closing Bell: Sensex, Nifty record 7 successive loss on Monday; Adani Enterprises top loser
Zomato shares rally on home-style food service launch; Morgan Stanley is Overweight, recommends buy Zomato shares rally on home-style food service launch; Morgan Stanley is Overweight, recommends buy
8 triggers that could impact movement when Sensex, Nifty resume trading today 8 triggers that could impact movement when Sensex, Nifty resume trading today
Sebi proposes regulatory framework for ESG Rating Providers Sebi proposes regulatory framework for ESG Rating Providers
Closing Bell: Sensex, Nifty end February series in red; Hindalco top gainer while Asian Paints biggest laggard Closing Bell: Sensex, Nifty end February series in red; Hindalco top gainer while Asian Paints biggest laggard

LATEST NEWS

Uber partners with GeM portal to offer taxi services to govt offices, agencies, PSUs at fixed price

New Parliament Building Inauguration: RJD compares shape with coffin

Cabinet secretary-led panel to interview five candidates for RBI deputy governor's post on June 1

New Parliament building reflects aspirations of new India: PM Modi

Union government trying to ruin development of Kerala, says CM

Russia launched "largest drone attack" on Ukrainian capital before Kyiv Day; 1 killed

Bajaj Electricals to increase its play in the premium segment

Hi-Tech Pipes Q4 net profit grows 42% to Rs 16 crore

F-16s to Ukraine would be 'unacceptable escalation', warns Russia

Joe Biden, GOP reach tentative deal to raise debt ceiling, avoid calamitous US default

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2023. Indiadotcom Digital Private Limited. All Rights Reserved.
LIVE TV