CG Consumer Electricals gains on buzz of Kenstar deal
The stock of CG Consumer Electricals rallied during Friday’s trade after the company competed in the final leg of the race to acquire Kenstar, reported a leading business daily. CG Consumer and PE fund Everstone Capital have submitted binding offers and are in negotiations with Videocon to enter into exclusive talks. CG Consumer has placed its bid at Rs 1,400 crore, Everstone Capital has offered Rs 1,300 crore.Read More
Amber Enterprises files IPO papers with SEBI
Appliance maker Amber Enterprises has filed preliminary papers with SEBI to raise Rs 555 crore through an initial share-sale offering, according to draft prospectus filed with the markets regulator.Read More
Dairy stocks rises as companies cut milk procurement prices
Dairy product manufacturers surged in trade today on reports that these companies have slashed milk procurement prices by 11% in the past two months due to a supply glut. Dairies expect the cut in procurement prices to be a short-term phenomenon and therefore, have not passed the price cut to the consumers, reports added.Read More
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