Stocks in Focus on Nov 22: Nykaa, NDTV, Kaynes Tech, Sadbhav Engineering & More

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Stocks in Focus on Nov 22: Nykaa, NDTV, Kaynes Tech, Sadbhav Engineering & More
Credit: © Reuters.

By Malvika Gurung

Investing.com -- Lupin (NS: LUPN ): The pharma major’s subsidiary has entered into an MoU with the Rajasthan govt to bolster its healthcare system.

Nykaa (NS: FSNE ): Equity firm Lighthouse India will offload a stake worth Rs 320 crore in the new-age digital firm at an average of Rs 180-183.5/share, with Bank of America (NYSE: BAC ) as the banker of the deal, stated a report.

NDTV (NS: NDTV ): Adani (NS: APSE ) Group’s open offer to acquire an additional 26% stake in the media company at Rs 294/share will begin today and close on Dec 5.

Power Finance (NS: PWFC ) Corp: The central PSU has incorporated two special purpose vehicles for developing independent transmission projects. 

Sadbhav Engineering (NS: SADE ): CEO Vasistha C Patel has resigned with immediate effect, along with its Executive Director and CFO Nitin R Patil.

Bluestar: Kotak Mahindra (NS: KTKM ) Mutual Fund has picked an additional 63,179 shares of the company through open market transactions, raising its stake from 4.97% to 5.04%.

Kaynes Technology India (NS: KAYN ): The leading IoT player will be debuting on the Indian exchanges on Tuesday with an issue price fixed at Rs 587/share.

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