AB NUVO GRASIM
Go contrarian, buy pharma, midcap IT and power stocks: Sanjiv Bhasin, India Infoline
The Aditya Birla Nuvo –Grasim merger should create a lot of shareholder wealth, says Bhasin.
Overwhelming response from shareholders for AB Nuvo-Grasim merger: Birla Group CFO
In an exclusive interview with ET Now, Aditya Birla Group CFO Sushil Agarwal said he saw overwhelming response from shareholders for AB Nuvo-Grasim merger.Overwhelming response from shareholders for AB Nuvo-Grasim merger: Birla Group CFO
Aditya Birla Group mixes services into its portfolio
The shareholders are currently voting to approve this amalgamation (voting ends first week of April). Grasim and Nuvo together hold 28% of Idea Cellular.
Voda-Idea deal talks set select AB Group stocks like UltraTech Cement and Grasim Industries on fire
Shares of Aditya Birla Nuvo also surged nearly 9 per cent intraday during the day.
Grasim, AB Nuvo advance on fixing of swap ratio for merger
Following the announcement, shares of Grasim Industries rose 1.60 per cent to settle at Rs 1024.55 on BSE. Shares of Aditya Birla Nuvo added 1.68 per cent to Rs 1433.90.
Aditya Birla Nuvo-Grasim merger: LIC may decide to give its go-ahead in a week or two, says Kumar Mangalam Birla
The chairman of the Aditya Birla Group met LIC's officiating chairman VK Sharma to explain to him the merger of AB Nuvo and Grasim.
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Will UltraTech see a revival in investor interest?
UltraTech Cement stock has fallen by 2.8% in the past 5 trading sessions compared with the 12.5% drop in Grasim post its merger announcement with AB Nuvo.
Birla wants to feed financial services ‘animal’ with merger plan
The group has been explaining the rationale of the merger after brokerages from HSBC Holdings Plc to IDFC Securities Ltd cut their recommendations on Grasim.
AB Birla Group rejig to help financial services join big league
Grasim shareholders have been telling us that they need another growth engine like UltraTech. Finserv will be another growth engine for Grasim.
The week that was: Grasim-AB Nuvo merger, Rajan's last policy meet and more
There was mixed trend across the stocks. While the BSE midcap index ended 0.4 per cent higher for the week, the BSE smallcap index slid 0.75 per cent lower.
India on an upward trajectory in long term: Nitasha Shankar, Yes Securities
On a fundamental basis the private banks are better placed than the PSU banks but the valuations for most of the private sector banks are quite stretched at these levels
If Grasim is making you cry, here are seven pure cement plays you can look at
Edelweiss believes the new holding company’s discount may have to narrow to less than 35 per cent for investors to make money, if the deal gets all the approvals.
The aim of AB Nuvo-Grasim merger is not to fund Idea Cellular for battle with RJio: KM Birla
"The key leverage from the merger will be for its financial services business that can avail of a strong balance sheet of a large, diversified group that is banking on India’s growth."
AB Nuvo slips 18 per cent while Grasim logs modest gains after merger
The financial services business, which was owned by Nuvo, would be spun off and listed separately after the completion of the merger, with Grasim shareholders.
AB Nuvo, Grasim crash up to 17% on merger news
Shares of AB Nuvo nosedived 18.08 per cent to hit a low of Rs 1,196.70 on Friday morning, while Grasim slumped 5.77 per cent to Rs 4,277.
Banks lift Sensex by 293 points; Nifty50 ends above 8,650 level
As soon as SBI delivered a set of Street-beating numbers with a 31.7 per cent drop in June quarter net profit, the 30-share Sensex reclaimed the 28,000 mark.
Get private equity, merger is bad for minority shareholders: Anil Singhvi, Ican Investment
Singhvi says the merger to increase shareholding in Grasim is done at the cost of minority shareholders.
Street gives a thumbs down to Aditya Birla Nuvo and Grasim Industries merger
As part of the group restructuring, Aditya Birla Nuvo will be first merged into Grasim following which the financial services business will be demerged and listed separately.
Five important triggers that changed your market while you were sleeping
It’s déjà vu for the US stock markets, as equities turned the clock back by 17 years.
Market gives a thumbs down to the merger of Aditya Birla Nuvo and Grasim
As part of the group restructuring, Aditya Birla Nuvo will be first merged into Grasim following which the financial services business will be demerged and listed separately.
AB Nuvo-Grasim merger to create a company worth Rs 60k-cr
With diverse businesses spanning manufacturing and services, the combined company provides a play on India’s growth story.
Ten things to know about AB Nuvo and Grasim Industries merger
The reorganisation will see the demerger of AB Financial Services from AB Nuvo and that separate entity will be listed on stock exchanges.
Aditya Birla Group rejig may lead to Grasim-Nuvo merger
Two-step recast may involve merger of Grasim and parts of AB Nuvo, followed by hiving-off of Nuvo’s finance services business into separate firm.
Hurricane Brexit blows over: Look who took how much hit in India Inc
While Tata and Reliance group witnessed $8-9 billion drop in their combined m-caps, the Aditya Birla group saw its market value rise by $700 million.
Aditya Birla group stocks end mixed amid coal scam issue
Shares of Aditya Birla-promoted firms such as Hindalco Industries and AB Nuvo ended the day on a mixed note.
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