
Stocks in news: Oswal Pumps, Nestle India, Angel One, Natco Pharma, Ethos
Devender Kumar resigned as the Chief Revenue Officer-Direct Business of the company with effect from September 30.
Markets remained mostly flat on the weekly expiry day amidst mixed signals. Several companies saw significant activity, including Oswal Pumps debuting on the exchanges and Nestle India considering a bonus share issue. Block deals impacted Ethos, while Sai Life Sciences may see a stake sale. Natco Pharma received a US FDA Form 483.
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Markets traded lacklustre on the weekly expiry day and ended almost flat amid mixed cues. In today's trade, shares of Oswal Pumps Ethos among others will be in focus due to various news developments.Shares of Oswal Pumps will be in focus as the company will debut on the exchanges today.FMCG major Nestle India will hold a board meeting on June 26 to consider and approve a proposal for issue of bonus shares. Goldman Sachs sold over 1.77 lakh shares of Ethos via a block deal. The deal size is worth Rs 48 crore and the shares were sold at a price of Rs 2700.6.Global assets management company TPG is likely to sell 12.5 million shares representing 6% stake Sai Life Sciences at an estimated deal size of $102 million (Rs 885 crore).GMM Pfaudler arm Pfaudler Normag Systems GmbH, Germany, bagged an order worth Rs 330 crore from a European-based customer.Kaynes Technology opened its qualified institutional placement (QIP) issue to raise up to Rs 1,600 crore, according to reports.US FDA issued Form 483 with 7 observations for company's Kothur, Hyderabad-based Pharma Division.Axiscades Tech signed a strategic partnership with Europe's Aldoria to strengthen India's Space CapabilitiesDevender Kumar resigned as the Chief Revenue Officer-Direct Business of the company with effect from September 30.
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