STOCKS IN ACTION 21 JULY IndiaMart InterMesh: The board of t | Indian Stock Market

STOCKS IN ACTION 21 JULY

IndiaMart InterMesh: The board of the company has approved a buyback of up to Rs 500 crore consisting of 12.5 lakh shares, representing a 2.04% stake via tender offer. The buyback price will be Rs 4,000 per share, a premium of 38% over Thursday’s closing price.

Larsen & Toubro: The company will consider a share buyback and special dividend on July 25.

IndusInd Bank: The board of the bank approved raising Rs 20,000 crore via debt securities on a private placement basis.

Jindal Stainless: The company completed the acquisition of Jindal United Steel by acquiring the remaining 74% stake for Rs 958 crore, making JUSL a 100% owned subsidiary of JSL.

LTIMindtree: The company announced a strategic partnership with CYFIRMA to enhance the threat intelligence capabilities of its XDR platform. Larsen & Toubro, through its L&T Innovation Fund, recently invested in CYFIRMA in a pre-Series B round of funding.

Hindustan Aeronautics: The company has signed a Letter of Intent on co-operation for Light and Medium Utility Helicopters for the Armed Forces of Argentina.

TataMotors JLR appoints Adrian Mardell as Chief Executive Officer & Richard Molyneux as Chief Financial Officer